MTL - Wall Street Legend-Chapter 24 Enemies of the IRS

  Chapter 24 Enemies of the IRS

   Doing business in New York, the tax rate is higher than most regions in the United States, each state has enough autonomy, tax systems, laws and regulations, etc. are varied, and it is not a simple one-size-fits-all.

  Since Old Sam knows that cash is used to achieve illegal tax avoidance, other businessmen certainly know it too.

If it wasn't for being blackmailed by Ye Dongqing, and knowing that he was suffering from cancer, he urgently needed to transfer his assets before his death to avoid paying high gift tax or inheritance tax. How could this old man be so stupid as to be cut by Ye Dongqing? Please help The commission for money laundering is not low.

For hundreds of years, U.S. official agencies have been tirelessly brainwashing people and companies to pay taxes in full and on time, and also gave birth to the perverted organization "Federal Revenue Service". It is not just a department, it has appeal offices, taxpayers The Service Bureau, Wage and Investment Income Bureau, Small Business and Self-Employed Owner Bureau, Large and Medium Enterprise Bureau, etc., have a total of more than 80,000 employees.

  Even its employees need a period of time to figure out what each department is responsible for. Some people have worked in it for several years and are still confused. It is one of the most important departments in the US government.

  No one wants to provoke the Commissioner of the Taxation Bureau. Ordinary IRS employees are terrible, and this boss is even more terrifying in people's eyes. There were companies that underpaid a few cents in taxes, but they were caught out and honestly made up.

Under the strict legal system, more than 110 million taxpayers in the United States pay about 350 billion US dollars to the federal government, and the company will also provide a large amount of tax revenue. This is the official data in 2001. more than half of the total tax revenue.

  Almost everyone with a formal job has to deal with the Federal Taxation Bureau at least once a year, which has led to a large number of middle-class and high-yield accountants. They are similar to lawyers and can be regarded as proper high-income groups.

There are policies and measures to counter.

  The Federal Taxation Service is powerful, but it can’t resist people’s determination to evade taxes. No one wants their hard-earned money to be taken away by others, even if it is used to improve social welfare.

  If you put it another way, a large group of middle-class people work day and night, but part of the money is used to support lazy people so that they can receive relief funds comfortably, so it makes sense for taxpayers to feel uncomfortable.

   All in all, if the IRS wants to collect taxes, it will also face a lot of resistance.

By setting up "charitable trust funds", the rich hide assets amounting to trillions of dollars and do not need to pay taxes; multinational companies store their money in other countries, as long as they do not flow back to the United States, they also do not need to pay taxes; , as well as the majority of small business owners, directly trying various methods to avoid and evade taxes.

This part of the funds is more than the annual taxes received by the Federal Taxation Bureau. Except for those who really have nothing to do, anyone who has some connections will try their best to pay less taxes. A comfortable day of wanton squandering.

The global finance is a mess of accounts, and the major accounting firms perfectly play the role of accomplices. The industry giants like the four world-class accounting firms also know to be a little restrained. A bunch of small firms, especially those with legal operations Those who didn't get the certificate, they acted recklessly...

   At this time, Ye Dongqing told the other party that he had a large amount of cash, and a greasy middle-aged man named Cooper immediately became interested.

It’s true that cash is more troublesome, but cash is indispensable in their business. Its most convenient feature is that it is easy to hide. It can make the money on the books disappear, so as to avoid taxation.

  For example, let’s say a small boss gets $100,000 in cash, and then transfers the $100,000 proceeds from the company’s account in the name of remuneration, advertising expenses, etc., reducing book profits. As long as the mouth is strict enough, the 100,000 dollars in cash will not be taxed, and you can just use cash for daily purchases, which will save you some money.

   This is just the most common way of tax evasion. Americans have already played tricks on tax evasion. In this era of deposits and national debt income are pitifully low, a few points of tax avoidance are also a large amount of income. No one will dislike their own money.

  Currently, US corporate and personal tax rates are slightly higher, and the tax cuts of the Reagan era are long gone. When corporate profits enter the hands of individuals, there will also be excess progressive personal income tax. The highest level of corporate income tax is levied at 35%, and the highest level of individual tax is levied at 39.6%. Considering such a general environment, the overall Someone is willing to pay the price in exchange for cash for tax avoidance.

  However, the United States is still a country with a low cash flow, which makes cash more valuable. The reason why Ye Dongqing opened his mouth for a 10% premium is that the demand is relatively large, and ordinary people cannot do it, but he has connections.

  Cooper asked a question first, and asked Ye Dongqing to sit down. He didn't ask his name, and didn't care about it at all. He said, "Oh? How much cash does your boss have?"

   "Millions of dollars. I don't know the exact figure. It's just a lot. For the first cooperation, I can sell you 100,000. If you need me, I'll send someone over tonight."

  Facing such a small business, Ye Dongqing wasn't nervous at all, her expression was as calm as before.

   After all, he is an old fox who has seen big winds and waves. It is of course very good that this business can be completed now. It can only be said that it is a pity if they can’t reach an agreement. The income of tens of thousands to tens of thousands of dollars is missing, and they have to find a way to convert cash into numbers in the account.

   "Your commission is not low, others won't charge so much.

   How troublesome it is to have cash in your hands. Others sold it to me at a price of 103%. You must know that I also helped you deal with the shady money by the way. "

  Combined with Ye Dongqing's yellow-skinned face, Cooper subconsciously thought that the money came from unknown sources.

  No way, most of my compatriots are at the bottom of American society, and only a few people are famous. The vast majority of Chinese Americans live in poverty, and it is even more difficult to go to school and find a job. In the end, many people take risks and engage in illegal and criminal activities. Those "small businesses" are the easiest to earn a lot of cash.

  The so-called Nanjubeibeizhi, the marginalization of Chinese residents in American society is an important reason for the increase in group crime rates. Black and Latino groups are prone to lose their jobs, and Chinese Americans are more likely to lose their jobs.

Are you talking about business? It's normal for you to come and I go. The other party quoted a price, and Ye Dongqing was not very satisfied, so she shook her head: "My boss only said 10%, and the price you gave is too low. would agree.

  It seems that you, Mr. Cooper, do not have the sincerity to do business with us. With such a large amount of cash, there is no need to worry about finding a buyer. At least 9.5%, if it is lower, there is no need to continue the negotiation..."

   I just woke up in the morning, and I received news that the ranch has entered again, and I can’t see it anymore. I don’t know why. You asked me why I want to transform, and this is probably the reason. ╮(￣▽￣"")╭

  (end of this chapter)