Corona Virus, How Has It Affected Your Area So Far?

Why do you think they will not get money from the stimulus?

For Section 7(a), I can understand why. They are self-employed who do not pay/have employees, therefor cannot borrow money to be converted into a grant.

Well, besides the obvious trolling you are doing, if you honestly believe in your posts, it's proof positive that public education and community college has failed you if you cannot understand basic economic principles. Or that you are really AOC. One of the two.

I pay my taxes because there's literally a bounty for reporting someone who doesn't. The money is all digital and going straight to your bank account. Anyone reading this just needs to find your real name(people you've sold to all have it..) and they could get a discretionary reward for reporting you. Easily caught.

Pretty dumb to try to evade taxes on what's more than many people's total income.

It's, what, 20% of what IRS gets, right?

Guaranteed at least 15% up to a cap of 30% if the amount exceeds $2m, discretionary for less.

Stack up the paper and flee, people evade taxes on ((Tr))(B)millions every year.
Or crypto! One or two people I've seen taking bitcoin lol.

Okay, but is that what you personally would do? Do you have the money sitting to survive an audit, are you ready to try to leave the country over this? It's not going to be 17k/100k either, it's going to be much higher as self employment income, especially when they add in interest and penalties.

Maybe you get away with it and get a bunch more cash than you would've otherwise, but what percent chance is worth that ***? I make enough money that I don't need to try to evade taxes, I'd rather know nothing is going to come up later and royally *** up my life. Plus, if you want a mortgage or car loan or anything, that extra income that isn't reported isn't visible.

Fact is, no matter what you're doing with multiple accounts, withdrawing from paypal will tie that money to you. It's only a matter of time until it gets linked together, as they are constantly improving their back end algorithms and this is all done by computers.

This was going to be my last year but the zombie apocalypse kinda really screwed everything up. Losing the entire year on gigs is a set back to say the least.

Sorry bud, i'm from vermont. I voted for the loud angry jewish grandpa

There're still 6 years after you stop to link it all back to you, if you omit more than 25% of your income the statue of limitations doubles. Pretty ballsy to hope paypal doesn't make any change that'll recognize multiple accounts tied to the same bank account.

Sorry. Loud angry jewish socialist grandpa.

So far so good fingers crossed!

That's actually a misconception. But let's ask anyway.

How do people evade taxes on mil/bil/trillions every year? I would love to hear your opinions on this matter. Bonus points if you give sources to your reasoning.

7 years for fraud, and you can be off as little as 4% to open a fraud audit. Mind you, most people it's as high as 25% discrepancy, but for those who are audited each year (who IRS actually focuses on, the Trumps of the world), all you have to be is off by 4%.

That explains a lot actually. For one, you aren't trolling, these are your actual viewpoints, and for two, you really do not know anything about economics. I could extend that to pretty much most everything, but I'm not going to be mean.

Also, it shows how absolutist you are and that there really is no point in talking to you about economics or why your thinking is incorrect. I have dealt with enough Bernie Bros to know that showing knowledge isn't the answer for you.

Simple numbers; if 6% who made over 10 million got it, then 94% didn't. Not hard to miss 6% 7 times.


Coupled with

Roulette with 35 Red wedges is still technically a gamble, but yeah.

Less than a half a % for us to get randomly found, so all 36 wedges are red.

It's your life dude, nobody is forcing you to report your income and the chances you get caught aren't that high. But, if you were to get caught, it would totally and completely *** your life over by the sounds of it.

Those numbers are not everything either, because many of the people making that amount of money are not visibly cheating on their taxes. Audits are triggered by records not matching up primarily, and most people aren't completely skipping income sources. Sure, the rate is higher for extremely high income numbers, because random audits also start to become prevalent in those brackets.

But, this is 'percent of taxpayers audited by income bracket', not 'percent of tax cheats who got audited', I would wager the second value is much, much higher. Most people who cheat on their taxes are taking extra deductions that are subjective and not worth chasing. If the IRS gets a 1099k that has no matching income reported it's going to almost certainly result in an audit.

I pay my taxes so I don't have to entertain that possibility, personal choice.

Hmbol. You sound like ben shapiro. Do you need a booster seat while typing your responses in your big boy chair?

That's....actually incorrect. Or at least misleading.

Yes, you have shown that the higher income bracket you are in, the higher chance of being audited is. You could have also shown this to make a point:



That does not prove your assertion that millions/billions/trillions of dollars of tax evasion. IRS doesn't even release what percentage of audits recover tax money underreported. So, you cannot say that there are millions/billions/trillions of tax dollars unpaid or tax evasion committed just because of the low audit rate.

Try again.

Or a K-1 from a Publicly Traded Partnership but the recipient never reported it on their 1040. Or missing a W-2/1099. Etc.

You are trying too hard.

Also, I think I just invented "The Kingnobody's Law": No matter what the conversation is, it eventually turns into taxes.

I'm being sarcastic, obviously

The last thing I'm gonna say on it since it's way off topic.

If I make 100k selling. IRS already took from that 100k from the people who earned it. They don't get to double dip it. That's just how I feel about it.

Now if they wanted to take 6% instead of ~20% as a sales tax, because thats what it is, sales. I'd think about it.

On topic; people deserve their money without fine print. Even if they didn't "qualify" for it.

That's not how it works.

Your customers were taxed on their income, but that doesn't mean you are exempt from income taxes because your customers were taxed already.

Double Taxation only really occurs for shareholders of corporations, and even then, only "C" Corporations. "C" Corporations are taxed at the corporate level for their income, and when they make distributions (aka dividends) to their shareholders, the shareholders are taxed again on the income from dividends from the same income source. That is why dividend income (and other sort of capital gains) are taxed at a different, and much lower, rate than ordinary income; they are essentially money that is being taxed a second time. Estate taxes are the same thing, but they are taxed at a different rate. But I'm going off a tangent.

Money you make is not double dipping on the taxes. The only income that is being double taxed is capital gains income.

Except that is not how federal taxes work. We have a progressive tax system, and unless we do a complete revamp akin to 1986 tax law, it's going to stay like that. Sales taxes are different and generally paid by people who purchase goods/services, not people who sell goods/services.

deserve and qualify need to be defined. and you are not the one who gets to come up with those definitions. none of us are. so arguing about it is useless. just have a beer and watch the universe die.

Qualify is easy to define though. It's in the law.

Deserve is subjective. I could always claim that I deserve a trillion dollars from the government, but unless the nation agrees, I won't get it.

Also, there are ways to speed up the process of watching the universe die. I'm always partial to the biological choice. Kindof like COVID-19!

I mean it's just human decency. I don't mind if a couple hundred thousand people end up stealing $1200 from our corrupt gov if it helps them in a time of need. Trump is going to steal every cent that isn't stolen first.

Or you could just call it a UBI and everyone is getting some loot for being imprisoned per month. So everyone qualifies.

Like "deserve," morals and ethics are also subjective.

You think it's ok to steal from the government because you think they stole from us. That's your viewpoint, and I will have no choice but to disagree with you. The government does not steal from anyone, taxation is used for all of the things you take full advantage of, like security and freedom.

One could argue that this is a great big distribution scheme, but honestly, I think this is needed in a dire emergency such as this.