Well, that one congressional district that has their congress person being kept out should definitely not have to pay because that would be a taxation when they have no representation.
Also, several congresspeople have said that they “don’t represent the Democrats” in their districts. I think that, too, should immediately exempt those residents from taxes.
Sort of. When you start employment, you fill out a whole bunch of paperwork related to taxes and pay. Most people opt to have standard tax withholdings, but you can opt to get the full paycheck with no withholdings. It just requires you to pay a huge bill at the end of every year out of your bank account.
If you’re smart and time it right, you can take what would be deducted and put it into a 12-month certificate. Then, when the year ends, you take that principle and pay the taxes. You just get to keep the interest.
Most people don’t because taxes and the deductions from the paycheck change so much every year. It can be hard to figure out and a pain to have to refile the paperwork to change the deductions to see what this paycheck’s deduction should be.
If your income does not have withholdings you are required to make payments quarterly. If you owe above a certain amount when filing your tax returns you have to pay a penalty.
You can write exempt on the withholding form to stop your employer from withholding, but the forms are very clear that it is only to be done if you owe no tax. Unless you earn less than $16k or whatever the standard deduction is for you, it would be unwise to not make advanced tax payments.
You can file your forms differently to avoid paying the feds, or delaying those payments, but you do so at personal risk.
Most working people have their estimated taxes deducted from their pay before they receive it. They don’t have an option to not pay.
Well, that one congressional district that has their congress person being kept out should definitely not have to pay because that would be a taxation when they have no representation.
Also, several congresspeople have said that they “don’t represent the Democrats” in their districts. I think that, too, should immediately exempt those residents from taxes.
Sort of. When you start employment, you fill out a whole bunch of paperwork related to taxes and pay. Most people opt to have standard tax withholdings, but you can opt to get the full paycheck with no withholdings. It just requires you to pay a huge bill at the end of every year out of your bank account.
If you’re smart and time it right, you can take what would be deducted and put it into a 12-month certificate. Then, when the year ends, you take that principle and pay the taxes. You just get to keep the interest.
Most people don’t because taxes and the deductions from the paycheck change so much every year. It can be hard to figure out and a pain to have to refile the paperwork to change the deductions to see what this paycheck’s deduction should be.
If your income does not have withholdings you are required to make payments quarterly. If you owe above a certain amount when filing your tax returns you have to pay a penalty.
You can write exempt on the withholding form to stop your employer from withholding, but the forms are very clear that it is only to be done if you owe no tax. Unless you earn less than $16k or whatever the standard deduction is for you, it would be unwise to not make advanced tax payments.
You can file your forms differently to avoid paying the feds, or delaying those payments, but you do so at personal risk.