Tax Evasion - The Rich Already Know How
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by Dr. Badd
I was going to wait to publish this article until I did a full month's research, but since the new info on "tax evasion" came out in The Fieldist, I decided mine needed published.
I have done some research on tax evasion since there have been many articles coming out in the last two months on how to do it. What I found ......
THE RICH KNOW HOW TO PLAY
If you would like to see what I'm talking about, please take a look at this....The List
(*Please note that depending on the other offers, this might not be the last page of the list. Move to the highest numbered page to see the most laundering.)
Based on my research over the last two months, the following have been on this list:
Ex-Presidents and other Governmental Offices
Congress People
Political Party leadership
ERX Board Members and managers
Bank owners/managers
High Profile/ Influential People of the eUS
While reading this list, please keep in mind that there are actually some GOOD reasons for this. Governmental programs, nonprofits, milita/military are examples.
BUTT!!!
The organizations were still around at the time of my research, so if an actually person was listed, it was probably not kosher.
THERE'S SOMETHING SHADY HERE!
For the people in control of the Government to try to control tax evasion (aka money laundering thru the money market) with the raising of the minimum wage as a way to stop it, I say the answer is....
NOPE!!!!
If you think additional 7-8 dollars/hour, even spread over all the work hours will be a large enough stopping force, you are looking at the wrong problem. It will not stop the non-taxing of hundreds (and sometimes thousands) of dollars of some of the highest valued people in the eUS, it will make it harder for the domestic companies to make money, and in the long run, drive up all the costs.
Thank you for reading!
Joseph
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Comments
but.. if it's just taking legal advantage of game mechanics, it's not cheating..
and to tell the general populace "buy domestic!" and of course "play fair, pay taxes!" and then not doing these things.. this makes the rich richer and the poor poorer. oh, wait, same in game as in RL? of course, because the same personality types are at work in both places. eRepublik just gives these kids a little training ground before they become real businessmen and politicians.
game over, the cheaters and jerks won.
😁^ What he said.
Yeah, but what about just lowering taxes, therefore having less tax evasion?
Call me uneducated, but what do the high dollar/gold offers indicate?
Also is there a reason for them to be there?
For example do they help to prop up the exchange rate?
@Nathan. No, they are strictly money laundering transactions. By offering 0.01 gold for a large sum, say 500 USD, a citizen can move an unlimited amount of USD from their company/org account & bypass taxation.
They simply have to log onto their company/org account & complete the offer that no one else would take. That moves the tiny amount of gold to their org & the USD is moved into their citizen account tax free.
It only works because the citizen is on both ends of the transaction. Anyone else who forks over 500 USD for 0.01 gold is not thinking clearly about the transaction.
What's your point?
Some of the big kids still pay their taxes but do it the smart way by "donating" their dollars to various charities or institutions to gain more favourable recognition. Paying taxes regularly and anonymously does nothing to further one's reputation and political agenda.
You forgot to list: 'Everyone who knows how to run a company effectively'. And it's not 'The Rich already know how', it's 'everyone except newbies already know how.' I'm virtually destitute and I know how.
No one tells the general populace to 'play fair' or 'pay taxes'. I'd like to see one example of actual hypocrisy. I.E., who has done this while at the same time telling others not to.
The only people saying 'don't do this' are those who are voluntarily crippling themselves and expecting everyone else to do the same. Any implication otherwise is devoid of rational support.
Hey, EVERYONE! There's a tax-loophole and the only people that don't exploit it are people that don't know how.
The problem with Custards 'the rich get rich and the poor get poorer' argument is that there's nothing stopping the poor or anyone else from doing this.
But, of course, the only people being badgered for doing this are people that are convenient political targets.
This whole thing is a witch-hunt and a strawman designed to prey on the average American's paranoia.
If you're going to play a game according to your particular moral code, don't get all shocked when you're the only one playing by the rules you've imposed on everyone else.
@ Plug - that's why I said that there are "GOOD" reasons that this is done
@ Nicholas Ryan - 1. No political targets as I couldn't care less...so "witch-hunt"? I lol'd.
2. Everyone I know, knows how to do it
3. They want to raise the taxes or limit the options for taxes on the people that don't use the "loop-hole", so they get to pay even more
4. People (we call them the government) do act like it's "American" to pay our taxes - so since you don't, does that make you un-American?
Glad you saw that Joseph. There are two classes of players here and it has less to do with honesty than simply knowing how to play the game.
The two-clicking, ta😜aying cattle feed the interests of the upwardly mobile and power-entrenched. People who belong to a state military and receive funding are merely benefiting from those less able to work the system. This is a good thing, since these people won't stick around very long, so any investment in their rank and skills won't be good in the long run.
Taxes can be seen as a way to recover funds from citizens that will eventually die off.
btw, I don't belong to a military org so I am advocating for a 1% income tax. If I were smarter, I'd join the CAF and accept the pernicious system.
@Plugson - I agree on all accounts. I just wanted to put it out there for everyone...
@Nicolas Ryan
100% correct. I'm not in government and I'm not rich or powerful. I tax evade. It's called intelligence. Some have it, some don't.
"Ex-Presidents and other Governmental Offices
Congress People
Political Party leadership
ERX Board Members and managers
Bank owners/managers
High Profile/ Influential People of the eUS"
Sounds like a witch hunt to me. You mentioned them why, then? Incidentally? Why did you fail to mention that there are over a hundred offers of this kind on the market, even now and that many of them have no discernible connection to any of these groups?
I've never seen anyone scold anyone for not paying taxes they could easily avoid, except you, nor act as if it were 'American' to pay taxes. The people included in those you pointed out are no more able to evade taxes than anyone else and I've yet to see any of them arguing people should do otherwise. Yours seems to be an argument against an assumption that you just aren't backing up.
Sorry, this just sounds like more 'RENT IS TOO DAMN HIGH SO WE SHOULD BLINDLY SLASH TAXES ACROSS THE BOARD BECAUSE I SAID SO' nonsense.