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XBX_X on scored.co
10 months ago3 points(+0/-0/+3Score on mirror)1 child
Without getting into too much detail, I know a lawyer who represents a jew business owner. The jew pays himself $1,080/ month, which adds up to $13,000/ year. You don't have to file taxes for wages under $13,000.
Obviously, he's not living off $13k/ year. Every December, he sues his own company for "unjust wages" and orders his second lawyer, representing the company, to immediately settle for 100% of the company profits that year. As you might know, money from a lawsuit settlement is restitution, not income, and is therefore tax-exempt. And because the company "lost" all it's profits in the "lawsuit" it also doesn't have any taxes to pay.
Enjoy this free advice. It's worth a $20,000 legal retainer.
That sounds like the most jewish shit I've ever heard.
I mean obviously it sounds like a loophole, but are you sure there is no way this guy isn't going to get caught and charged with tax fruad if they ever find out?
If the IRS caught wind of this, they'd just shrug their shoulders and move on? Anyone with 3 brain cells can tell this is scam lmao.
10 months ago1 point(+0/-0/+1Score on mirror)1 child
Here's another one: they skip on payroll taxes by paying their employees via Zelle. Everyone is a 1099 contractor, so it's up to employees to decide what they want to report on their taxes as income. The business itself isn't required to withhold earnings for taxes.
And the Zelle account that pays out the money? It's held under a different LLC (#2), and the "employer" is yet another LLC (#3) than where they do their work. So if the IRS wanted to audit the "main" business, LLC (#1), it technically has no employees and it certainly doesn't pay them either. The LLC (#2) that handles payroll also isn't paying employees, it's paying invoices submitted by LLC (#3).
10 months ago1 point(+0/-0/+1Score on mirror)1 child
> But ultimately the 1099 contractor has to report their income, otherwise they'd be in trouble if the IRS finds out about their income.
That's your fucking problem! Mr. Shekelberg is in the clear, and if you try to get him in trouble, don't forget that you signed an NDA, a non-compete clause, and an arbitration agreement. These rat fucks are ruthless and deserve the rope! They use our own laws to subvert us, which is why they laugh and mock us. Most countries don't allow foreigners to own land or do business, and for good reason.
Obviously, he's not living off $13k/ year. Every December, he sues his own company for "unjust wages" and orders his second lawyer, representing the company, to immediately settle for 100% of the company profits that year. As you might know, money from a lawsuit settlement is restitution, not income, and is therefore tax-exempt. And because the company "lost" all it's profits in the "lawsuit" it also doesn't have any taxes to pay.
Enjoy this free advice. It's worth a $20,000 legal retainer.
I mean obviously it sounds like a loophole, but are you sure there is no way this guy isn't going to get caught and charged with tax fruad if they ever find out?
If the IRS caught wind of this, they'd just shrug their shoulders and move on? Anyone with 3 brain cells can tell this is scam lmao.
And the Zelle account that pays out the money? It's held under a different LLC (#2), and the "employer" is yet another LLC (#3) than where they do their work. So if the IRS wanted to audit the "main" business, LLC (#1), it technically has no employees and it certainly doesn't pay them either. The LLC (#2) that handles payroll also isn't paying employees, it's paying invoices submitted by LLC (#3).
Does it make sense, goy?
But ultimately the 1099 contractor has to report their income, otherwise they'd be in trouble if the IRS finds out about their income.
That's your fucking problem! Mr. Shekelberg is in the clear, and if you try to get him in trouble, don't forget that you signed an NDA, a non-compete clause, and an arbitration agreement. These rat fucks are ruthless and deserve the rope! They use our own laws to subvert us, which is why they laugh and mock us. Most countries don't allow foreigners to own land or do business, and for good reason.
Check this one I posted a while ago: https://communities.win/c/ConsumeProduct/p/19AxC0QZwg/consume-income-taxes/c/4eRUZsqMKxF?d=50
100% valid and legal.
There's no "spirit of the law," there isn't a "no, but technically" ruling. These rat basturds know what they're doing.