2007-05-10 13:54:13 · 11 answers · asked by grundsty_83 1 in Business & Finance ➔ Taxes ➔ United States
you know those people that sleep on park benches ? or in a cardboard box? on on a heat vent? the ones that line up at the local rescue mission for something to eat or a warm bed when it's -20 degrees out? ask them,
there are worse things than paying tax
2007-05-10 15:05:12 · answer #1 · answered by Jo Blo 6 · 1⤊ 0⤋
Sure! Cut your income down below the filing requirement amount for your filing status. For 2007, that will be $8,750 if your status is Single, you're under 65, and you are not the dependent of another taxpayer. Good luck living on that kind of money, but you won't be paying any Federal Income Tax.
BTW, a couple of folks have suggested moving out of the country and giving up your US citizenship. That won't even work in most cases. If the IRS feels that the reason you did that was to dodge US taxes, they can still go after your for US taxes for 10 years after you relinquish your citizenship. Do keep in mind that most places that you'd want to move to and live probably have higher taxes than the US does.
2007-05-10 20:59:29 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 1⤋
In addition to the other ideas, you could amass a large amount of cash but not invest it. Then spend the cash. You would have no income, and pay no tax.
2007-05-11 04:08:20 · answer #3 · answered by ninasgramma 7 · 1⤊ 0⤋
Stop earning income. Or move out of the country and become a citizen of the other country - but check on their tax structure first.
2007-05-10 20:58:29 · answer #4 · answered by Judy 7 · 0⤊ 2⤋
The only way is to have an income low enough to not qualify for taxation. Other than that, you're stuck.
2007-05-10 20:59:05 · answer #5 · answered by acermill 7 · 1⤊ 0⤋
a) Stop making income.
2) Death
III) I hear Cuba is nice this time of year.
2007-05-10 21:01:47 · answer #6 · answered by Neilius 2 · 1⤊ 0⤋
Yes, move out of the country and renounce your US citizenship. Allow me to recommend a move to Monoco.
2007-05-10 21:02:18 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Is there any way to quit eating & sleeping? They take up too much time?
See, it's not true that there are no silly questions.
2007-05-10 21:23:24 · answer #8 · answered by dwagsfive 2 · 0⤊ 1⤋
Yes move to Canada or some other 3rd world country and live in a slum.............See how you feel about tax after 6 months
2007-05-10 20:59:46 · answer #9 · answered by Anonymous · 0⤊ 5⤋
stop work
2007-05-10 22:49:32 · answer #10 · answered by cork 7 · 1⤊ 0⤋