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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: relic]
    #26340579 - 11/23/19 03:47 PM (4 years, 2 months ago)

I said you have to receive it.  If it is sitting offshore it's arguably not taxable until you recieve it in the us.


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"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: relic]
    #26340583 - 11/23/19 03:48 PM (4 years, 2 months ago)

Quote:

relic said:


From IRS dot Gov

Quote:



Many United States (U.S.) citizens and resident aliens receive income from foreign sources. There have been recent reports about the interest of the Internal Revenue Service (IRS) in taxpayers with accounts in Liechtenstein. The interest of the IRS, however, extends beyond accounts in Liechtenstein to accounts anywhere in the world. Consequently, the IRS reminds you to report your worldwide income on your U.S. tax return.

If you are a U.S. citizen or resident alien, you must report income from all sources within and outside of the U.S.
This is true whether or not you receive a Form W-2 Wage and Tax Statement,  a Form 1099 (Information Return) or the foreign equivalents.  See Publication 525, Taxable and Nontaxable Income, for more information.

Additionally, if you are a U.S. citizen or resident alien, the rules for filing income, estate and gift tax returns and for paying estimated tax are generally the same whether you are living in the U.S. or abroad.

Hiding Income Offshore

Not reporting income from foreign sources may be a crime.
  The IRS and its international partners are pursuing those who hide income or assets offshore to evade taxes. Specially trained IRS examiners focus on aggressive international tax planning, including the abusive use of entities and structures established in foreign jurisdictions.  The goal is to ensure U.S. citizens and residents are accurately reporting their income and paying the correct tax.
Foreign Financial Accounts

In addition to reporting your worldwide income, you must also report on your U.S. tax return whether you have any foreign bank or investment accounts.  The Bank Secrecy Act requires you to file a Report of Foreign Bank and Financial Accounts (FBAR) (FinCEN Form 114, previously Form TD F 90-22.1),

    You have financial interest in, signature authority, or other authority over one or more accounts in a foreign country, and
    The aggregate value of all foreign financial accounts exceeds $10,000 at any time during the calendar year.










I doubt many people or business do that.


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"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


Edited by Morel Guy (11/23/19 03:50 PM)


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OfflineFalcon91Wolvrn03
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine] * 1
    #26340592 - 11/23/19 03:51 PM (4 years, 2 months ago)

Quote:

Morel Guy said:
Quote:

dreamachine said:
are we really arguing whether or not the elite syphon their money to avoid taxation? lmfao; we know they all do; hell Trump admitted in 2006. (still voted for him, cuz Hillary seemed move evil to me)



Falcon claims it doesn't happen via suggestion



Let's take a step back because you've ran in so many circles you forgot where this started.

I said we should make the capital gains tax higher and more progressive.

Sugabearcrisp said this would cause people to invest overseas.

I said it doesn't matter where they invest, because the money is taxable regardless.

You're saying people could illegally not pay.  Of course I agree, but that has nothing to do with the original argument.  If people are criminals, they won't pay regardless of the rate.


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I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Invisiblerelic
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy] * 1
    #26340594 - 11/23/19 03:51 PM (4 years, 2 months ago)

Quote:

Morel Guy said:
I said you have to receive it.  If it is sitting offshore it's arguably not taxable until you recieve it in the us.





The very first sentence above:

Quote:

Many United States (U.S.) citizens and resident aliens receive income from foreign sources. There have been recent reports about the interest of the Internal Revenue Service (IRS) in taxpayers with accounts in Liechtenstein. The interest of the IRS, however, extends beyond accounts in Liechtenstein to accounts anywhere in the world.




Ok, really out now.

Laterz


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
    #26340595 - 11/23/19 03:52 PM (4 years, 2 months ago)

Look at bitcoin as a current example.

The US cannot generally support the efforts to enforce that entirely.  Look at how much gets past customs.


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"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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OfflineFalcon91Wolvrn03
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
    #26340600 - 11/23/19 03:54 PM (4 years, 2 months ago)

Your argument is that criminals can dodge taxes.  No one is disagreeing.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: relic]
    #26340601 - 11/23/19 03:54 PM (4 years, 2 months ago)

Quote:

relic said:
Quote:

Morel Guy said:
I said you have to receive it.  If it is sitting offshore it's arguably not taxable until you recieve it in the us.





The very first sentence above:

Quote:

any United States (U.S.) citizens and resident aliens receive income from foreign sources. There have been recent reports about the interest of the Internal Revenue Service (IRS) in taxpayers with accounts in Liechtenstein. The interest of the IRS, however, extends beyond accounts in Liechtenstein to accounts anywhere in the world.




Ok, really out now.

Laterz




Yes arguably

We usually only hear of someone with foreign assets in conmected cases.  A divorce case, a other tax problem, drugs.  I do not recall exact details bit they found aome interesting accounts down south from a Russian hacking effort.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: Falcon91Wolvrn03]
    #26340604 - 11/23/19 03:56 PM (4 years, 2 months ago)

Quote:

Falcon91Wolvrn03 said:
Your argument is that criminals can dodge taxes.  No one is disagreeing.





Well ya sure argued about it.

Anyhow 10 grand can still be an offshore account.  But I don't think,the govt generally can know where to look other than your passport.

I'm sure lot's of elites get away with a ton of things.

Anyhow I am not going to be rich enough to do that and if I was I wouldn't need to hide it or invest out country.


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"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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Offlinedreamachine

Registered: 11/17/19
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy] * 1
    #26340615 - 11/23/19 04:01 PM (4 years, 2 months ago)

when do you think we the people are going to remember we're on the same team and that both the democrats, the republicans, and all the politicians and elite in general are our real enemy?


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine]
    #26340619 - 11/23/19 04:03 PM (4 years, 2 months ago)

I don't think that's our enemy.  I find it's mostly ignorance, which I do believe the Republicans are simply the most ignorant.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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Offlinedreamachine

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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy] * 1
    #26340626 - 11/23/19 04:05 PM (4 years, 2 months ago)

Come on man... You really falling for that partisan divide and conquer shit? They're all on the same team. They all go to the same parties. They're actors that are playing WWE. It's professional wrestling. And we the people are paying for it.


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine]
    #26340637 - 11/23/19 04:11 PM (4 years, 2 months ago)

So what is you plan and what is the end result?

We don't have much power nor options.  Most people just do not have those.

I find the best option is secrecy.  Just minding your own business should be the American way.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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Offlinedreamachine

Registered: 11/17/19
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
    #26340664 - 11/23/19 04:25 PM (4 years, 2 months ago)

I agree with that. People should stop spending so much energy on global/national/state issues and focus more on city and county issues and actually spend time improving their own communities; that said we need to reduce the power federal and state law has over individual counties/cities imo.

all that said I think the best thing people could do is to leave the cities, buy cheap land, and move towards self-sustainability. Then once they are self-sustainable or near-self sustainable they can focus their energy on improving their city/town, then when they are satisfied with their local they can put energy into their county; etc. I think too many people put their hope and faith in federal change; top down/trickle down change; both the left and the right do this; focusing on presidential candidates, senators, etc. While I do understand federal policies are important, I think individuals, the people, need to focus on local policies.

it's the old saying, you got to help yourself before you can help anyone else.

so long as the federal and state governments don't overstep their bounds (which they have long ago, and they continue to do so under both republican and democrat support); so I think the only energy the people should really put into federal and state government is to ensure that they do not infringe on city and county government.

but like I said (i'm kinda repeating myself now) I think individuals first need to focus on achieving as much self-sustainability for themselves and their family first; then they can use that to perhaps create their own business and then they can use that to help others in their community as well become independent and on and on; unfortunately most people are broke af, so for this to work families and friends would be wise to pool their resources; but that can be a lot harder said than done. especially for city folk; folks who love the city (except for the rich) will always be prisoners and slaves to the system without any hope of escape from debt and without any promise of becoming financially independent... imo


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OfflineOldnameforgotten
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine] * 1
    #26340671 - 11/23/19 04:31 PM (4 years, 2 months ago)

*starts chanting*

Beeeerniie Beeeernie Beeeeernie!


We need to only vote on politicians who will get money out of politics.

Lobbyists are a plague. Wealthy intervening interests are an aberration. The peoples will MUST be done. If 51 percent of the people in america want the color Pink in starburst to be outlawed then BY GOD we will have NO MORE PINK STARBuRSTS!

DEMOCRACY!!!!


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Offlinedreamachine

Registered: 11/17/19
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Re: The Only Person Who Can Defeat Trump [Re: Oldnameforgotten] * 1
    #26340677 - 11/23/19 04:35 PM (4 years, 2 months ago)

:nojustno:

nah son; voting for representation is not only outdated but is completely broken in today's system. We need to do away with representation and return to a individual democracy where everyone votes on the policies not the politicians.


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine]
    #26340687 - 11/23/19 04:38 PM (4 years, 2 months ago)

That sounds much like XUL.

We don't have land to support 300 million hobby farms.  Not everyone wants to live that lifestyle either.  I've done some goat farming and it's pretty darn difficult.

Yet yep, a small farm will survive a very large family through the worst of depressions.  My Great Grandpa, my mom's mom's Dad, did that and they always had plenty of food.  He also worked a job and did that.

I just don't think that the hippy dream is so easily accomplished.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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Offlinedreamachine

Registered: 11/17/19
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
    #26340706 - 11/23/19 04:46 PM (4 years, 2 months ago)

I agree with you. It won't be easy; and the majority of the population won't even try; but it is possible; here on the big island of Hawaii the land is pretty cheap and super arable; got 6 acres and a run down 2bd/1ba house (squatters got to it before we did) for $59K. albeit it's all jungle and it's gonna be hard to clear land for farming. Luckily there were already avocado and some fruit trees here when we got here. I planted some tomatoes and I've been harvesting them regularly.

I've been lazy and haven't really gone full board into planting, but I plan on doing so soon. lol

and when I really get serious there are chickens, and wild boar all over the place; had some wild chickens at my last place that I was renting at; got some fresh eggs from them; lol


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: dreamachine]
    #26340716 - 11/23/19 04:50 PM (4 years, 2 months ago)

That is a steal.

We paid 53k for my house and it's likely in a lot better shape than yours.  But it's only on less than an acre.

Plus side of being in town is I don't have a car.  I get good city services.

I do wish I had some land and could get growing.  Animals take up to much land to sustain them.  Put I could grow a lot of produce on 6 acres.

You are lucky you can grow avocados and coffee.  I'd poly-crop on that land.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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OfflineMorel Guy
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
    #26340723 - 11/23/19 04:53 PM (4 years, 2 months ago)

If you can raise enough food to feed your people, pay taxes, and fix up the house...that's golden.

Heirloom tomatoes can go for a lot and don't require much space to yield a large amount.  Plus your growing season is extensive.

It's much harder in Ohio to do something like that.  But the Amish do, at least some do.  Almost all have gardens.

Amish either do carpentry or they farm.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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Offlinedreamachine

Registered: 11/17/19
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Re: The Only Person Who Can Defeat Trump [Re: Morel Guy]
    #26340727 - 11/23/19 04:56 PM (4 years, 2 months ago)

Yeah man, Big Island of Hawaii is a secret place most people don't know about, and most who do are too afraid to move here because of the active volcano... lmao

animals don't take up that much land if you are just feeding yourself and your family; I mean on the six acres we got we could probably have a hundred or more chickens if we wanted; and multiple cows and goats and boars; but that might take a while for me to accomplish.

we need to have a car though; our property is miles down a single lane road that turns into a road that is essentially a river bed of rocks; lmao

Terence McKenna had a large property on this island somewhere. Spent his last years here; and his kids grew up here.


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