Anyway Not To Pay Taxes
- Thread starter dragonrage01
- Start date
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
- 15,677
- 46,846
Tax evasion is illegal OP.
Look up Tax avoidance.
Your accountant should already be advising you of what schemes are suitable for you.
Especially as you state you paid $100K already this year.
I doubt you will receive better advice on an IM forum than the advice your accountant can give you.
When I have toothache I see a Dentist.
When I feel sick I see a Doctor.
When I want financial planning advice I come to BHW?
Look up Tax avoidance.
Your accountant should already be advising you of what schemes are suitable for you.
Especially as you state you paid $100K already this year.
I doubt you will receive better advice on an IM forum than the advice your accountant can give you.
When I have toothache I see a Dentist.
When I feel sick I see a Doctor.
When I want financial planning advice I come to BHW?
dragonrage01
Power Member
- May 19, 2011
- 674
- 159
It is better to have multiple sources or multiple ideas/choices to solve a problem.
My accountant may have the knowledge but some people already have the experience.
MasterMillionaire
Junior Member
- Jun 23, 2013
- 118
- 52
Did you looked at payoneer solution ? these cards and accounts dont really submit info to IRS And is quite safe for that to bypass taxes
Duffers5000
Elite Member
- Apr 1, 2012
- 2,477
- 7,772
First off I would question how good your accountant is.
why are you paying 100K in tax ? You obviously earn a lot of money are you not incorporated or are you paying that tax personally ?
If you are earning that kind of money you should be growing your business and reinvesting all profits back into the company. Only publcally listed companies need to show big profits, thats what fuels their share prices. Any other well run company should be showing minimal yearly profits after reinvestment.
Accountants are like solicitors. They just want to sign off on what you hand them and be legal. Its not really their job to be coming up with creative ways of saving money. Its your job to find ways to reinvest back into your company and suggest it to them to see if they concur that its a legitimate thing to do.
why are you paying 100K in tax ? You obviously earn a lot of money are you not incorporated or are you paying that tax personally ?
If you are earning that kind of money you should be growing your business and reinvesting all profits back into the company. Only publcally listed companies need to show big profits, thats what fuels their share prices. Any other well run company should be showing minimal yearly profits after reinvestment.
Accountants are like solicitors. They just want to sign off on what you hand them and be legal. Its not really their job to be coming up with creative ways of saving money. Its your job to find ways to reinvest back into your company and suggest it to them to see if they concur that its a legitimate thing to do.
IMpossible
Supreme Member
- Apr 15, 2012
- 1,344
- 304
Pay them, otherwise two things will await you:
1. All the "unpaid" tax from the past years which you didn't pay have to be paid back.
2. After that you will get some serious jail time.
Think about it. Don't mess with governments. They can put your lights off within a day.
1. All the "unpaid" tax from the past years which you didn't pay have to be paid back.
2. After that you will get some serious jail time.
Think about it. Don't mess with governments. They can put your lights off within a day.
west13
Junior Member
- May 31, 2012
- 173
- 64
The goverments all over the world should get they're shit together and be more efficient. Like what the fk, you work hard for your money and you see everyday that your taxes are going to some corupt people and into theyr pockets. Yeah Right Good Luck paying taxes knowing this shit!
Why the fuck are those greedy assholes so fucking greedy and instead of getting a 10% max "commision" they end up sucking 90% of the taxes with coruption and pure stealling.
Edit.
Were I live we had billions of $ paid for projects but no highways. Every year there are some serious $$$$$$$$$$ paid to make plans but never actually build anything. This world is a corupt motherfucker and our society is so shit.
Why the fuck are those greedy assholes so fucking greedy and instead of getting a 10% max "commision" they end up sucking 90% of the taxes with coruption and pure stealling.
Edit.
Were I live we had billions of $ paid for projects but no highways. Every year there are some serious $$$$$$$$$$ paid to make plans but never actually build anything. This world is a corupt motherfucker and our society is so shit.
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bluehatface
Regular Member
- Oct 19, 2013
- 290
- 125
Can you not ask your accountant for things you can invest the 100k in? There must surely be property or something you can buy and write it off as a business expense so you have less taxable income?
islandman1010
Elite Member
- May 10, 2008
- 2,221
- 587
Don't bother with Switzerland...they have signed agreements now with all the EU countries to reveal details.
1337python
Regular Member
- Jun 18, 2013
- 395
- 239
What really bothers me in this thread all the people saying "pay your taxes and you'll be safe" what about thinking outside the box, isn't that's what IM is all about? For example in Lithuania, you basically have to give up 60% of your earnings if you are a company and if you go solo you still have to pay about 30% of your income. Which is bullsh*t
In my eyes you're all just a bunch of white sheep and are afraid to search of new ways to game the system.
In my eyes you're all just a bunch of white sheep and are afraid to search of new ways to game the system.
"game the system"
this isn't like defrauding some little cpa company where they'll simply delete your account. UK/USA when you get caught....you'll be ruined. WHEN not if. THE EU/USA put enormous resources into this.
You confuse B.H. I.M. with tax avoidance......go fish kid. |Not in the same league.
No in some country like Lithuania it's probably a lot easier to do it. But what you are talking about is tax reduction not tax avoidance and any good accountant will help you.
this isn't like defrauding some little cpa company where they'll simply delete your account. UK/USA when you get caught....you'll be ruined. WHEN not if. THE EU/USA put enormous resources into this.
You confuse B.H. I.M. with tax avoidance......go fish kid. |Not in the same league.
No in some country like Lithuania it's probably a lot easier to do it. But what you are talking about is tax reduction not tax avoidance and any good accountant will help you.
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- Mar 21, 2013
- 24,833
- 31,592
My friend, this question has been *the question* since the year 1000 BC
Setting up offshore companies, banks accounts etc....that was about 20+ years ago and has long been closed off. You might get away with it for a few years.....but when you get caught out....they are going to make an example out of you.
Rather go and play Russian Roulette
Rather go and play Russian Roulette
- Feb 27, 2009
- 3,219
- 4,935
Most of what you mentioned is funded through state taxes with the exception of some subsidies, and infrastructure (seriously have you read anything about our infrastructure?). Most of federal taxes go towards defense, medicaid, medicare, Social Security and safety net programs. Don't be getting all pro America until you research our tax system. It is a total piece of shit that is extremely unfair (top 15% pays the majority of the taxes which should worry anyone here who makes money). On top of that I don't like paying my hard earned money to bomb remote villages in Pakistan that kill women and children.
I pay my taxes every year, but man do I hate writing that check.
islandman1010
Elite Member
- May 10, 2008
- 2,221
- 587
But if we all avoid paying taxes how the heck will we be able to buy the bombs to go and bomb somebody else with....