Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 1 year 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-square29linkfedilinkarrow-up1118arrow-down13
arrow-up1115arrow-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 · 1 year agomessage-square29linkfedilink
minus-squareYurkshireLad@lemmy.calinkfedilinkEnglisharrow-up7·1 year 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·edit-24 months agodeleted by creator
minus-squareGaspar@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·1 year agoThe IRS only has a limp dick because Repubs won’t allow Congress to pay for their Viagra.
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.
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The IRS only has a limp dick because Repubs won’t allow Congress to pay for their Viagra.
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