Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 9 days agoELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?message-squaremessage-square34fedilinkarrow-up1116arrow-down13
arrow-up1113arrow-down1message-squareELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 9 days agomessage-square34fedilink
minus-squareYurkshireLad@lemmy.calinkfedilinkEnglisharrow-up6·9 days agoI believe they also write off as much as they can as income losses to reduce their tax bill. Minimal or no income? No taxes.
minus-squaresunzu2@thebrainbin.orglinkfedilinkarrow-up5arrow-down3·9 days agoA lot of the expenses are NOT substantiated but limp dick IRS won’t do their fucking job. Same with SEC… Useless regime whores
minus-squareGaspar@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·9 days agoThe IRS only has a limp dick because Repubs won’t allow Congress to pay for their Viagra.
minus-squaresunzu2@thebrainbin.orglinkfedilinkarrow-up1·8 days agoAmazing how party for the “working people” never deliveres anything for them as if it was designed that way by a regime
I believe they also write off as much as they can as income losses to reduce their tax bill. Minimal or no income? No taxes.
A lot of the expenses are NOT substantiated but limp dick IRS won’t do their fucking job. Same with SEC…
Useless regime whores
The IRS only has a limp dick because Repubs won’t allow Congress to pay for their Viagra.
Amazing how party for the “working people” never deliveres anything for them as if it was designed that way by a regime