Chapter 170 - 133 Reasonable Tax Avoidance
"How should I go about evading taxes in a lawful way? To avoid paying the IRS?"
Allen Zhang asked.
Dave paused for a moment, "Young man, that’s a dangerous thought!
But, you’ve asked the right person.
Indeed, there are many ways.
He said subtly: "If you don’t have assets over a hundred million, I wouldn’t suggest you go the route of lawful tax evasion. Actually, it is very simple to not pay this amount, you just need to change the concept, you know people from charity organizations right? Rena works at a shelter, you just need to donate your pre-tax income to a charity that meets IRS requirements, then use internal staff to cook the books, open another savings card, and all your future expenditures use that card under the pretense of charity, the items you buy won’t be under your name, transferring money from left hand to right hand allows you to lawfully evade taxes."
"If the amount is small, a few hundred thousand or million, you can also use virtual coins like USTD for transactions, Jennifer’s earned money has never been taxed, since it’s not settled in US dollars, and as long as you don’t exchange them into US dollars, there are no transaction records, the virtual market’s Ethereum, Dogecoin, Bitcoin and other virtual prices fluctuate, also it won’t affect Tether (USTD)."
Allen Zhang suddenly understood, and decided to set up a virtual coin account when he got a chance.