Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Is there protest value to delaying tax payments?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
prof_science Donating Member (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?
Printer Friendly | Permalink |  | Top
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 03:22 PM
Response to Original message
1. Interest
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.
Printer Friendly | Permalink |  | Top
 
GetTheRightVote Donating Member (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:
Printer Friendly | Permalink |  | Top
 
ret5hd Donating Member (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.
Printer Friendly | Permalink |  | Top
 
prof_science Donating Member (343 posts) Send PM | Profile | Ignore Sat Jan-08-05 03:23 PM
Response to Reply #3
4. Good point.
I think you're right on that one...
Printer Friendly | Permalink |  | Top
 
kcass1954 Donating Member (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.
Printer Friendly | Permalink |  | Top
 
illflem Donating Member (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.
Printer Friendly | Permalink |  | Top
 
RoeBear Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 04:33 PM
Response to Original message
7. Just pretend that
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
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Nov 29th 2014, 01:29 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC