RE: The Money Laundering Myth

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Something baffles me; you're rich, yet you evade taxes like is it the poor that are capable of paying it? Powerful people all over the world are doing this, even sports people it's totally uncalled for



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Its human nature if I earn 10 million dollars and it costs me 1 million to pay an accountant to save me 4 million in taxes so I pocket the 3 million spread I am going to do it. Unless tax amounts to less than it costs to use special-purpose vehicles to avoid them people will do it.

Additionally, governments tax codes are set up to punish behaviours they feel aren't good for their economy, the business owner pays less in tax than the individual because the business owner creates jobs, goods and services, where the employee basically consumes.

Then finally rich people own nothing, they use things they own. So instead of owning a home on my name, I own it through a company I set up, instead of buying a car on my name I lease it to offset the tax I would have paid on having profit.

Instead of getting a salary I use business expenses or draw a dividend and take the 10% tax on that. Poor and middle-class people want to own stuff on their name, so they get penalised, it's dumb.

I own nothing lol, as far as the government is concerned, once you learn that you're far better off and it costs you nothing to set up a company and the advantages are great

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