Tax avoidance is never illegal or immoral , as long is it is done by
liberals.
No, tax avoidance is never illegal or immoral, as long as it is done by the
BOOK.
ala George Steinbrenner. Someone in the Obama administration has a "not
tonight, honey" headache with all that cash flying out the window, and on
the eve of the invocation of the death tax. Why is it that all these new
decrees seem to have religious rites connotations? But I digress.
Tax avoidance has many names. Loopholes. Deductions. Shelters. LLC's.
Limited partnerships. Corporations. Businesses, and ALL, EVERY ONE OF THEM
available to the common man who has an above room temperature IQ and a
library card!
If I die tomorrow, I don't own much. The $40,000 truck I drive is in the
family trust. All my real estate is in living trusts. My insurance and gas
is mostly paid from business expense accounts, which come off the income
before tax rates are applied. I eat out, always managing to talk about
business, or some shred of it at $75 per person meals. All the office
supplies, cable, computers, etc, is for business purposes. Or at least
plausibly claimed. I don't live rich, but manage to take cruises, leave the
continental US about twice a year, always have at least $100 in my pocket,
and have a piece of plastic in my billfold with a $16k limit on it that's
paid in full every month. I never want anything, and just can't afford it.
Unless it would be a helicopter, and I just don't want one because I
couldn't get a license to drive it because of heart problems. I have no
idea how many businesses I have accounts at.
This idea that tax avoidance is for the rich only is a myth.
Tax avoidance is for the intelligent ONLY. If one is merely too stupid to
go to the library and check out "100 Things You Can Do Legally To Reduce
Your Taxes", then they just get what they get. And if they can't take it
from there, and reduce their tax burden and stay out of debt, then they are
just poor money managers.
Apologies to stupid people.
Steve
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