I got my final paycheck today. It includes a count for my total gross pay for
, but doesn’t have complete numbers for
some of my pretax contributions. I think I’ve got enough to go on to run the
I’m using ’s 1040 form as a basis for my
calculations. Since Congress is still arguing about ’s tax laws, this is the best I’ve got to go on.
Those disclaimers aside, though, it looks like I’m in the clear. I’ll need to
put $3K into an
another $3K in capital losses that my employer
graciously provided me via the Employee Stock Purchase Plan, and spend another
$1,300 or so on tuition. That’ll drop my Adjusted Gross Income below $15,000,
at which point I’ll get a retirement savings attaboy credit for putting the
money in the
which will wipe out any remaining owed tax.
Come , I’ll get back everything that was
P.S. There’s a good
article that was posted to AlterNet
“War Tax Resistance Made Simple.”
It talks about the various forms of tax resistance — from going on strike like
I’m doing, to filing “zero returns” or blank forms, to symbolic withholding of
some portion of what is demanded, to resisting a particular excise tax (for
instance the federal phone bill tax).
I also found an older AlterNet article today on
“The ‘New’ Economy”
that is an interesting look at the underground, or “shadow” economy:
The National Center for Policy Analysis points out: “Economists estimate that
as many as 25 million Americans earn a large part of their income from
While economists have long estimated that the
economy equals about 10 percent of the gross domestic product
there are reasons to believe the number may be larger. According to a recent
International Monetary Fund survey of 21 countries, the shadow economy has
been growing for 30 years — the fastest in — doubling from less than 10 percent of the
to 20 percent or more by
“In the United States, for example, the shadow economy doubled from 4 percent
in to 9 percent in
,” according to
But the Internal Revenue Service is taking a dim view. The
recently estimated that the federal government is losing $195 billion per
year in revenue due to underground activity — both legal and illegal. In
addition, it estimates the underground economy is anywhere from 3 to 40
percent of the above ground economy.
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