How the fuck do the wealthy avoid income tax?

how the fuck do the wealthy avoid income tax?

Other urls found in this thread:

youtube.com/watch?v=r6fu-Wi1kKQ
twitter.com/AnonBabble

you "donate" to funds, buy shitty artwork, or make a paper company.
if you have the cash the possibilities are endless.

The Panama Papers showed that there are companies set up for the wealthy specifically to guide them through the process. A mixture of CPAs and financial lawyers versed in international law.

off-shore "shell" companies, mostly, and accounting gymnastics

it helps to dissemble your wiles by bleat about gov't spending and making token 'dollar from the hand / hundred in the pocket' donations to fashionable charities

>your wiles by bleat

Have enough money that trust funds and lawyers are cheaper than what you would pay in tax

They get a free pass from their Jewish masters.

The fuck did you just say?

>P00T
teehee

-ing, you quad

...

They put theyr money in our banks.

Im sorry are you having some sort of stroke?
Do you smell toast?

Wouldn't happen if our cuck government taxed the wealthy adequately.

>tfw 250k+ annual income = 50% tax

the fuck is even the point of being a top earner here

hola hola yo dawg

>cuck'd gov't
>taxing those that cuck 'em

You can offset losses and expenses, sometimes for as long as 20 years.
Effectively, you can generate huge profits this year, but previous expenses can negate them, effectively hiding them

No, they're taxing people with successful careers. Doctors, engineers, etc. Another kangaroo shitpost

ez over here

do everything as an LLC (which doesn't get taxed before you want to pay out dividends) and write off all you can as business expenses, then "lend" to a parent company in a tax haven and write off the loan

>they're taxing people with successful careers.
no, einstein's retard cousin under the stairs -- they tax the plebe masses, like you, while those with the wherewithal to dodge tax, do so

that's why you have to take out a loan to see a doctor and beg for tips just to buy your daily happy meal... not because "muh jews"

youtube.com/watch?v=r6fu-Wi1kKQ

>Own a company
>Start a shell company in Panama
>put it under the name of a reputable management firm
>Through your company pay for fake consulting services provided by your Panama company (expenses are written off and not taxed)
>Panama company then provides you a personal line of credit at almost 0% interest (the loan isn't taxed as income)
>All interest generated goes back to the shell company
Pretty sure this is how it work. You just pay the management firm a modest fee to handle the transactions of your shell company and you get to skirt the tax revenue services.

>the fuck is even the point

Because they literally invest money in avoiding taxes.

You faggots really know nothing about tax evasion..

> income tax


Setting up a shell company isn't going to shit because because if you are getting paid from a US employer they still do a withholding. You still have to file taxes. Plus you just opened a pandora's box of shit with US filing requirements because you own a foreign company.

If you want to get around paying income taxes:
> buy a condo in Panama, 0% income tax on foreign earned income there.
> Set residence to Panama with employer
> "Live" in Panama or any other country for about 330 days of the year.
> File US Taxes with the foreign earned income exclusion which takes about 100k off the taxable amount you make.

...

>> "Live" in Panama or any other country for about 330 days of the year.
how do you fake that

>The rich get deductions and creative tax avoidance schemes. Not taxed.
>The poor get gibs. Also not taxed.
>The middle class gets taxed.

Hold your money in bitcoin and trumpcoin, and the jews wont Touch it.

>i didn't go to film school, i went to films
what could quentin cuckalini have meant by this?

They don't earn income because they don't have wage jobs

philip green lives in a "hotel" when he is in the UK, rest of the time he is in Monaco