My mom always told me that I don't have to go to church, I get to. She'd further say that there are only two things I have to do: die and pay taxes.
In this most recent bid to borrow ~$6k from each and every tax payer to stimulate the economy, I'm wondering what happens if we just quit paying taxes.
What if on March 1st, every American alive fixed their tax forms at work so that no taxes were removed. Those that don't work for someone can just quit paying taxes. I'd strongly advise getting any return you have coming before doing so.
What would happen? Would there be any bad consequences to you personally? And don't say the IRS would come throw you in prison. If no one paid their taxes, the IRS couldn't afford to do so. They are almost $11 trillion dollars in debt.
I can guarantee you it would stimulate my economic package. The 5% pay cut I just got would turn into a 20% pay increase. I'd definitely buy more. The state of Texas which relies on sales tax would benefit.
It seems like the only organizations that would detriment from such a move would be the central government and all the billionaires they are giving their stimulus to.