Let's say you live in the US and make $100K/year, and you pay $2K in taxes per month, or $24K in taxes. At a 4% APY, that's $500/year you're missing out on.

This year, I'm withholding $0 in taxes.

I'm setting aside my taxes in my personal account, collecting interest. If the IRS is still around, I'll pay them in 2026. If the IRS isn't still around, then I keep that money. :D

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twovests OP wrote on February 12, 2025 at 7:33 PM

#23,983

update: awh man it seems like i can't actually do this without a lot of annoying paperworm

twovests OP wrote on February 12, 2025 at 7:33 PM

#23,984

Replying to twovests (#23,983)

awesome autocorrect behavior with "paperworm"

flabberghaster wrote on February 13, 2025 at 2:33 AM

#23,988

Replying to twovests (#23,984)

also if you vastly underpay for witholdings they'll charge you a penalty, depending on how much by.

twovests OP wrote on February 13, 2025 at 3:40 AM

#23,989

Replying to flabberghaster (#23,988)

https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty

awh man

i thought i really found a lifehack

hollyhoppet wrote on February 13, 2025 at 4:41 AM (edited on February 13, 2025 at 4:44 AM)

#23,990

even if the us were to begin a process of balkanization, the irs is how the federal government extracts value from its citizens, so i imagine it'll be the last to go. in many empires, one of the last bodies to stick around has been the tax collecting arm, long after any actually useful offices are closed.

even the ottoman empire, whos dissolution was pretty fast, took about ten years from what is considered the start of its dissolution. the mongol empire, considered to have begun collapsing after kublai khan's death, stuck around for several decades, and that was also considered relatively quick

Moonside wrote on February 13, 2025 at 8:22 AM

#23,992

Replying to twovests (#23,989)

Lmao