2006-10-29 07:57:27 · 4 answers · asked by Carrot, the Peanut 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yeah. I agree. There is no real way of avoiding the IRS. I wasn't planning to do it anyway!!...I just wanted to know some theory behind it
2006-10-29 09:41:50 · update #1
They will eventually get you. Do you want to go around looking over your sholder always waiting for the shoe to drop?
2006-10-29 08:14:33 · answer #1 · answered by Jack G 3 · 0⤊ 0⤋
Taxes on what ? Way too vague !
Taxes on income ? No
Taxes on investments ? Put it into securities that do reinvestment on the payouts. It is legal and NO getting caught issues.
About getting caught, the IRS owns some of the best computers. They have been able to pick up on the interest on even a $50 savings bond for more than 2 decades.
I knew a guy who avoided for about 3 years, now they are taking an EXTRA $500 a month ( for the next 4 years) from his check to cover arrears and penalties plus interest.
Good luck !
2006-10-29 08:05:14 · answer #2 · answered by kate 7 · 0⤊ 0⤋
In a famous quote regarding the U.S. income tax law, Judge Hand wrote:
"Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes[. . . . ]" Helvering v. Gregory, 69 F.2d 809, 810-11 (2d Cir. 1934).
But you must do so with in the bound of the applicable laws.
2006-10-29 11:44:44 · answer #3 · answered by ? 6 · 0⤊ 0⤋
Yep, Don't work and if you do get paid cash under the table so that you can cause higher taxes for all other American citizens and not pay for the services you receive such as law enforcement, emergency 911 public education and the plethora of other things taxes are paid for.
2006-10-29 08:02:13 · answer #4 · answered by virtualrealitys 2 · 1⤊ 0⤋