Tax Question why can I not sue??

Question

Tax Question why can I not sue??

I have a couple of good retirement’s accounts

And I am thinking why not use one of them

But if I do the Government will tax me when I pull it.

Then Tax me again at the end of the year.

(Double taxation) (Taxed twice on the same money)

Can I sue the government? Has anyone done this?

Even if I did sue and win don’t you feel like the government would hurry and keep this quit or did I already do it???

Answer 1

If you have 2 retirement accounts, why not just withdraw from one, & never pay it back??  That way you would only be taxed once.  And unless someone is holding a gun to your head, you are not being forced to withdraw this money & be taxed twice.  In other words you are walking into this with the full knowledge of the consequences.

Do you really want to sue someone who has unlimited numbers of lawyers & unlimited amounts of money to pay them???  Good luck with that one.  

Answer 2

I dont see how you are getting taxed twice on the same money.  They generally take out 20 percent to cover the taxes on your withdrawal from your retirement account, plus a ten percent penalty.  Just like taking money out of your paycheck each time you get paid, except for the penalty of course; Taxes are pay as you go.  Then its balanced out at the end of the year.  If you paid too much in you get a refund.  If you didnt pay enough you have to pay in more.   Depending how you do your taxes you're probably going to get back some of the 20 percent withheld for taxes on your retirement accounts.  And no you cant sue them.  Retirement accounts are part of the tax codes and Congress makes the tax code.

Answer 3

of course you can't sue!

there is nothing that actually prohibits double-taxation.  also, in this instance, you are VOLUNTEERING to be taxed twice.

there are penalties for a reason.  you shouldn't tap your retirement accounts before you retire.

you knew the taxes/penalties going in.

and if  you did try to bring suit, no lawyer would even waste his time talking to you, because he would know that this will not survive summary judgment.

EDIT:  Do you need a history book, or something?  "We" left England because of religious freedom.  "We" separated from England because of taxation WITHOUT REPRESENTATION, not double-taxation!

And yes, they do WITHHOLD taxes when you make a withdrawal.  But this is credited to the amount of taxes that you have already paid - you don't owe it twice just because they take the taxes out before they give it to you.  h**l, your employer does the exact same thing!!!

But if you don't believe the answers that you're getting here, by all means go talk to a lawyer, and tell him that you want to sue the government because they levy taxes.  See what he says!