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If the US seeks to find out which Americans are involved in tax fraud, it will, ipso facto, target the wealthy ones along with the rest.
by mannykannot 5y ago
If the US seeks to find out which Americans are involved in tax fraud, it will, ipso facto, target the wealthy ones along with the rest.
- koolba 5y agoI’d expect the larger the fraud, the more likely for them to be wealthy. It likely tapers off as I don’t expect Bezos to risk jail time to save a few bucks, but I’d bet you’ll have more at the single and double digit millionaire than say the sub $100K net worth.
- Swizec 5y agoRumor has it a low 7-figure business is most likely to get audited. Big enough to be worth it, small enough to be shady.
- fighterpilot 5y agoIt's easier to hide when you only have 3 or 4 employees, can do all the books yourself and deal in cash. A bit harder (but still possible) when you have 200 employees and a CFO, more people need to be on board with the fraud.