4 ms·
If Corporates can offshore their IP I should be able to offshore my likeness and rent it back to myself to reduce my personal taxes.
by siliconc0w 8mo ago
If Corporates can offshore their IP I should be able to offshore my likeness and rent it back to myself to reduce my personal taxes.
- jedberg 8mo agoYou can. It would just cost you so much in legal to not be worth it. The reason it's worth it for these companies is because the number of zeroes involved. The legal costs are a rounding error for them.
- monster_truck 8mo agoAlso true for just not paying taxes at all. The number of times I have had people tell me that they just let it float for years so they can settle up for a fraction later is unbelievable.
- cheriot 8mo agoThat sounds off. There's specific situations where the IRS will settle for less than the amount owed and they're not pleasant.
- nzeid 8mo agoWhat? You have to demonstrate financial hardship or risk getting convicted.
- mothballed 8mo agoThe people that get convicted seems to be either rich people blatantly evading taxes or people that write entire books about not paying taxes. Last I looked at the data for a normal person to get convicted just for running late on payments you basically have to tell the IRS to go fuck themselves and then brag about it publicly and stir up enough people they have to make an example out of you so no one else gets ideas. I'm sure there's odd other examples but they seem to be rare. By and large the IRS wants to squeeze you for what they can get, not burn up a bunch of public resources convicting people and hindering their ability to earn more money for the IRS.
- cylemons 8mo agoThey don't fine people for late payment?
- monster_truck 8mo agoLike they said, you have to be _blatant_ to get rung up. There are any number of life events you could use as reasonable cause to avoid the fines entirely and get a favorible payment plan.
- mothballed 8mo agoWas thinking of criminal convictions in relation to "convicted", not fines
- monster_truck 8mo agoNo, no you do not. If and when they finally realize it's been 12 years since you've filed, you might finally get that letter one day. Good odds they're gonna be extremely wrong about what you owe. Let them be
- eikenberry 8mo agoI know people who didn't pay taxes at all for years and the IRS came after them them several times (put them on payment plans that they didn't pay) before giving up. They now call us chumps for paying taxes. It is pretty absurd.
- kylehotchkiss 8mo agothat's some sovereign citizen thinking right there, don't get your car window smashed in when you get pulled over for your diplomat plate :D
- RobotToaster 8mo agoDidn't Stephen Colbert claim he was an actor playing the character Stephen Colbert as some kind of tax dodge?
- conception 8mo agoWhat else would you describe him as doing?