How to avoid taxes?

[Scorpion Ghost]

The only taxes that are usually paid by "everyone" are sales taxes or VAT in some places. But I would argue that this is still a tax that is in reality paid by the company, even though it is "charged" to the consumer.

Most 1st world tax regimes I ever looked into have completely untaxable income up to a certain level. Could be 5k, 10k ,15k, 20k a year, depends on the country. If you know any that really starts taxing your income at first $, post those countries names, I would love to see who does this. When I say untaxable income, I am talking about personal income, all insurances excluded.

Serbia has no untaxable income. There was a lot of talk about it a few months ago. There you go, you got yourself a name

 

[oldguyjoe]

Serbia has no untaxable income. There was a lot of talk about it a few months ago. There you go, you got yourself a name

I never looked into Serbia so forgive me if I'll make a mistake, but here is what I found right now, I went looking because it is so extremely unlikely that a country would start taxing at the first $ earned and not provide some substantial relief of several $1000. https://assets.kpmg/content/dam/kpmg/rs/pdf/2021/02/Annual-Income-Tax-February-2021.pdf

In case of Serbia, this amount for an individual seems to be $4000 before he starts paying income taxes on the rest of his income. So 4k is untaxable income that is completely exempt of any income taxes and it grows higher if you have family members that you have to support.

400.000 Serbian Dinar equals 4.038,86 United States Dollar.

The last sentence bothers me though. If you earn only 4k, they seems to not give you a 4k relief , but only 2k, so in that case you had only the first 2k untaxable.

 

[Nut-Nights]

Dont make money, easy peasy.

 

[polecat]

Take over a country and establish your Government. Otherwise buy an island and start your own banking services for yourself.

Agreed I did that myself a couple of years ago.

 

[mrgreengreen]

Death and taxes two things you cannot avoid

meanwhile people, who escaped death multiple times and do not pay taxes. °_° >_>

 

[MisterF]

Hey guys, where should i keep money in order to avoid taxes? Is crypto the only way? I want to be safe that i won't lose money, want to be sure that my money is in the safe place , but at the same time don't pay taxes. Any ideas where could i keep the money?

How much are you talking about here?

Seek professional advice from a qualified tax advisor.

 

[polecat]

Serbia has no untaxable income. There was a lot of talk about it a few months ago. There you go, you got yourself a name

I am from Serbia sorry to tell you until you get a ferret you are banned from Serbia until you make it up to the levels of greatness with a ferret

 

[Scorpion Ghost]

I never looked into Serbia so forgive me if I'll make a mistake, but here is what I found right now, I went looking because it is so extremely unlikely that a country would start taxing at the first $ earned and not provide some substantial relief of several $1000. https://assets.kpmg/content/dam/kpmg/rs/pdf/2021/02/Annual-Income-Tax-February-2021.pdf

In case of Serbia, this amount for an individual seems to be $4000 before he starts paying income taxes on the rest of his income. So 4k is untaxable income that is completely exempt of any income taxes and it grows higher if you have family members that you have to support.

400.000 Serbian Dinar equals 4.038,86 United States Dollar.

The last sentence bothers me though. If you earn only 4k, they seems to not give you a 4k relief , but only 2k, so in that case you had only the first 2k untaxable.

Those are just deductions, not untaxed. I'm no expert, but I'm pretty sure that's it. Maybe a srebian sees this and explains the situation better.

 

[Salamouna]

Invest it all

 

[Flamemoon]

I wouldn't recommend evade taxes because it is a crime. FInd a good accountant who will be able to cut down your taxes legally.

 

[Willyfish]

Agreed I did that myself a couple of years ago.

How much does it cost to buy an island and create your own banking system?

What was the result of this method?

 

[polecat]

How much does it cost to buy an island and create your own banking system?

What was the result of this method?

Good question I bought it for £200,000 the island.

The Banking system was setup by me a few years ago to allow cheap tax rate on private software for £5000 I would tell you more about it's Polecat country we can only discuss it with other local people of the island we provide Visas to anyone who comes with to the island will ask you a range of questions such as"what's better Indian food or Mexican food?" if you answer wrong you get thrown out of the country

Don't pay any taxes since I am in charge here with the ferrets as the ruling class here

As the result I am the king of the Island and we have our own political system called"Polecat System" in the system we all eat Indian food instead of using guns we use Coconuts as a weapons if you enter into the water we grab our coconuts then throw it on people heads until they retreat the island is full of ferrets where they keep the charge of what goes on in the area.

 

[Willyfish]

Good question I bought it for £200,000 the island.

The Banking system was setup by me a few years ago to allow cheap tax rate on private software for £5000 I would tell you more about it's Polecat country we can only discuss it with other local people of the island we provide Visas to anyone who comes with to the island will ask you a range of questions such as"what's better Indian food or Mexican food?" if you answer wrong you get thrown out of the country

Don't pay any taxes since I am in charge here with the ferrets as the ruling class here

As the result I am the king of the Island and we have our own political system called"Polecat System" in the system we all eat Indian food instead of using guns we use Coconuts as a weapons if you enter into the water we grab our coconuts then throw it on people heads until they retreat the island is full of ferrets where they keep the charge of what goes on in the area.

woow, never heard of such method

 

[polecat]

woow, never heard of such method

Well if you can get enough ferrets you can become ruling fish or so if not sure what to recommend for you to do tax wise

 

[Scorpion Ghost]

How much does it cost to buy an island and create your own banking system?

What was the result of this method?

How much does a gun cost? That's how much

 

[polecat]

Just thinking @Willyfish I do in theory own a few islands over family rights so we will tax all fishes under the fish law you pay 1bitcoin tax per day in the island's water.