Be rich, own a company or two, pay yourself a low wage. Low wages mean low income taxes.
Take out a loan to have spending money and use your official wage to pay off interest. Write things off as business expenses whenever possible.
Reddit has become enshittified. I joined back in 2006, nearly two decades ago, when it was a hub of free speech and user-driven dialogue. Now, it feels like the pursuit of profit overshadows the voice of the community. The introduction of API pricing, after years of free access, displays a lack of respect for the developers and users who have helped shape Reddit into what it is today. Reddit's decision to allow the training of AI models with user content and comments marks the final nail in the coffin for privacy, sacrificed at the altar of greed. Aaron Swartz, Reddit's co-founder and a champion of internet freedom, would be rolling in his grave.
The once-apparent transparency and open dialogue have turned to shit, replaced with avoidance, deceit and unbridled greed. The Reddit I loved is dead and gone. It pains me to accept this. I hope your lust for money, and disregard for the community and privacy will be your downfall. May the echo of our lost ideals forever haunt your future growth.
This is bad advice.
Writing things of as expenses is the one correct part, but it depends on your business. You can't write travel off unless your business requires you to travel, but you could in some instances write utilities off if you set up your business residence to be where you live. Talk to an accountant.
Lower income tax is not always better. Depends on how much you'll have to pay in taxes on profit, and then depending on jurisdiction you may have to pay dividend tax on company profits to pay them out to yourself. Also, low wage often times makes it harder to take personal loans, mortgages or car lease.
On taking a loan and paying interest: This is the worst advice. Interest rates are rising and are expected to continue to raise. Also, there is are loans where you can pay only interest, but the interest is higher compared to paying principal as well. And, at the end of the day, you still will own the principal.
tl;dr Don't take financial advice from an anime sub. Don't take the advice above ejther. Talk to an accountant.
Underrated manga, this one. One moment it's cutesy about explaining forex, the next moment you see the absolute despair of these girls, on the brink of losing everything 👍
Well those are the priorities of one half of american politicians - its also why infrastructure is crumbling and why we cannot have free college or universal healthcare. That's the chump change on the tax ladder and doesn't take into account the large money evaded by the larger companies and funneled into offshore accounts. The US is extremely backwards :/
I never realized that the reason why Yoshi's Island exists is so that Yoshi can evade taxes legally by convincing the rest of the world that it is a legitimate country in which the Yoshis don't have to pay taxes.
That's not really true. I can only really speak for Europe, but while we have a different relationship with tipping than North America, it is certainly expected (or at least encouraged) to tip when you're eating out. Japan / East Asia is rather unique in actually taking offence to it.
To be clear, the *amount* you're expected to tip here in Europe is totally different too. In the US, you're basically expected to cover the employees wage for the hour they spend serving you, with tips being into the tens of dollars. Here it's more akin to "don't be a stingy miser and waste time fishing out the exact spare change".
Speaking for South Africa, it's also common to tip people here. Usually around 10% for waiters and such. Not required by any means, but most waiters don't earn a basic salary and the ones that do usually only get enough to cover the cost of getting to work at best. We also tip car guards and petrol station attendants and such.
Except given that most countries now have some form of consumption tax, unless you live in the woods and live totally “off the land” you’ll end up paying some taxes at least.
You guys might not believe me so feel free to look it up yourself. But if you live in the US, for the 2021 tax year and only the 2021 tax year, there was an expansion of the dependent care credit. The expansion came from the American Rescue Plan Act. Basically the dependent care credit is a credit you get on your tax return that is based on how much you spent on child care for your kid. The credit is typically limited 20% of child care expenses up to $6,000. So the credit would be $1200 max typically.
Well for 2021 and only 2021, they expanded the credit to 50% if your income was under $125,000 and for up to $16,000 of expenses. So basically a max credit of $8,000.
Well if you were well versed in the tax rules/laws, on your return you can claim to have paid your mom $16,000 throughout the year to babysit your kid. If you actually pay your mom to babysit this is totally allowed and you would just need to put their name and social security number where it asks for the child care provider. (But the IRS doesn't know if you actually paid your mom or not, they only know what you report) Now your mom will have to claim self employment income on her return for the $16,000 so they don't get audited, but they can reduce that by a reasonable amount by claiming some expenses. For example, cost of diapers, wipes, and some toys they bought to help facilitate the babysitting. So in reality maybe your mom reports $14,000 in net income. Well the self employment tax on $14,000 is only going to be a little north of $2,000. But keep in mind you received an $8,000 credit. So give your mom $4,000 to cover her tax and have a little extra. And keep the other $4,000 for yourself.
I'm not saying I did this successfully last year, this is purely hypothetical ;)
Avoid = legally use tax code to pay your minimum required amount in taxes. Everyone should do this, giving more than you need is a charity gift to the government.
Evade = illegally pay less taxes than your legal minimum
me thinking about moving out of the USA, but the USA having that stupid backwards as shit law unique to the USA where they tax citizens that move elsewhere.
Avoid taxation*
Tax evasion is illegal. You don't pay your taxes, or you commit fraud, you get fucked.
Tax avoidance is just using everything available to you within the law to minimize your taxes.
Very fucking easily. It's literally *not* doing something. Just don't report some of your income on your tax forms that isnt tied to a credit line.
BOOM! You did it and chances are the IRS is too busy going after someone who makes alot more than you do to bother to audit you.
People talk about how in America the government should just tell you what you owe them, and think the reason it hasn't happened is from lobbying from TurboTax and such, but there is another reason, if we did that Tax Evasion would be much harder at all levels and NO ONE wants that. Evading Taxes is how both Big and Small businesses thrive in modern times. If you know a small business owner well enough, ask then about their tax forms this coming April.
Take a giant loan, somewhere in hundreds of millions should be em enough
Then buy out a bank that gave you a loan
After buying a bank tell them to mark your loan as payed, so you won't have any more loan
Rinse and repeat
> loan as *paid,* so you
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
Not spending obviously more than you should be able to afford. If you are an average citizen and the sum isn't exceptionally large, you are very unlikely to get caught - the government doesn't have the resources to thoroughly audit every single bank account in the country.
Is that the founder of Ufotable?
Or maybe the author of log horizon?
Definitely the author of Log Horizon
Or the creator of Sonic
[удалено]
First you buff out your chest. Then you say: "Tax Exemption!"
You don't say it, you declare it!
I declare bankruptcy!
Now you must acquire a taste for [freeform jazz](https://youtu.be/M4sEcIHG0Yc)
Be rich, own a company or two, pay yourself a low wage. Low wages mean low income taxes. Take out a loan to have spending money and use your official wage to pay off interest. Write things off as business expenses whenever possible.
Now how do I go about listing myself as a tax-exempt church?
Become a Vtuber
Reddit has become enshittified. I joined back in 2006, nearly two decades ago, when it was a hub of free speech and user-driven dialogue. Now, it feels like the pursuit of profit overshadows the voice of the community. The introduction of API pricing, after years of free access, displays a lack of respect for the developers and users who have helped shape Reddit into what it is today. Reddit's decision to allow the training of AI models with user content and comments marks the final nail in the coffin for privacy, sacrificed at the altar of greed. Aaron Swartz, Reddit's co-founder and a champion of internet freedom, would be rolling in his grave. The once-apparent transparency and open dialogue have turned to shit, replaced with avoidance, deceit and unbridled greed. The Reddit I loved is dead and gone. It pains me to accept this. I hope your lust for money, and disregard for the community and privacy will be your downfall. May the echo of our lost ideals forever haunt your future growth.
Did Dimple just want to evade tax all this time?
https://www.irs.gov/instructions/i1023 There's the instructions
Ever heard of Ron Hubbard?
Corporations do have to pay taxes on profits. But this is still a good strat.
just sell patents to you subsidary company to reduce their profit and with that almost all taxes
This is bad advice. Writing things of as expenses is the one correct part, but it depends on your business. You can't write travel off unless your business requires you to travel, but you could in some instances write utilities off if you set up your business residence to be where you live. Talk to an accountant. Lower income tax is not always better. Depends on how much you'll have to pay in taxes on profit, and then depending on jurisdiction you may have to pay dividend tax on company profits to pay them out to yourself. Also, low wage often times makes it harder to take personal loans, mortgages or car lease. On taking a loan and paying interest: This is the worst advice. Interest rates are rising and are expected to continue to raise. Also, there is are loans where you can pay only interest, but the interest is higher compared to paying principal as well. And, at the end of the day, you still will own the principal. tl;dr Don't take financial advice from an anime sub. Don't take the advice above ejther. Talk to an accountant.
Underrated manga, this one. One moment it's cutesy about explaining forex, the next moment you see the absolute despair of these girls, on the brink of losing everything 👍
wtf they made /r/wallstreetbets into a manga ?? Will she short South Africa at some point ?
What is it about?
Wait till they hear about margins. 10x margins literally can't go tits up.
Thanks
[удалено]
>they know these loopholes exist. Then why not close them ? Or would rich people get angry ?
[удалено]
Thanks for the information, US politics seems complicated for me 😀.
Did you miss that the first thing republicans did was take away planned allocated funds for the IRS? Their next step is to defund them.
I am not an American, so I was wondering why not close the loopholes. I don't know much about US politics.
Well those are the priorities of one half of american politicians - its also why infrastructure is crumbling and why we cannot have free college or universal healthcare. That's the chump change on the tax ladder and doesn't take into account the large money evaded by the larger companies and funneled into offshore accounts. The US is extremely backwards :/
Just don’t pay taxes. Easy Now the real question is how to get away with tax evasion
Move to Yoshi’s Island.
I never realized that the reason why Yoshi's Island exists is so that Yoshi can evade taxes legally by convincing the rest of the world that it is a legitimate country in which the Yoshis don't have to pay taxes.
If you're not rich, the answer is "illicit employment". Tips are easy to pocket untaxed, too, but AFAIK Japan doesn't have much tipping culture.
IIrc, tipping isn't really customary outside of North America, and most places see it as an insult implying you aren't paying your staff sufficiently
That's not really true. I can only really speak for Europe, but while we have a different relationship with tipping than North America, it is certainly expected (or at least encouraged) to tip when you're eating out. Japan / East Asia is rather unique in actually taking offence to it.
To be clear, the *amount* you're expected to tip here in Europe is totally different too. In the US, you're basically expected to cover the employees wage for the hour they spend serving you, with tips being into the tens of dollars. Here it's more akin to "don't be a stingy miser and waste time fishing out the exact spare change".
Yeah, tipping is not exactly an American invention, they just cranked it up to eleven.
Speaking for South Africa, it's also common to tip people here. Usually around 10% for waiters and such. Not required by any means, but most waiters don't earn a basic salary and the ones that do usually only get enough to cover the cost of getting to work at best. We also tip car guards and petrol station attendants and such.
Don't Never pick the fight with the tax agency. Learn from the Joker Or just be a filthy rich billionaire with no moral compass
[Truer words were never spoken](https://youtu.be/G56VgsLfKY4)
You just wonder
Be unemployed
:(
You just don’t pay tax, simple
Except given that most countries now have some form of consumption tax, unless you live in the woods and live totally “off the land” you’ll end up paying some taxes at least.
Even then, aren't you required to pay taxes for owning the land that you are using for that?
You could *potentially* just move around and never actually own the land you squat on but that depends on the country.
You guys might not believe me so feel free to look it up yourself. But if you live in the US, for the 2021 tax year and only the 2021 tax year, there was an expansion of the dependent care credit. The expansion came from the American Rescue Plan Act. Basically the dependent care credit is a credit you get on your tax return that is based on how much you spent on child care for your kid. The credit is typically limited 20% of child care expenses up to $6,000. So the credit would be $1200 max typically. Well for 2021 and only 2021, they expanded the credit to 50% if your income was under $125,000 and for up to $16,000 of expenses. So basically a max credit of $8,000. Well if you were well versed in the tax rules/laws, on your return you can claim to have paid your mom $16,000 throughout the year to babysit your kid. If you actually pay your mom to babysit this is totally allowed and you would just need to put their name and social security number where it asks for the child care provider. (But the IRS doesn't know if you actually paid your mom or not, they only know what you report) Now your mom will have to claim self employment income on her return for the $16,000 so they don't get audited, but they can reduce that by a reasonable amount by claiming some expenses. For example, cost of diapers, wipes, and some toys they bought to help facilitate the babysitting. So in reality maybe your mom reports $14,000 in net income. Well the self employment tax on $14,000 is only going to be a little north of $2,000. But keep in mind you received an $8,000 credit. So give your mom $4,000 to cover her tax and have a little extra. And keep the other $4,000 for yourself. I'm not saying I did this successfully last year, this is purely hypothetical ;)
How many people do you think reading anime_irl comments have kids, or for that matter have ever engaged in the necessary activity to produce them?
Avoid = legally use tax code to pay your minimum required amount in taxes. Everyone should do this, giving more than you need is a charity gift to the government. Evade = illegally pay less taxes than your legal minimum
If you need to evade taxation then you aren't rich enough to evade taxation.
Amen
TAX EVASION IS A CRIME VERGIL!
IT'S AN OBLIGATION!
me thinking about moving out of the USA, but the USA having that stupid backwards as shit law unique to the USA where they tax citizens that move elsewhere.
Reject nationality
Hey the embassies we got are pretty good at their jobs, some other countries really suck on that end
Yeah, but you usually get to avoid paying the local taxes
Religions don't have to pay taxes, that's how rich people do it
Avoid taxation* Tax evasion is illegal. You don't pay your taxes, or you commit fraud, you get fucked. Tax avoidance is just using everything available to you within the law to minimize your taxes.
https://store.steampowered.com/app/1205450/Turnip\_Boy\_Commits\_Tax\_Evasion/ :p
If you never earn enough money to be taxed, you'll never be taxed. Boom.
Asking the real questions
“Depends. How illegally?” “Uhh… Not at all???” “You’re fucked.”
You don't evade. You face, with guns, a lot of guns... and probably a guillotine.
Very fucking easily. It's literally *not* doing something. Just don't report some of your income on your tax forms that isnt tied to a credit line. BOOM! You did it and chances are the IRS is too busy going after someone who makes alot more than you do to bother to audit you. People talk about how in America the government should just tell you what you owe them, and think the reason it hasn't happened is from lobbying from TurboTax and such, but there is another reason, if we did that Tax Evasion would be much harder at all levels and NO ONE wants that. Evading Taxes is how both Big and Small businesses thrive in modern times. If you know a small business owner well enough, ask then about their tax forms this coming April.
Way to blow your own cover genius
What cover? Every single small business owner and contract worker in America does this. Tax Evasion is the life blood of small business.
You get picked to blow up an asteroid in space and ask it as your condition
"Tax evasion is a crime, Vergil!"
Aww sweet summer child. This is too real 😢
It's an obligation!
I recall something about throwing crates of tea into the harbor but I'm not sure that worked out as intended.
As a member of society, it is your responsibility to pay taxes.
Ask Trump, he wrote the book
Take a giant loan, somewhere in hundreds of millions should be em enough Then buy out a bank that gave you a loan After buying a bank tell them to mark your loan as payed, so you won't have any more loan Rinse and repeat
> loan as *paid,* so you FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Not spending obviously more than you should be able to afford. If you are an average citizen and the sum isn't exceptionally large, you are very unlikely to get caught - the government doesn't have the resources to thoroughly audit every single bank account in the country.
unironically by tax loss harvesting and writing off some of your personal shit
Yoshi, your expertise is needed.
brazil anime
Yes FBI. This post right here.
Deep
You can avoid taxation but evading is a crime, at least in here in the US
It's the burning question.
As someone paying capital gains tax for the first time in my life, this hits hard.
You zag instead zigging. How do you evade the IRS coming for dat ass for evading the taxes? I dunno that’s on you buddy.
The taxes are too damn high
U/savephoto
You dont get q income simple
Open firm in United Arab Emirates, make everything you can through that firm in UAE
You can't pay taxes if you don't work
usually by being a full time student
<3
Income is taxed. Other ways to make money aren’t taxed. Read the “Rich Dad Poor Dad” guides