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Planning to not pay tax.

Discussion in 'BlackHat Lounge' started by SeoNuuby, Oct 29, 2012.

  1. SeoNuuby

    SeoNuuby BANNED BANNED

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    .............
     
    Last edited: Oct 29, 2012
  2. TimeMachine

    TimeMachine Junior Member

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    Visit the IRS website, use a vpn.
     
  3. BigFatWallet

    BigFatWallet Power Member

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    Don't pay but do come back and tell us how the experience was when you get back from jail. :eek:
     
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  4. LakeForest

    LakeForest Supreme Member

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    Thanks for the laugh OP, good troll thread.
     
  5. SeoNuuby

    SeoNuuby BANNED BANNED

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    ...........
     
  6. ShredtheGnar

    ShredtheGnar Newbie

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    I lived in Grand Cayman for a year when I was 19. The Cayman Islands do not have tax, none, nada, zip, zilch. There is no sales tax, no income tax, if you make $1600 you bring home $1600. You can form an LLC with an a postal box address from Grand Cayman so it is a Cayman Islands LLC. It is completely legal and plenty of Americans do it.
     
  7. BladeMcCool

    BladeMcCool Newbie

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    I think if your cashflow is not attached to your government issued slave id then you should fly under their radar. But anything that touches your bank account that was opened with SSN/SIN number will probably be pinned on you. You can do things like have a paypal account that is not attached to your bank account or anything else. You can move funds into precious metals via cash or paypal. You can also hold bitcoins that were bought with cash and not linked to your government issued identity. But I hear the Cayman Islands LLC is really the best way to go.
     
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  8. closedCaption

    closedCaption Regular Member

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    Oki, I really don't understand few things...first thing I don't understand is why people open same threads in pairs, for example, this is second or third thread with tax evasion as topic in last week or so.

    Second, what is all the fuss about taxes? Do you know that you can get royally raped in your tiny hole by the government if they find out? Al Capone managed to massacre people and get away with it, to be finally caught for dodging taxes.

    Solution for tax payments can be simplified to two choices: either you don't earn enough money and you pay taxes (absolutely makes no sense to land in jail for 10k USD), or you earn enough money that you can, at first opportunity, buy a ticket, fly to Singapore/Hong Kong and open LLC which will shield you from majority of taxes in your county of origin.
     
  9. Roparadise

    Roparadise BANNED BANNED

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    Not paying taxes doesn't automatically mean tax evasion. If you set up the right paperwork in the right countries and have your income set up in the right manner you can basically get out of taxes.
     
  10. zebrahat

    zebrahat Elite Member

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    Enough with the fear rhetoric, over 65 million earners a year don't even file, and only 2200/yr are convicted of 'tax evasion,' so very few people, in fact, are actually getting inevitably jailed for standing up for themselves. For many of us who are supportive of the tax honesty approach, 'the fuss' is over our not tolerating a system that presumes liability or jurisdiction over us that it doesn't have. If you live in Miami, and get a letter from Seattle's taxing authority saying 'you owe, now pay up,' will you pay up? But wait a minute, if you never lived there, or transacted there, how do you 'owe Seattle' anything, and how are you under their authority? Are you going to just pay taxes you don't owe and act like you are from Seattle, or are you going to object, and stand your ground? Will you relent to be 'royally raped' of your property, or will you grow a pair?

    That's what the fuss is all about. Most people in America are not required to file or pay income taxes, but the thugs at the tax gestapo routinely misapply the tax code to them anyway. Rejecting the tax slavery regime is not 'tax evasion,' but lawfully objecting to its erroneous or fraudulent misapplication. The path of least resistance, that happens to keep the conflict at a minimum level, is to rely on tactical methods that involve disassociating one's financial activity from the SSN/slave number, keeping oneself judgment proof, demanding the IRS actually prove (instead of presume) their assessments are correct or jurisdiction is valid, etc. The simplest approach for IMers is to use offshore addresses and entities, stealth or pseudonym identities and the like, and be diversified enough in these actions as to not have their financial privacy easily compromised. I.e., choose to live free, and not as tax slaves.
     
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    Last edited: Oct 30, 2012
  11. closedCaption

    closedCaption Regular Member

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    You know, it is easy to be rebellious when shit doesn't hit the fan. When shit hits the fan, 99.9% change their mind. It is easy to be brave until you get into that happy population of 2200. And IRS or similar authority is not stupid mind you: they know well when it pays off to react.
    IMO it all boggles down to priorities: I would rather pay 40% of taxes to superficial authority than to have even a slightest chance of ending up in jail. However, I keep important thing in my mind, and that is to create and execute the exit strategy that we both agree upon (offshore entity).

     
  12. dubious

    dubious Regular Member

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  13. La_Valette

    La_Valette Newbie

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    Well those Americans are breaking the law if they're making over $90k or so a year. America taxes its citizens wherever they may be worldwide, unlike other countries. You just get a $90k exemption + ability to deduct any local income tax if overseas. You have to file with the IRS back in the USA every year.

    The same goes for all the posters talking about getting out of taxes via some kind of offshore entity. That strategy works for the citizens of many countries, but not those of the USA. The US has controlled foreign corporation laws in place to take care of that. If you're an American overseas running a foreign corporation your life will be a nightmare of taxes, paperwork, and expensive international accountants.
     
    Last edited: Nov 1, 2012
  14. zebrahat

    zebrahat Elite Member

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    'Americans' and 'US citizens' mean different things in the law. The actual statutes define those subject to the US tax code as a "US citizen" or US Person who "conduct a trade or business in the US." Those words of art are in turn statutorily defined as those who are FEDERAL workers who are domiciled in Washington, DC or federal territories. Those Americans who do not meet those criteria (AKA, most Americans) are NOT subject to the tax provisions, including those regarding the offshore activity above mentioned.

    While the IRS may misapply their control or authority to everybody anyway, disregarding such abuse is NOT breaking the law. Again, the path of least resistance is to use entities or pseudonyms to conduct activity such that the misapplication doesn't become an issue in the first place.
     
  15. closedCaption

    closedCaption Regular Member

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    In my posts I was talking about general idea, and haven't focus on one country (USA in this example).

    However, I know there are certain ways US citizens can run offshore corporations without having trouble with domicile tax authorities.

     
  16. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP Premium Member

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  17. Roparadise

    Roparadise BANNED BANNED

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    1. You just need a foreign manager to run the company,while you own the shares.
    2. You don't need to worry about expensive accountants,thats what software is for.
     
  18. La_Valette

    La_Valette Newbie

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    1. You have to declare the indirect ownership to the IRS. They thought of this the first day they thought of taxing foreign corporations. The only way to get around it is to give ownership to a person you really trust, like your spouse, but if that spouse decides to quit on you, you're pretty much screwed.

    2. The controlled foreign corporation laws are so complicated that even the best accountants get them wrong. Never saw any software that could reduce those to layman level questionnaires. This isn't something Turbotax can handle you know.

    Disclaimer: I'm not a tax expert and this is not tax advice.
     
  19. kappa84

    kappa84 Power Member

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    If you get caught you pay it, you don't do jail i guess lol.
     
  20. meannn

    meannn Supreme Member

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    If you use switzerland bank, and spend money with their card, no one knows how much money you have, how do you earn your money.

    End of the story.