RedditsuxTrump Says the U.S. Can't Pay for Healthcare or Daycare, Only War
Well it looks like I’m not going to be able to pay my taxes this year.
I hear so many people make that statement. I realize most are just making a flippant “joke”.
Not paying your taxes, assuming you owe any federal taxes, is a recipe for a whole heap of trouble and expensive if you’re working class. This isn’t VISA where you can basically just ignore the debt for X number of years and then you’re in the clear. The federal government has considerably more options for getting the money owed.
I’m not convinced tax evasion even hurts the government. Taxes gives currency value via scarcity, but currency also gains value through contracts made on that currency. Taxes is just a contract where everyone is automatically enrolled. As long as there are enough other contracts operating on the currency and the contracts are still enforced, the currency will retain value. The government also isn’t at risk of going broke since it can literally print it’s currency then increase interest rates to stop inflation.
Still hurts you of-course, but it’s a meaningless sacrifice.