Its technically tax avoidance, technically different from evasion as with avoidance you apply legal strategies to not pay as much taxes, whereas with tax evasion you use the illegal methods to not pay taxes.
All of your local business people either are or have just not paid taxes on income. If it’s a cash business or they accept cash, there’s a high likelihood that they just put that in their pocket.
Maybe for services, but I have 10 pizzas and sell all 10 for 1 quid and there’s only 5 quid in my books, as long as taxes are paid the irs won’t notice.
Tax evasion never made nobody rich. Exploitation of the working class is where it’s at.
Just want to reiterate that the IRS get their marching orders from the party in charge which is why they targeted rich people under Biden: The IRS has recovered $1.3 billion from rich American tax dodgers since the fall of 2023 — relieving a painful burden from ‘ordinary citizens’
FWIW the US federal budget for 2024 is going to be about $6.8 trillion dollars. So that $1.3 billion is about 0.019% of the total budget. I’d call that a slap on the wrist for the billionaire class except that you can actually feel a slap on the wrist.
That’s entirely the wrong denominator for this comparison. IRS doesn’t write the budget nor do they write tax law, they just collect.
Conclusion: succes comes from defying the laws of physics.
I don’t hate the IRS. They don’t write the tax code, and it’s not their fault that they’re underfunded. That’s all on Congress.
This might upset a few people, though: Your Taxes Pay for Nothing
Who the fuck is the rich chef lmfao?
Every chef I know looks like the dude on the left, but he hasn’t had adderall since work insurance pays shit so instead he subsists on alcohol and cocaine with the rush of order and chaos working the kitchen.
I think it’s Chef Boyardee
Respect to the Spaghettios.
Gordon Ramsay
He’s not even 1/4 of the way to being a billionaire. He may as well be scraping shit off the street then trying to pass it off as one of his lavacakes.
bruh in what world is 220 million net worth ‘not rich’ to you
Site supervisor waiting for both of them to deliver that wheelbarrow full of bricks:
Right panel could do better.
Tax evasion, loopholes, offshore accounts, tax breaks, are all terms that belong as “steps.” Also, stepping on the person holding the “work” steps up should be part of it. Successful people almost all earn money on other’s work at some level. That’s how wealth and employment work.
not just tax evasion, there’s the factor of wage theft and keeping over 99% of the profit to yourself too
The “rich parents” blocks are off screen.
everyone needs a little push to help them get over the basics
Then you need to fund the IRS enough to go after these rich fucks
Thats the thing though, those rich fucks usually run the IRS or practically own the people who do
I mean when your rich what don’t you run… To destroy from within
Other countries hate the IRS & FCC too. It is quite difficult to open a foreign bank or crypto exchange account… if not just outright blocked all Americans from even trying.
If other peoples’ tax evasion is your big concern then you hate the wrong people.
Idk how thats what you got from this post. I don’t believe billionaires paying their taxes will solve all of our problems of thats what you are getting at
Are we?
GE made nearly 7 billion dollars in 2023. Do you know how much tax they paid? They didn’t, they got a refund of over 400 million dollars.
Tell me again that tax evasion isn’t a real problem.
i didn’t say tax evasion isn’t the real problem. i said that the meme is blaming the wrong people.
it’s GE’s (And politicians) fault that GE is evading taxes, not the IRS.
Ah, so it’s the IRS that was the wrong target. I see.
It kinda feels like this sometimes.
My single biggest expense each month is tax.
Last time I went to Costco, my the second most expensive thing on the receipt was tax.
Last time I went to Costco, my the second most expensive thing on the receipt was tax.
That just means you bought a whole bunch of cheap things.