In one thread you say taxes need to be raised and this thread you talk about getting out of paying taxes. Hypocritical in my opinion.
I would lock the ticket up and hire a lawyer team. Then try and recieve the money as discretely as possible, move it into accounts and hire some people to invest it for me. Id go on living my normal life for awhile and finish school. I love my job and what i do, having money wouldnt change that. I would most def. make some local anonamous donations. I would surely buy some land here in my hometown, as well as West Virginia, PA, Wisconson and Colorado at some point... Sent from my SCH-I510 using Tapatalk 2
Not really... your assertion is flawed. Saying I believe taxes should be raised, and that money shouldn't be double taxed aren't contradictory. I would have gladly paid the 40%, 60% if they asked. I'm saying I wouldn't want my family to pay double taxes on the winnings, as we have an agreement between those that play, that if someone wins we all get a cut (there's five of us with this agreement). So, I wouldn't be cheating the system, I'd be making sure the system doesn't cheat us. By the way, we even have the agreement signed, 5 copies, it's legit, we'd have no issue with legality (we did it as a pseudo joke at Christmas a few years back , as we're never going to win, but if we did, we have it).
I would do the same thing that you are doing, it is legal and you might as well use every legal means necessary to not pay more then what you owe. Like all the 1%ers do. Look at it without all of your reasoning of why you'd do it and look just at the 2 threads at face value. 1st thread you want to raise taxes because the country is broke. 2nd thread you do not want to pay more taxes then you should. I would love to sit in a bar and talk about this with you, it would be interesting to see your point in person. I do understand that nobody wants to pay more then they should but you have to admit when you put them both together like that it is a oxymoron.
Estate taxes are criminal (similar to this double taxing issue). A man works his whole life saving up and paying taxes to set up his kids after he dies. Before he can slowly give it away in small non taxable increments he has a heart attack and passes. The federal government then comes in and takes literally 50% of his already taxed earnings before the 5 kids can then split it up. Happened first hand w my grandfather and its sickening to watch!
No, it's not the same. Obviously you aren't catching that. If I said I want to charge you $1.00 tax on the 12 pack of soda you bought, then charge your friend $.08 tax per can that you give them, even though they paid for half the six pack, it is not the same as saying I want to charge you $1.20 tax on the six pack of soda. I get where you're coming from, on the increased revenue part, but to say it's the same over-simplifies it. To tax me on something that belongs to someone else, then tax them on it as well, is not the same as saying the tax on lottery winnings should be higher.
You are over reading into what I'm saying I agree with you on the double taxation. I don't know how to phrase it any other way. You want people to pay more tax in one thread and work the system in the next. That's it nothing more.
Avoiding double taxation and raising income tax are not the same. You're delusional if you think they are. That's it, nothing more.
I have buried all my money in cash in canning jars in the yard. LOL That literally happened in my wife's family. One day my wife's sister had stopped in to visit her mom. Her son was outside playing. They went home and the young son(about 5 at the time) was playing in his room. She went in to bring him to dinner. He had money all over the floor. When she ask him where he got it... he said he found it buried under Grandpas house. LOL When the grand father died, the 3 sisters went to the house to sort and pay bills and all those things you have to do. They soon found money hidden in clothes, books, shoes... all over the house The final count of cash laying around was over $25,000. Seems he got tired of the IRS after they penalized him for his book keepers false assumption on what to do with dividend. They went back 10 years and crucified him with penalties and fines. From that day on he said... it's not worth all the work. He closed his very successful business and retired. He cashed all his social security checks and kept the cash for emergency funds. LOL
