396
Sovereign citizen Facebook is truly the most bonkers.
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Nov 2023
396 points (98.1% liked)
InsanePeopleFacebook
2635 readers
35 users here now
Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world
founded 1 year ago
MODERATORS
You write exempt in one of the boxes. They've hidden the part where it tells you which one. You can look it up, but its not stated clearly on the form anymore.
But you still have to pay taxes if you owe them, and you have to pay a penalty if they didn't withhold enough. But if you're poor enough you don't owe federal income taxes you can avoid giving the IRS an interest free loan if you file your form properly.
The US learned what happens if taxes are actually voluntary during the days of the articles of confederation. Results were predictable.
This answer is correct, that form is called IRS W-4. All employers give this with setting up payroll.
The thing is, the IRS will still know how much you made and will be able to tell if those exemptions are authentic based on your tax return, so you'll still end up paying.
You could try to negotiate a 1099 contractor agreement sans the 1099 and pray the IRS never figures it out, but the company takes a risk with this too, bigger than the contractor, because they want to deduct your pay as an expense, and documentation is required.
Even better: work for a cash business and take your income in cash. Things might get a little spicy if you're depositing that much cash every month at your bank.
Just tell the bank you won it at rolling dice in the alleys or by day trading POGs at schoolyards.
tell the bank to mind its own business and keep all your deposits under the $10,000 reporting threshold but not in such a way that you are deliberately keeping it under that value so you're not guilty of structuring. But also banks tell the IRS your account values regardless because interest is taxable so you might be fucked regardless if the IRS cares. Just be rich and use loopholes, or be too poor to pay taxes, or pay.