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Personal Finances / Living Below Your Means

URL:  https://boards.fool.com/ltspeaking-of-ways-to-not-pay-payroll-taxesgt-15162424.aspx

Subject:  Re: Not everyone gets a tax rebate Date:  6/13/2001  9:22 AM
Author:  jscott27 Number:  153398 of 910561

<speaking of ways to not pay payroll taxes>
> Own rental property.
> Write novels, etc. and collect royalties.
> Day Trade. (Ideal, but too complicated to go into right now. Of
> course, you also need to MAKE money)
> Win the lottery.
> Enter lots of contests for jingles, and recipes.

While none of these occupations may pay FICA tax through a traditional paycheck, they will still have to pay it. As long as their is income, it is taxed, and if you actually believe that gambling profits (lottery) aren't taxable, then I have a bridge to sell you.




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