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    Income Tax Evasion

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    Zeddicus
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    Income Tax Evasion

    Post by Zeddicus on 2011-12-02, 21:47

    Ok, my 18th is looming ever closer now and I'm at an all time high in profits. The problem is, once I turn 18 I need to declare all my income to the government and forfeit 32% of it. I'd rather not take it all out as physical cash, because I invest with it and carrying money in my pocket doesn't make profit. So the question is, how can I avoid paying income tax on the money I make from Rs?
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    Babak
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    Re: Income Tax Evasion

    Post by Babak on 2011-12-02, 21:51

    Try "Not giving a Fuck". It helped me with all my problems.

    Here's a guide: http://www.youtube.com/watch?v=6wS5xOZ7Rq8
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    Zeddicus
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    Re: Income Tax Evasion

    Post by Zeddicus on 2011-12-02, 21:52

    And then I get to spend the rest of my youth in prison for tax evasion.
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    Jon
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    Re: Income Tax Evasion

    Post by Jon on 2011-12-02, 21:53

    aha pretty sure it charges any income at all regardless of where it's from. Idk how law differs in the US though as opposed to the UK
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    Zeddicus
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    Re: Income Tax Evasion

    Post by Zeddicus on 2011-12-02, 21:55

    I'm in Canada, and the idea is that I avoid the gov. So I don't need to concern myself with their overly high tax rates on money I've been earning since I was in grade 2.
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    Jon
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    Re: Income Tax Evasion

    Post by Jon on 2011-12-02, 21:58

    Zeddicus wrote:I'm in Canada, and the idea is that I avoid the gov. So I don't need to concern myself with their overly high tax rates on money I've been earning since I was in grade 2.

    wouldn't do that you're bound to get in deep shit for tax evasion
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    Zeddicus
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    Re: Income Tax Evasion

    Post by Zeddicus on 2011-12-02, 22:15

    Well there are methods of avoiding them ever knowing.

    From what I've been able to gather from friends, there are lots of ways and diversification is important. One person told me he uses a blind corporation he created to put his money into and thus avoid having to claim it as income because it's in his 'business'. Another said to put it in to tax exempt bonds, like munis.
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    Connor
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    Re: Income Tax Evasion

    Post by Connor on 2011-12-03, 02:45

    Babak wrote:Try "Not giving a Fuck". It helped me with all my problems.

    Here's a guide: http://www.youtube.com/watch?v=6wS5xOZ7Rq8

    Best video ever. I +1000000 Thus
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    MisterDicing l RRH
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    Re: Income Tax Evasion

    Post by MisterDicing l RRH on 2011-12-03, 19:46

    Jumping the Mexican Border?
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    Jon
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    Re: Income Tax Evasion

    Post by Jon on 2011-12-03, 20:06

    MisterDicing wrote:Jumping the Mexican Border?

    cracked it
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    Arab | GQD
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    Re: Income Tax Evasion

    Post by Arab | GQD on 2011-12-03, 21:30

    yeah thats why you should be Arab Smile, no Tax FTW?

    lol we have tax for NOTHING, even McDonalds doesnt take tax here Smile

    yeah but i purchased a "Condo" (thats what you call it i think, its called flat/appartment here) and the rent is around 1700CAD$ a month or around 20k$ a year, and out of this, i have to pay like, 600 and 200 dollars a month to various Tax's and maintainances thats around 9k$ a year. so yeah it feels like shit when ur account is debited 800$ a month.
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    Jon
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    Re: Income Tax Evasion

    Post by Jon on 2011-12-03, 21:33

    GQD | Le Dicer wrote:yeah but i purchased a "Condo"
    thought that said condom :S
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    Connor
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    Re: Income Tax Evasion

    Post by Connor on 2011-12-04, 20:32

    GQD | Le Dicer wrote:yeah thats why you should be Arab Smile, no Tax FTW?

    lol we have tax for NOTHING, even McDonalds doesnt take tax here Smile

    yeah but i purchased a "Condo" (thats what you call it i think, its called flat/appartment here) and the rent is around 1700CAD$ a month or around 20k$ a year, and out of this, i have to pay like, 600 and 200 dollars a month to various Tax's and maintainances thats around 9k$ a year. so yeah it feels like shit when ur account is debited 800$ a month.

    lool u should just buy a house and pay a mortgage, then u somewhat actually own the house. cause u dont technically own the apartment if u pay "rent" on it Razz
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    Zeddicus
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    Re: Income Tax Evasion

    Post by Zeddicus on 2011-12-05, 08:20

    Ok guys, a bit off topic here.
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    Jarex k
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    Re: Income Tax Evasion

    Post by Jarex k on 2011-12-05, 08:55

    Is'nt Tax a dog race?
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    Sam
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    Re: Income Tax Evasion

    Post by Sam on 2011-12-13, 06:03


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    Re: Income Tax Evasion

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