Quote:
Originally Posted by thesloppy
Removing the idea of protest or resistance, it also seems like you could save yourself a few thousand dollars every year by taking all your money home and investing/depositing those dollars for the year, for your own profit, rather than immediately handing them over to the government....which probably lends credence to the idea that it's not entirely feasible, because if it were folks would already have done it long ago.
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Saving "a few thousand dollars" is only going to happen if you're investing that money. A married couple filing jointly that has $100K in income owes about $17K in federal taxes, so you're talking about earning roughly a 20% return on that money to get that level of benefit. And the first time the market tanks and you find yourself with a massive tax bill at the end of the year that you can't pay just by liquidating your portfolio, that's when it probably stops.
Beyond that, this is basically the approach everyone who isn't in the "tax refund = forced savings/vacation fund" already takes.