Getting even with Uncle Sam

United States
February 28, 2007 3:44pm CST
I really don't like taxes and all of the Big Brother things that Uncle Sam likes to impose on us. Every once in awhile I will do something little that makes me feel like I am getting back at them. For instance, if I know I will be getting alot of overtime, I will change my withholdings on my W-4 to 8 or 9 to get the max money I can and not have it go to Uncle Sam, then change it back the next week. I was curious if anyone else has any little things they do to help them cope with the tyranny of Uncle Sam? And no, this is not going to be reported to them! LOL
1 person likes this
3 responses
• United States
28 Feb 07
Changing your withholdings doesn't affect how much tax you owe. All it does is change the amount taken out of the paycheck. At the end of the year, your W2 income goes on your tax return and you pay tax. As long as you break even or get a refund there's no problem but be careful that you don't end up owing tax by doing this. I actually don't have a problem with income tax in general, I have problems with some of the ways money is spent, i.e. Congress/Senate getting retirement benefits for the rest of their life regardless of how long they are in office, that irritates me. anyway, just wanted to make sure you understood the whole W4 thing :)
1 person likes this
• United States
28 Feb 07
Hey Debbie, I definately make sure that I don't owe at the end of the year. It just gives me a little way to get my money no and not let them have it for months before they give it back. Thanks for looking out for me. And I agree with you on how they waste "our" money.
1 person likes this
@lauriefnp (5112)
• United States
28 Feb 07
Changing your withholding affects the amount that you receive in your check with each pay, but it doesn't affect the amount of income tax that you will owe at the end of the year. You will still owe tax on that overtime pay, whether you changed your withholding or not. I would think that you might be better off leaving it at one rate and hopefully you will get a larger return at the end of the year. The last thing that you want is to end up owing more money to the government by April 15th! Believe me, if there were any way to bend the income tax rules and pay less tax, I would be doing it, for sure.
1 person likes this
@nicolec (2673)
• United States
4 Mar 07
I'm actually pretty honest with my taxes. I think it's because i don't really know how to 'stick it to uncle sam'. i don't make a lot of money and i don't have huge investments or own big ticket stuff. So I guess in the long run, they don't make much money off of me to begin with. So there, take that Uncle Sam. I have no money so go tax the rich! hey, that felt pretty good...LOL
• United States
5 Mar 07
Thats it....stick it to the man! LOL What I do is not harmful in anyway, it just makes me feel good that I snuck one in on the government.