So, I'm kind of new in the "money game", I've just received almost half million dollars and I want to hide it or pay the least amount of taxes possible.
Do you have any advice on this? strategies? I've never had this amount of money before and I don't want it to fade away... at least I want it to last a decent amount of time
Pay your taxes, my dude.
Is it worth getting raped in the ass to keep 100-200k more?
this. either get fucked now, or get fucked 10x harder later.
I already have to pay 37%, I can't "hide" it this year, but maybe in the long-term I may protect something. There has to be a way around, you know what they say "rich people don't get rich by paying taxes". Or if you have some interesting investment I'm all ears
Wtf. Fucked? IF you get caught, which you won't, you pay what you owe, plus some minor interest.
if you pay all your taxes on 500k of income, it doesn't get taxed again idiot.
Not true. You can actually go to jail for tax evasion.
>land of the free
The rich use other people's money to get richer. Use your current money to leverage up.
Here's one of their secrets—look up "buy, borrow, and die".
Where I live there's a 26% net worth taxes per year plus a progressive "wealth" tax, so very year from now on I'll be doomed to pay taxes on whatever is left until all of the real value goes to shit if I don't make a smart decision to invest or to hide it
That actually a very interesting idea!
I think this is what accountants are for.
But then why didn't Trump have to pay?
How can I pull this off?
wow you're so full of shit.
I've just got the news, I'll have to pay a professional for sure, but for now I want to have some ideas to start doing some research. As I said before I don't know much about the "money game"
In a 8 hour span I went from being the happiest to the most worried person... when you've never had that kind of money before you don't realise how expensive is real life!
never said I lived in the USA you moron
yeah there's no such thing as a 26% net worth tax anywhere on planet earth. are you from mars?
Because he used other people's money to start businesses, took huge profits, and declared bankruptcy when the businesses failed.
my bad 0,26% + 2,50% the "wealth" tax + 22% of non-recurring income
that's still excessive. either you live in a corrupt banana republic or your country's credit fundamentals are trash. either way i'd get out.
you guessed it, it's a fucking banana republic. Any ideas on where to move the capital?
because you are a retarded piece of shit who doesn't understand the financial system or its laws and blame everyone but yourself for being such a retard.
where it ends up isn't the issue, you have to manufacture a loss on paper of 500k. otherwise it doesn't work at all
Panama
You should move both the money and yourself to some stable low-tax jurisdiction. If you only move the money, your country might find out if they have signed the CRS
You can probably launder a shitload of money in Panama.
Do you think a fabricated "bad investment" in another country might work? Like creating a company in another country with somedody else's help or something like that and taking it out that way. Or maybe fake facturation or casino losses? hahaha maybe I've seen too many films?
they have :/ either way, do you have like a country on mind? maybe there's a legal way that will allow me to keep a decent amount
Depends where you want to live and where you are from.
Take a look at Panama, Costa Rica, Singapore, Malta etc
THIS
This guy gets it. Start an LLC or corp or 5 and loan it all to it/them. Take a small salary from it that's enough to live on. If that "business" does "poorly" and invests in many other businesses or "businesses" that also do "poorly" you can minimize your tax exposure. There's no law requiring a business to not fail. Whales don't hide money in swiss bank accounts or bitcoin, they hide money in tenuously connected "struggling businesses" that never call in their loans all over the globe
TLDR put it in many cups, not one big bowl. preferably cups with good legal protections that you can control surreptitiously
def post online about it KEK
fucking retard dont you understand how tech works in the current year? everything you do EVER online or off is keylogged. nice going.
>I want to hide it
Do you like jail?
>or pay the least amount of taxes possible.
Nothing wrong with this.
good advice! thank! I'll take a deeper look on that
For this I'll have to take a look to the legislation, thanks for the ideas, I wasn't thinking of Malta or Singapore before
dont go long term bullshit, youll jist regret not taking it out now. youre not rich enough to tax evade user
Dude if you're not American, then how the fuck are we going to help you? Tax minimization is nation specific. You want to minimize your taxes? Hire a fucking accountant that specializes in your country's tax code.