What's wrong with tax avoidance? Isn't it legal in America?Here in Argentina it's a pretty common practice.
Tax evasion is not cool though.
"I've Underestimated the Horse Power from Mario Kart 8, I'll Never Doubt the WiiU's Engine Again"
What's wrong with tax avoidance? Isn't it legal in America?Here in Argentina it's a pretty common practice.
Tax evasion is not cool though.
"I've Underestimated the Horse Power from Mario Kart 8, I'll Never Doubt the WiiU's Engine Again"
| Anfebious said: What's wrong with tax avoidance? Isn't it legal in America?Here in Argentina it's a pretty common practice. |
So that's why you went bankrupt twice in 10 years 
Baalzamon said:
I don't know about you, but I make an average wage, and invest a significant amount of my money in the stock market. When those companies are making more money because they aren't paying taxes, my investments are growing faster. When I sell these investments, I pay my fair share to Uncle Sam (and rightfully so). |
Good for you but not every American has that previldge and a lot of them are there by cicumstance and are just as hardworking as you can be. I am an unmarried US Navy trained Nuke Engineer with a bachelors degree. I will consider myself vey fortunate to be making the kind of money I make because I know alot of my friends who are just as educated as I am and still need a second sometimes third jobs to keep themselves and family afloat.


| overman1 said: Good for you but not every American has that previldge and a lot of them are there by cicumstance and are just as hardworking as you can be. I am an unmarried US Navy trained Nuke Engineer with a bachelors degree. I will consider myself vey fortunate to be making the kind of money I make because I know alot of my friends who are just as educated as I am and still need a second sometimes third jobs to keep themselves and family afloat. |
Oh I know they don't, and I am extremely grateful I have been as lucky as I have as early as I have, as I know lots of college graduates who take years to finally get into a situation such as what I have gotten into.
Money can't buy happiness. Just video games, which make me happy.
Baalzamon said:
I don't know about you, but I make an average wage, and invest a significant amount of my money in the stock market. When those companies are making more money because they aren't paying taxes, my investments are growing faster. When I sell these investments, I pay my fair share to Uncle Sam (and rightfully so). |
But you can also avoid that. I for instance have a 2% LOC against my investments so I can gain access to the gains without actually selling the stock. When I pass away if I leave stock to my kids the capital gains on that stock is erased. The kids if they sell the stock immediatly are accessed gains at the price the stock was at when I left it to them. Not what I paid for them. So for instance I bought Apple at like $50 before the split. I bought MS at like $20. I can just hold those stocks and they gain gain gain. Say I drop dead. My kids get the Apple stock which is now roughly a $650 per share gain. My kids wouldnt pay tax on the $650 they would pay no tax if they sold it as soon as they got it. See how the game is rigged for the aristocracy. Hold your capital gains, get a low interest loan to access the value and leave to your heirs basically tax free.
Its libraries that sell systems not a single game.
This thread is a great example of the theism of statism which runs rampant in certain groups.
overman1 said:
Good for you but not every American has that previldge and a lot of them are there by cicumstance and are just as hardworking as you can be. I am an unmarried US Navy trained Nuke Engineer with a bachelors degree. I will consider myself vey fortunate to be making the kind of money I make because I know alot of my friends who are just as educated as I am and still need a second sometimes third jobs to keep themselves and family afloat. |
And your value to society cant be measured by how much money you make. Because teachers get paid less then an electrical engineer mean they add less value to society? Is a nurse less valuable to society then a stock broker? Is a social worker worth less to society then a computer programmer?
Its libraries that sell systems not a single game.
| overman1 said: lol can't actually believe people in this thread are actually supporting this practices.... Then they wonder why the economy got so fucked up in the first place.... |
Probably the same people who get pissed when someone gets caught abusing the welfare system.
Baalzamon said:
I don't know about you, but I make an average wage, and invest a significant amount of my money in the stock market. When those companies are making more money because they aren't paying taxes, my investments are growing faster. When I sell these investments, I pay my fair share to Uncle Sam (and rightfully so). |
And you don't pay taxes on these investments until you collect them.
In this day and age, with the Internet, ignorance is a choice! And they're still choosing Ignorance! - Dr. Filthy Frank


| Anfebious said: What's wrong with tax avoidance? Isn't it legal in America?Here in Argentina it's a pretty common practice. Tax evasion is not cool though. |
You're right I switched the two on accident my bad. ,'_'
In this day and age, with the Internet, ignorance is a choice! And they're still choosing Ignorance! - Dr. Filthy Frank

