Quote:
Originally Posted by swagger
Please explain the mechanics of this accusation. Step by step, how would one go about doing that? Start with explaining how one can produce the income to be hidden without the entity that's transferring that money having to report the income and to whom it was paid.
Heck, even the casinos in Las Vegas have to report any gambling winnings of $600 or more to the IRS. How does someone go about generating the kind of money that's worth "shoving into off shore accounts" without the IRS knowing about it?
Unless/until you can prove that it's possible, the readers will have no other option than to believe that you're full of crap.
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I would assume through a series of legal entities (shell companies,) disguising the money under a variety of financial terms that keeps it from being marked as income and thus taxable. Moving the source of the income off shore helps too, such as registering your business in a country with no or low taxes. In some cases you can then redirect your paycheck directly to the business, and pay all of your bills out of that account.
Perhaps a competent lawyer and tax advisor might be better able to help you in hiding your millions though?
*EDIT* Here are some links for you; including one from that bastion of liberal thought, NPR.
http://www.npr.org/blogs/money/2012/...fshore-company
http://www.panamalaw.org/how_to_move..._offshore.html
http://www.msnbc.msn.com/id/46375666.../#.UFjwTY56PTQ
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