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Too Many Words. I'll Vote For A Rapist Instead. (lemmy.dbzer0.com)
submitted 1 year ago by to c/politicalmemes@lemmy.world
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[–] 9 points 1 year ago (7 children)

I wonder what sort of impact it would have if everyone who's upset with Trump's lawlessness adjusted their tax withholding at work to not withhold anything. They'd have to save the money so they can pay their taxes next April to avoid legal trouble, but in the meantime, federal income could get hamstrung.

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  • [–] 8 points 1 year ago (1 child)

    They'd just use it as an excuse to cut more programs.

    Hell, according to the CBO, the current bill is guaranteed to cause an imbalance in the budget, which thanks to existing pay go rules means across the board cuts to everything, including Medicare.

    This way they didn't purposely or directly fuck over Medicare. It was just an oopsie.

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  • [–] 4 points 1 year ago (4 children)

    That's a tremendous amount of concerted effort that that plan would take. I don't see it happening.

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  • [–] 5 points 1 year ago (3 children)

    I think it'd be a fuckload easier than arranging a general strike. No missed work, no lost income, no need to coordinate a universal date to act on collectively, just a little paperwork and some effort to maintain savings. As more people hear and get upset, the money faucet slowly shuts more and more.

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  • [–] 2 points 1 year ago (2 children)

    Am I high or is everyone in this thread just ignoring that the IRS can garnish your wages and put levies on your accounts?

    Unless everyone triggers a bank run to get their dollars into coffee cans, taking what you owe is as simple as a few key strokes.

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  • [–] 1 point 1 year ago (1 child)

    That's why I explicitly said people would have to save the money so they could pay their taxes come next April. You're under no legal obligation to have accurate tax withholdings. It's only a convenience to make sure you don't owe a ton at the end of the year. You just have to make sure you properly file and pay up come tax season.

    Of course, an increasingly criminal administration might do something illegal to seize withheld funds, but that's another thing all together. Force their hands and make them do it if they want the money.

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  • [–] 1 point 1 year ago

    That makes no difference to their budget. They can still spend what they want, maybe with a little extra inflation, and they still balance their books anyway. The only thing they miss is that free couple hundred dollar loan from the 65%-ish that over withhold.

    A government doesn't need fiat currency, they just need to control the flow of it in/out of the economy. Sitting on your taxes is as good as paying them. Also, income tax is 48% of revenue and ~30% is paid by the top 5% of earners. I don't think a 6 month delay on <18% of revenue would be noticeable.

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