prof_science
(343 posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 03:19 PM
Original message |
Is there protest value to delaying tax payments? |
|
I was thinking that I would wait until the very last minute (4/15) to pay taxes, because I want to give the government less time to invest my money in their death games.
But then, I thought, it's basically no trouble to get an extension (3 month I believe, could be wrong), and delay my payment even further. Of course, this is in the case of owing taxes as opposed to getting a refund, which is my lot.
Would this form of protest on a large scale really make any difference? I would imagine that it would be purely symbolic. Any opinions?
|
Warpy
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 03:22 PM
Response to Original message |
|
If you owe money, keep it in your account until 4/15 and collect the interest on it. If you are getting a refund, file as early as possible and deprive the Feds of collecting the interest.
|
GetTheRightVote
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 03:22 PM
Response to Original message |
2. I thank that is a great ideal, I hope many follow behind you |
|
I hate all that this admin has come to represent so any action which slows them down is a welcome thought to me. I hope it ripples clear across our nation one voice at a time.
:mad:
|
ret5hd
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 03:22 PM
Response to Original message |
3. someone correct me if i am wrong, but... |
|
i believe that if you OWE taxes, you still need to have the payment in by 4-15. You can delay filing, but the payment is still due and you owe interest on payments due on 4-15 but paid at a later date.
|
prof_science
(343 posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 03:23 PM
Response to Reply #3 |
|
I think you're right on that one...
|
kcass1954
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 03:38 PM
Response to Reply #3 |
6. You are correct, and... |
|
under some circumstances, there may also be penalties assessed.
|
illflem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 03:23 PM
Response to Original message |
5. What would be better is to work it so you don't owe any taxes |
|
give it to the Red Cross or such instead even if it comes out to be more. If you are owed a refund fill out a new W-4 so only as much or less than what you owe is withheld.
|
RoeBear
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sat Jan-08-05 04:33 PM
Response to Original message |
|
Edited on Sat Jan-08-05 04:33 PM by RoeBear
the money that you pay in taxes all goes to programs that you support.
But still don't send in the check til 4/15
|
DU
AdBot (1000+ posts) |
Thu Apr 25th 2024, 08:20 PM
Response to Original message |