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Wake up America! Your pay-stubs are sending you an important message you won’t read in the papers or see on TV.... Why spend 1/4 of your working lives toiling for the IRS? Why allow Washington to collect your hard-earned dollars to pay off Wall St.’s gambling debts (while the Banksters go Scot free)? You know why! The answer is simple! You think you can’t help it. The IRS takes the money out of your paycheck before you ever see it. Meanwhile, the Banksters and Bosses are pocketing their profits every nano-second and pay their taxes (if any) at the end of the fiscal year. But you do have the power to turn the tables! The name of your “loophole” is the IRS W-4 Form.
How to Use your W-4 Form to Save Money and Eliminate InequalityWhen you list the number of your dependents on your W-4, your Employer is obliged to lower the amount of Withholding in proportion. For example, an average salaried single person, Jane Doe, earning $42,900 a year. Normally Jane files as “S-1” (Single, no dependent). The Employer subtracts Jane’s personal deduction of $6200 from Jane’s projected annual income, reducing it to $36,700 on which she owes taxes amounting to $4,426. So the Employer must deduct that amount from her paycheck in monthly installments of $369. But what if Jane wrote “S-11” (Single with Ten Dependents) on her W-4? Do the arithmetic. If you multiply the number of Jane’s new “dependents” by the standard exemption (11 X $3900 = $42,900) her projected taxable income is reduced to zero. So the employer deducts nothing! Believe it or not, once Jane writes “S-11” on her W-4, she starts collecting the FULL AMOUNT of her actual earnings. Jane is free to change her W-4 filing at any moment, and so are you. The only way the IRS can get greasy paws on Jane’s hard-earned money is to wait until the next April 15, audit her tax return, challenge her deductions for the ten extra dependents and win in court. Now SHE is in the power position, just like a big corporation, and the burden of collection is on the government. The fact of the matter is that the IRS doesn’t have enough auditors to go after thousands of wage-earners who have filed “S-11.” It would take them years and create total chaos if they tried. But where, you may ask, can Jane (and you) find extra “dependents” to list on her W-4? Simple: Jane calls up her friends and forms an “American Working Family” -- an affinity group of three, five, seven or eleven W-4 Tax Resistors who agree to list each other as “dependents!” That’s right, do like Jane, and you and your friends all become each other’s ‘dependents!’ (Just make sure that you all check the box on the W-4 marked ‘someone else can claim me as a dependent.’ ) Try it yourself! Go to the Revolts Everywhere