3 ms·
The people at the very top don't evade taxes. They structure to minimize and evade them. Tax evasion is for those who aren't clever enough - or spendy enough -
by Kalium 8y ago
The people at the very top don't evade taxes. They structure to minimize and evade them. Tax evasion is for those who aren't clever enough - or spendy enough - to do it with the legal tools already available.
The key lies in the awkward distinction between tax evasion and using the tax system to minimize your tax liability. They look pretty damn similar to most people. But they're different in a very important way to the IRS - evasion is illegal and minimization is not.
- smileysteve 8y ago> They look pretty damn similar to most people. And indeed, many of the examples given will likely be settled under audit instead of criminal cases; Wrote off jet skis? Oh, that isn't allowed, but I used them for business meetings, to show clients 1st hand example policies; limited criminal intentionality there.