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Anonymous #1
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How to avoid taxes and conceal wealth 1
#12270010 - 03/25/10 02:14 PM (14 years, 1 month ago) |
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Hypothetically; if someone wanted to cease paying taxes based on principle; what are the essential things to do in such a situation to cover your tracks?
- Receiving all payments in cash
- Make all payments in cash
- transporting offshore in increments of 9999
- Self employment
- opening a fence business
- Never put the money in a US bank
- Do not use credit cards
- Dont buy flashy expensive things, live spartan
Let me know if you know of anything that Im missing.
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Frinkz
Strange




Registered: 02/25/10
Posts: 580
Loc: Yorkshire
Last seen: 13 years, 5 months
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Re: How to avoid taxes and conceal wealth [Re: Anonymous #1]
#12270146 - 03/25/10 02:35 PM (14 years, 1 month ago) |
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- Don't complain when your home burns down, and nobody comes to put it out.
etc. etc.
There's a reason we pay taxes, if you don't want to, live somewhere else?
-------------------- uk grow logs
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Anonymous #1
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Re: How to avoid taxes and conceal wealth [Re: Frinkz]
#12270201 - 03/25/10 02:43 PM (14 years, 1 month ago) |
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Im not interested in reaping the benefits of taxes either. I'll put out my own fires(or better yet NOT START THEM) if you wont bill me, thank you.
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Frinkz
Strange




Registered: 02/25/10
Posts: 580
Loc: Yorkshire
Last seen: 13 years, 5 months
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Re: How to avoid taxes and conceal wealth [Re: Anonymous #1]
#12270341 - 03/25/10 02:58 PM (14 years, 1 month ago) |
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Well, if you are going to go live in the woods with your money, then I take it back 
But I'm assuming you'll be walking along government-funded sidewalks, and on roads, at some point?
Anyway, yeah, your things seem about the right. If everything is in cash, they can't trace it. But then, if your house burns down, you lose all your money too
-------------------- uk grow logs
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Alan Rockefeller
Mycologist


Registered: 03/10/07
Posts: 48,392
Last seen: 2 days, 19 hours
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Re: How to avoid taxes and conceal wealth [Re: Anonymous #1]
#12271383 - 03/25/10 05:40 PM (14 years, 1 month ago) |
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Quote:
transporting offshore in increments of 9999
That will cause a red flag.
Quote:
Don't complain when your home burns down, and nobody comes to put it out.
They will still come to put the fire out even if you don't pay taxes.
The fire department doesn't take a lot of tax money, prisons and cops and the military get a whole lot more.
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Raw
Muslim



Registered: 03/23/10
Posts: 1,419
Loc: USA West Coast
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AR,
You have a fair and balanced argument....
~RAW~
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Stonehenge
Alt Center

Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: How to avoid taxes and conceal wealth [Re: Raw]
#12293543 - 03/29/10 03:14 PM (14 years, 1 month ago) |
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Taking cash out of the country raises no red flags unless it is detected. You can legally take out 10k in cash and another 10k in money orders or the like with no reporting requirements. You can also take out gold coins and i don't believe there are any regs about that or diamonds. If you fly they will probably search you. I think cruise boats are easier to get by with stuff like that.
Why not just declare a small amount each year, pay a minimal amount of taxes and when or if they find you with money, you have a paper trail to point to.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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John
ssdp.org


Registered: 08/08/03
Posts: 7,026
Loc: Vancouver, B.C.
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Re: How to avoid taxes and conceal wealth [Re: Stonehenge]
#12296995 - 03/30/10 02:14 AM (14 years, 1 month ago) |
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Quote:
Stonehenge said: Taking cash out of the country raises no red flags unless it is detected.
Cash is detectable by x-ray and dogs though. I was questioned while crossing a border with $5,000 in cash (didn't tell them about it, they went right for it in my bag) and then further detained because my "money tested positive for cocaine." Was held for about 4 hours by Canadian customs then released when they found nothing they could hold me on.
-------------------- There's a thin line between sanity and insanity... and I just snorted it.
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bchunter
Strangler




Registered: 10/11/08
Posts: 1,374
Loc: Right Behind You
Last seen: 3 years, 2 months
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Re: How to avoid taxes and conceal wealth [Re: John]
#12299801 - 03/30/10 02:32 PM (14 years, 1 month ago) |
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I think if you test most money its going to come up positive for cocaine
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eyedea
Synaesthesiologist


Registered: 09/24/09
Posts: 563
Loc: The Central Scrutinizer
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Re: How to avoid taxes and conceal wealth [Re: John]
#12301411 - 03/30/10 07:12 PM (14 years, 1 month ago) |
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Quote:
John said:
Quote:
Stonehenge said: Taking cash out of the country raises no red flags unless it is detected.
Cash is detectable by x-ray and dogs though. I was questioned while crossing a border with $5,000 in cash (didn't tell them about it, they went right for it in my bag) and then further detained because my "money tested positive for cocaine." Was held for about 4 hours by Canadian customs then released when they found nothing they could hold me on.
I can't believe that. That really sucks.
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Alan Rockefeller
Mycologist


Registered: 03/10/07
Posts: 48,392
Last seen: 2 days, 19 hours
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Re: How to avoid taxes and conceal wealth [Re: eyedea]
#12301531 - 03/30/10 07:31 PM (14 years, 1 month ago) |
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Quote:
I can't believe that. That really sucks.
I can believe that. Cash is illegal in large amounts, almost. The police will take it, and you have to sue them to get it back. Since its civil court you have to prove that you are innocent, instead of them having to prove that you are guilty. In order to even contest it you have to put up 10%.
John is lucky that it wasn't more...
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iluvfungi


Registered: 06/17/09
Posts: 1,488
Loc: Oakland, CA USA
Last seen: 13 years, 7 days
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I heard you can not pay taxes if you file except on each tax return. It's just if you don't pay your taxes without doing so have fun with the jail time.
That is supposedly how they caught X, local friend of the family. They busted him for not paying taxes on X year he did not file except. I'm not sure what the real deal is, nor do I really care.
You can obtain an almost unlimited amount of cash of the stock market by day trading one stock a day, earning .20-.30 cents on a stock that costs $10~$12 with $10,000 bucks, earning $200 or so a day, compounded 260 times. You would have to be a moron to not be able to look at the stock market, see today is a shitty day, short sell on that day (well look at the stock first, duh) or the stock market is good that day, and everything is up 2-5% just about.
So how much is that in a year? day one $10,200, day two $10,404, day three $10,601.218 and so on...
Oh but you can't be a wimp #1, and you have to have raw instinct #2. Most people on this planet have neither.
Why don't you make a Cash only business like the other scumbags that steal from this Country? I love when those places close down and they have to go back to their Country.
Your morons. You make millions, billions of dollars a year and pay $0 in taxes if you have multiple businesses that take losses for the ones that profit.
Oh yah, but you wouldn't know anything about how it is done on the entrepreneur side because you are a low life scum dirt bag.
Edited by iluvfungi (03/30/10 11:08 PM)
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AsAboveSoBelow
The matrix has you


Registered: 02/06/08
Posts: 2,515
Last seen: 12 years, 7 months
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Re: How to avoid taxes and conceal wealth [Re: John]
#12302816 - 03/30/10 11:16 PM (14 years, 1 month ago) |
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Quote:
John said:
Quote:
Stonehenge said: Taking cash out of the country raises no red flags unless it is detected.
Cash is detectable by x-ray and dogs though. I was questioned while crossing a border with $5,000 in cash (didn't tell them about it, they went right for it in my bag) and then further detained because my "money tested positive for cocaine." Was held for about 4 hours by Canadian customs then released when they found nothing they could hold me on.
hah, what a joke. Theres a news article somewhere on this site that says 80% of the money supply is tainted with coke. It may have been more than 80% I dunno
--------------------
You're gonna get hurt real bad They that sow the wind, shall reap the whirlwind
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Stonehenge
Alt Center

Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: How to avoid taxes and conceal wealth [Re: AsAboveSoBelow] 1
#12304324 - 03/31/10 09:33 AM (14 years, 1 month ago) |
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Having large amounts of cash is not illegal. However, they have all these bullshit laws that obama just extended which make it a "money laundering" crime to withdraw or deposit money in amounts under 10k to avoid the reporting requirements. You must submit a form if the deposit or withdrawal is over 10k. They charged limbaugh for making withdrawals from his bank account which totalled over 10k over a period of time. What a fukin joke that was. No matter if you hate limbaugh you have to question a federal felony for withdrawing your own money out of the bank.
You are allowed up to 10k in cash and 10k in negotiable instruments taken over the border. Amounts larger than that are allowed but must be reported. Carry it on your person and they won't xray it, hopefully. This is becoming a fascist country really fast. Fascist and socialist are becoming the same.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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pothead_bob
Resident Pothead


Registered: 04/12/08
Posts: 1,811
Loc: Your computer screen
Last seen: 4 years, 1 month
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Re: How to avoid taxes and conceal wealth [Re: iluvfungi]
#12304827 - 03/31/10 11:13 AM (14 years, 1 month ago) |
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Quote:
You can obtain an almost unlimited amount of cash of the stock market by day trading one stock a day, earning .20-.30 cents on a stock that costs $10~$12 with $10,000 bucks, earning $200 or so a day, compounded 260 times. You would have to be a moron to not be able to look at the stock market, see today is a shitty day, short sell on that day (well look at the stock first, duh) or the stock market is good that day, and everything is up 2-5% just about.
No shit? It's really that easy?
-------------------- No knowledge can be certain, if it is not based upon mathematics or upon some other knowledge which is itself based upon the mathematical sciences. -Leonardo da Vinci (1425-1519) Speak well of your enemies. After all, you made them.
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Alan Rockefeller
Mycologist


Registered: 03/10/07
Posts: 48,392
Last seen: 2 days, 19 hours
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Re: How to avoid taxes and conceal wealth [Re: Stonehenge]
#12304948 - 03/31/10 11:34 AM (14 years, 1 month ago) |
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Quote:
Having large amounts of cash is not illegal.
True. But if they find you driving around with your life savings, they will take it and you won't be getting it back.
Quote:
No shit? It's really that easy?
Yes. Tons of douchebags make their money from the stock market.
I have an online trading account, I can buy and stocks just by logging into a website. Its been frozen for a couple years because I didn't give them my real address, which is required by the SEC. Apparently if you trade stocks they want to know where you live.
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fastfred
Old Hand



Registered: 05/17/04
Posts: 6,899
Loc: Dark side of the moon
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Re: How to avoid taxes and conceal wealth [Re: pothead_bob] 1
#12305288 - 03/31/10 12:24 PM (14 years, 1 month ago) |
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Too bad most day traders lose money rather than make it.
Laundering the money isn't going to help you tax-wise, in fact it's the exact opposite.
Just figure out your taxes and always report the maximum amount for which you don't have to pay taxes on. Then you'll actually usually be getting money back from the government.
This year if you reported $7,000 in HSH or misc income (even if you didn't actually make that much money) you would get about $850 back from the gov. All that for paying no taxes at all!
If you did have legit income just figure out how much you can report without paying and report that. If it's on W-2's then you need to report those numbers.
One thing you can do to avoid taxes is get paid as an independent contractor/consultant on a 1099 form from your employer. Then they don't have to pay your SS/FICA, etc. You can also then deduct expenses for your "business". It's basically like being paid under the table, except it's reported and you claim expenses against it on your schedule C.
Otherwise just work for cash, keep your money in cash, and pay with cash. If you report just enough income on your taxes you'll have enough legit income to cover titled things like cars, houses, and boats.
Always get loans for those items. You can always come up with an excuse about how you paid for a monthly payment, but you can't explain if you buy a $10,000 car with cash.
-FF
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