After the fiasco from last year I decided to change things up a little. I modified my withholdings to max out the amount i can withhold from my paycheck. I also added some fake income on top of that for the higher withholding category, and i also added in an extra withholding on top of that just in case. At this point I have my withholdings set to 60% per paycheck. I think the idea is that i get a bigger refund later on so i hope this works. I know the IRS has been stalling a lot of refunds lately, but i guess its better to get money back than to owe money to the IRS. Although I could be wrong
The government doesn't have a magic wand to know everyone's name. Yeah, if you start talking about goodifying politicians or synagoges then they might start digging to figure out who you are. Some nagger says he skips out on an unspecified tax about? They're not activating the navy seals over that.
Too many people are full collaborators with the regime. Then those same people turn around and complain their support of evil isn't as rewarding as they expected.
why is that? The IRS is increasing its enforcement and id rather be on the good side. As it stands i have been audited for 4+ years. Every. Single. Year. They find something to ding me with
Honestly come 6 months time, the IRS will just be doing the same thing anyways with everyone else. Right now i have it setup that I give into the IRS around 120,000/yr and than I should get back around 40,000 from the refund or so. The last time I tried this, I got significantly less money back than my plan originally anticipated so I'm assuming I need to aggressively increase my withholdings to make up the difference.
My take home net pay is around 250,000 and with my withholdings Im looking at around 75,000 take home per year after i account for all my withholdings and tax structure, etc When you account for the refund, I would still only get up to 135,000 or so after all the taxes are taken out.
After reading this page, i decided to go back to the min withholdings and pay more every tax year. When you account for the way credit cards work, you just roll the balance into a 0% credit card offering and pay that off, and you out jew the jew by using negative inflation to pay off negative inflation
If you do withhold slightly less than required for a tax season you will always owe money. You then take the money you owe and roll that into a 0% introductory APR credit card and pay it off during the 0% APR period.
In essence you're using negative inflation dollars (0% APR over 21 months) to pay off the IRS amount due
Ok I get what you mean now. The way you're using some of these terms is a little weird but I get it now.
That would work but as I understand it only benefits you if your income is growing to match inflation or else you're doing something else with that money that's earning a return in the meantime.
Which is easy, so no problem as long as you have a good understanding of what's happening here.
[ - ] Hoobeejoo 1 point 1.8 yearsAug 22, 2023 15:52:36 ago (+1/-0)
When you do that, you are giving the government an interest free loan of your money. You would be better off taking that money and putting it in a CD or some shit and withdraw it when it expires.
[ + ] NaggerFagger
[ - ] NaggerFagger 4 points 1.8 yearsAug 22, 2023 10:34:07 ago (+4/-0)
[ + ] Anus_Expander
[ - ] Anus_Expander 2 points 1.8 yearsAug 22, 2023 11:01:03 ago (+2/-0)
[ + ] SecretHitler
[ - ] SecretHitler -1 points 1.8 yearsAug 22, 2023 17:15:38 ago (+0/-1)
[ + ] Anus_Expander
[ - ] Anus_Expander 2 points 1.8 yearsAug 22, 2023 17:22:58 ago (+2/-0)
[ + ] SecretHitler
[ - ] SecretHitler 0 points 1.8 yearsAug 22, 2023 17:40:49 ago (+0/-0)
[ + ] Deleted
[ - ] deleted 0 points 1.8 yearsAug 23, 2023 01:25:44 ago (+0/-0)
[ + ] SecretHitler
[ - ] SecretHitler 1 point 1.8 yearsAug 23, 2023 05:15:02 ago (+1/-0)
Nobody knows who he is here. His username is Nagger Fagger. How tf can the irs look him up?
I was gently poking fun at AnusExpander for cautioning him about saying it online anonymously.
[ + ] Deleted
[ - ] deleted 0 points 1.8 yearsAug 23, 2023 13:04:25 ago (+0/-0)
[ + ] SecretHitler
[ - ] SecretHitler 0 points 1.8 yearsAug 23, 2023 13:21:19 ago (+0/-0)
[ + ] Deleted
[ - ] deleted 0 points 1.8 yearsAug 23, 2023 16:14:07 ago (+0/-0)
[ + ] SecretHitler
[ - ] SecretHitler 0 points 1.8 yearsAug 24, 2023 03:01:05 ago (+0/-0)
[ + ] Deleted
[ - ] deleted 0 points 1.8 yearsAug 24, 2023 09:23:52 ago (+0/-0)
[ + ] Sector7
[ - ] Sector7 2 points 1.8 yearsAug 22, 2023 15:00:21 ago (+2/-0)
[ + ] Deleted
[ - ] deleted 0 points 1.8 yearsAug 23, 2023 01:24:32 ago (+0/-0)
[ + ] Ozark
[ - ] Ozark 3 points 1.8 yearsAug 22, 2023 10:05:02 ago (+3/-0)
[ + ] CovidHoldout
[ - ] CovidHoldout [op] -1 points 1.8 yearsAug 22, 2023 10:06:22 ago (+0/-1)
[ + ] SecretHitler
[ - ] SecretHitler 3 points 1.8 yearsAug 22, 2023 10:31:04 ago (+3/-0)
Just do direct deposit of a similar amount into a seperate interest bearing savings account (and don't touch it) and use that to pay them any overage.
4% isn't a lot but it's enough to be worth it.
[ + ] CovidHoldout
[ - ] CovidHoldout [op] -1 points 1.8 yearsAug 22, 2023 11:14:55 ago (+0/-1)
My take home net pay is around 250,000 and with my withholdings Im looking at around 75,000 take home per year after i account for all my withholdings and tax structure, etc When you account for the refund, I would still only get up to 135,000 or so after all the taxes are taken out.
source: my accountant
[ + ] SecretHitler
[ - ] SecretHitler 1 point 1.8 yearsAug 22, 2023 16:24:06 ago (+1/-0)
[ + ] CovidHoldout
[ - ] CovidHoldout [op] -1 points 1.8 yearsAug 22, 2023 16:25:29 ago (+0/-1)
[ + ] SecretHitler
[ - ] SecretHitler 0 points 1.8 yearsAug 22, 2023 16:28:33 ago (+0/-0)
[ + ] CovidHoldout
[ - ] CovidHoldout [op] -1 points 1.8 yearsAug 22, 2023 16:40:23 ago (+0/-1)
In essence you're using negative inflation dollars (0% APR over 21 months) to pay off the IRS amount due
[ + ] SecretHitler
[ - ] SecretHitler 0 points 1.8 yearsAug 22, 2023 17:06:29 ago (+0/-0)
That would work but as I understand it only benefits you if your income is growing to match inflation or else you're doing something else with that money that's earning a return in the meantime.
Which is easy, so no problem as long as you have a good understanding of what's happening here.
[ + ] KyleIsThisTall
[ - ] KyleIsThisTall 3 points 1.8 yearsAug 22, 2023 13:46:22 ago (+3/-0)
[ + ] HonkyMcNiggerSpic
[ - ] HonkyMcNiggerSpic 2 points 1.8 yearsAug 22, 2023 10:48:29 ago (+2/-0)
[ + ] Hoobeejoo
[ - ] Hoobeejoo 0 points 1.8 yearsAug 22, 2023 15:54:48 ago (+0/-0)
[ + ] ilikeskittles
[ - ] ilikeskittles 2 points 1.8 yearsAug 22, 2023 11:00:35 ago (+2/-0)
[ + ] Hoobeejoo
[ - ] Hoobeejoo 1 point 1.8 yearsAug 22, 2023 15:52:36 ago (+1/-0)
[ + ] SecretHitler
[ - ] SecretHitler 1 point 1.8 yearsAug 22, 2023 17:10:40 ago (+1/-0)
[ + ] Anus_Expander
[ - ] Anus_Expander 0 points 1.8 yearsAug 22, 2023 11:00:10 ago (+0/-0)
[ + ] SumerBreeze
[ - ] SumerBreeze 0 points 1.8 yearsAug 22, 2023 13:31:17 ago (+0/-0)
[ + ] Breeder
[ - ] Breeder 0 points 1.8 yearsAug 22, 2023 23:56:19 ago (+0/-0)