Tax Day Protestors — Time To Put Your Money Where Your Mouth Isby Brad Warbiany
A few weeks ago, I asked those who were interested in fighting back against the forces of taxation to actually do something tangible to make a difference. I asked for a real Tax Day protest.
The idea was simple. Decrease your tax withholding to the minimum level to avoid penalties, in order to ensure that the FedGov doesn’t get your money until it’s absolutely required. I even gave a simple metric, for those of you who work standard salaried corporate jobs, claim me, myself, and I, plus spouse and/or dependents. For me, that number is 6 (me, myself, I, wife, son, soon-to-be-born-son).
In my case, that resulted in my claimed exemptions moving from 4 federal, 3 state, to 6 federal, 6 state.
What I want to know is — who’s coming with me? Who’s actually changing their claimed exemptions to reduce their withholding?
Frankly, folks, this will mean more than showing up to some mass protest today. If you’re joining the Tax Day Withholding Party, post your changes in the comments section.