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(MSN)   "Thus began an investigation into ...one of the largest potential US tax frauds, that weaves together a cooperating witness, a prominent private equity billionaire and a wealthy Texan with a penchant for privacy, code names and offshore investments"   (msn.com) divider line
    More: Interesting, Tax, Robert T. Brockman, Taxation in the United States, Tax haven, Tax avoidance and tax evasion, Evatt Tamine, U.S. prosecutors, home of a tax lawyer  
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1758 clicks; posted to Business » on 02 Oct 2020 at 12:18 PM (16 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



17 Comments     (+0 »)
 
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2020-10-02 12:50:49 PM  
"legitimate tax avoidance methods"

That's a phrase that always makes me laugh, as it comes across as farking despicable but someone got paid off to put some legal bullshiat on the books [until such loopholes get closed]. Not to threadshiat, but games like that applied also to times when it was "legal" to beat and rape your wife making it "legitimate sexual assault methods."
 
2020-10-02 1:44:43 PM  
nme.comView Full Size


Never did like Brockman.
 
2020-10-02 2:06:36 PM  

Mr_Vimes: "legitimate tax avoidance methods"

That's a phrase that always makes me laugh, as it comes across as farking despicable but someone got paid off to put some legal bullshiat on the books [until such loopholes get closed]. Not to threadshiat, but games like that applied also to times when it was "legal" to beat and rape your wife making it "legitimate sexual assault methods."


Know what's even better (frightening/maddening also work) - a legitimate tax avoidance strategy is to have complex taxes, get audited, let them find some items (but not all) and convince the auditor to agree to not reopening that year or previous years in future audits. Yeah, you may pay a million in fines, but if you've done it right, you come out many years ahead.

IRS auditors are overworked and under paid. Their compensation should include a formula for the amount of money they recover/collect for the government, similar to whistleblowers. Would you rather become a senior auditor at the IRS or a partner in a tax practicing law firm? If you do it right, they could be equally compensated.
 
2020-10-02 2:10:08 PM  
My tax avoision scheme has been working pretty well for me so far. I am able to escape things like capital gains taxes by not having any investment income, and I don't have to pay the high tax rates of upper income brackets by successfully remaining in a lower one.

HAH! And they say the system doesn't work for the little guy!
 
2020-10-02 2:33:41 PM  
It really is hilarious that people are dumb enough to think an app could make untracable calls


The concept does not exist. When the feds tell the phone company to give up your activity, its at a level a stupid app cant do anything about
 
2020-10-02 2:39:49 PM  

Mr_Vimes: "legitimate tax avoidance methods"


Anyone who ever bought a used car and then told the DMV they bought it for $1 from a friend/relative gets to shut up about Trump's taxes.
 
2020-10-02 2:51:17 PM  

lifeslammer: It really is hilarious that people are dumb enough to think an app could make untracable calls


The concept does not exist. When the feds tell the phone company to give up your activity, its at a level a stupid app cant do anything about


The feds are unlikely to follow any farker connecting through Tor (no idea if tor can handle phone latency, probably not).  But if you are as high profile as this guy, yeah.  Its impossible.  And if its an app that he's heard of, it is probably bugged by the NSA, FBI, Chinese Intelligence, that Chinese Investor he is directly competing with on several deals, and a few other places he hasn't thought of.
 
2020-10-02 2:59:05 PM  

lifeslammer: It really is hilarious that people are dumb enough to think an app could make untracable calls


Would do better just buying a burner phone for this type of thing.
 
2020-10-02 3:04:08 PM  

mrmopar5287: Mr_Vimes: "legitimate tax avoidance methods"

Anyone who ever bought a used car and then told the DMV they bought it for $1 from a friend/relative gets to shut up about Trump's taxes.


BOTH SIDES!
 
2020-10-02 3:49:07 PM  

mrmopar5287: Mr_Vimes: "legitimate tax avoidance methods"

Anyone who ever bought a used car and then told the DMV they bought it for $1 from a friend/relative gets to shut up about Trump's taxes.


Do you mean that I shouldn't have told them that I got the Bugatti for $1?
 
2020-10-02 4:02:19 PM  

mrmopar5287: Mr_Vimes: "legitimate tax avoidance methods"

Anyone who ever bought a used car and then told the DMV they bought it for $1 from a friend/relative gets to shut up about Trump's taxes.


lol at buying used cars. Gross. People fart in those seats. Used cars are for poor people.
 
2020-10-02 4:04:39 PM  
Nationalize all the companies and outlaw private property.  Problem solved.  You can't avoid taxes if you don't own things.
 
2020-10-02 4:09:57 PM  

WhiskeySticks: mrmopar5287: Mr_Vimes: "legitimate tax avoidance methods"

Anyone who ever bought a used car and then told the DMV they bought it for $1 from a friend/relative gets to shut up about Trump's taxes.

lol at buying used cars. Gross. People fart in those seats. Used cars are for poor people.


If the clerk at the DMV had $1 for every time they asked someone what they paid for the car and got told $1, they could retire already.

My state even set a minimum motor vehicle tax for this reason. It was $25 or something like that years ago, but might be raised lately because our state is broke.

I registered my car to a LLC in Montana to skip the state, county, and city sales taxes.
 
2020-10-02 4:21:30 PM  

Al Tsheimers: Do you mean that I shouldn't have told them that I got the Bugatti for $1?


No, not at all. Feel free to do that. Taxes upon titling the vehicle are as follows:

Fark user imageView Full Size
 
2020-10-02 7:12:00 PM  
I used to work for Robert T. Brockman. He's a Rush Limbaugh devotee and an evil prick. I hope he dies in prison.
 
2020-10-02 9:15:52 PM  
i.imgur.comView Full Size

Oblig
 
2020-10-02 10:29:53 PM  
You guys honestly don't know how happy this makes me. This is at the same level of schadenfreude for me as Trump getting coronavirus.
 
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