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I get that taxes are one of the few certainties of life, but this article makes me think of yesterdays "how to hide $400m" article about tax sheltering and offs
by digler999 10y ago
I get that taxes are one of the few certainties of life, but this article makes me think of yesterdays "how to hide $400m" article about tax sheltering and offshore incorporation.
I wish there were a way to ruin tax sheltering for the wealthy by finding out the exact formula for what they're doing (say register a business in the Cook Islands ), then commoditizing that via an online service (like Wordpress does for websites), and using bitcoin. Now the masses can pay $29.95 to have a VPS on the Cook Islands, set up their bitcoin wallet on it, and have their own little tax-exempt haven.
Try to structure the system the exact same way the rich people do it, so that authorities necessarily have to shut down the rich at the same time.
- soggypretzels 10y agoMaking legal tax evasion accessible to the masses may be the only way to get the government to close those loopholes.
- PKop 10y agoSimplify the law, remove sheltering opportunities/loopholes, and lower rates? Lower them to a point at which it isn't worth the cost to shield, and get more out of them than what we are losing to the sheltering.