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If corporations can move overseas to avoid taxes, then why not me?

B

bupkus

Diamond Member
If corporations can move overseas to avoid taxes, then why not me?

ABC news tonight featured a story about American corporations opening a small office to some islands to avoid millions of dollars in taxes. I believe all Americans should make these same efforts, afterall it is legal. Do any attorneys out there have any suggestions to legally do just this?
 
sure if you move overseas
but if your income is made in the US u have to pay taxes in the US
actually moving overseas doesn't really stop u from paying taxes
my aunt works for the state dept and lives in Vietnam
she still pays fedeeral and state taxes
 
somebody didn't think this out... 😉

as long as you rely on a government, you will/should pay taxes. think about it. if you were a government, and you provided roads, schools, etc for people, would you tolerate some free loader? i wouldn't.
 
gopunk,
It's so nice of you to bring the moral question to this point.
But my attitude is, if enough Americans can use the same tools the corporations do to avoid taxes, a clear statement will be made to our legislature.
"We are tired of corporations paying off polititians to provide tax loop-holes."
With each payoff, money eventually goes back to the corporations to pay off more polititians, etc, etc... talk about investments. Can I only hope that all corporations don't pay taxes, own all the polititians and control domestic and foreign policy? Can I only hope that things stink so bad that people will force the issue? Or will it just be too late? Is it too late now?
In the film starring Al Pacino and K.Reeves "The Devil's Advocate" the devil proposes that the stink of evil litigation will get so bad it will "... rise up to heaven." How bad must the smell get before Americans press a grass roots effort to rein in the Congressional-corporate complex?
 
people are have a misunderstanding that paying less in taxes = having more money

this isn't really true
if there was a 20% tax cut tommorrow, guess what everyone would have more money for a little while, until inflation cought up.
prices would go up. people would bitch again
 


<< qpeople are have a misunderstanding that paying less in taxes = having more money

this isn't really true
if there was a 20% tax cut tommorrow, guess what everyone would have more money for a little while, until inflation cought up.
prices would go up. people would bitch again >>


yeah except when YOU pay no taxes, and the rest of the economy stays the same, you definitely have more money 😀
 
If you're in the navy and you dock over seas... the time money you get paid while there is tax free.

Conclusion? Join the navy you slacker.

nik
 
as long as you rely on a government, you will/should pay taxes. think about it. if you were a government, and you provided roads, schools, etc for people, would you tolerate some free loader? i wouldn't.

So why not buy an abandoned oil rig in international waters, along with a boat to go back to the mainland for supplies? 😉

Would that work?
 


<< as long as you rely on a government, you will/should pay taxes. think about it. if you were a government, and you provided roads, schools, etc for people, would you tolerate some free loader? i wouldn't.

So why not buy an abandoned oil rig in international waters, along with a boat to go back to the mainland for supplies? 😉

Would that work? >>



Like these guys did?
 


<< But my attitude is, if enough Americans can use the same tools the corporations do to avoid taxes, a clear statement will be made to our legislature. "We are tired of corporations paying off polititians to provide tax loop-holes." >>

Because corporations don't make money, corporations distribute money to its shareholders, who then report that money as income and pay personal income taxes on it. Corporations shouldn't be taxed twice on the SAME money.

It would be no different than you and I deciding to start a lawn-mowing business. We split the profits 50-50. We cut Mr. Johnson's lawn for $50. Minus expenses we split $30 profit. Are you saying that we as a business entity should be assessed a tax on that $30, and then have to pay taxes AGAIN in the form of personal income taxes on the $15 each of us 'earned' from the business?

Corporations also employ people and pay their wages from company revenues. Those employees all pay personal income taxes on those wages. How many times does the same money need to be taxed before its considered 'taxed'?

If some people are smart enough to find ab way to avoid being taxed to death, more power to them.
 
Worse yet when these companies make a product over seas using cheap labor, the savings isn't passed along to the consumer i.e. Nike is notorious for this. And American consumers line up like sheep to buy that Nike crap. What ever the market will bear and the American sheeple will suck up to and buy.
 


<< Worse yet when these companies make a product over seas using cheap labor, the savings isn't passed along to the consumer i.e. Nike is notorious for this. And American consumers line up like sheep to buy that Nike crap. >>

Most companies do pass along the savings, that's why American companies like Zenith cannot compete and folded. It wasn't because they couldn't produce a television, they couldn't produce a television that was competively priced. Why would I spend $450 for a television when I can spend $300 for one that is every bit as good?

And the real issue you admit yourself, American consumers have a fundamental choice. There is no law compelling consumers to buy Nikes. I don't buy Nikes, not since I moved out of the house and my parents stopped paying for half of my clothing expenditures. I buy more reasonably priced shoes, "fashion" be damned.
 
hm, don't we all get taxed 3 times on our income anyways? federal, state, sales.. why shouldn't corporations pay twice😛
 
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