Chapter 24: The Enemies of the IRS
Doing business in New York has a higher tax rate than most of the United States, each state has enough autonomy, and the tax system, legal norms, etc., are diverse, and it is not a simple one-size-fits-all approach.
Since Old Sam knew about illegal tax avoidance through cash, other businessmen certainly knew about it.
If it weren't for being blackmailed by Ye Dongqing, coupled with the news that he was suffering from cancer, he urgently needed to transfer his assets before he died to avoid paying high gift tax or inheritance tax, how could this old man be stupid enough to be cut by Ye Dongqing, and ask him to help launder the money The commission is not low.
For hundreds of years, the official agencies of the United States have been tirelessly brainwashing people and enterprises to pay taxes on time and in full, and also gave birth to the perverted organization of the "Federal Inland Revenue Service", which is not only a department, but also has the Office of Appeals, the Bureau of Taxpayer Services, the Bureau of Wages and Investment Income, the Bureau of Small Business and Self-Employed Owners, the Bureau of Large and Medium-sized Enterprises, etc., with a total of more than 80,000 employees.
Even if it is an employee, it will take a while to figure out what the work of each department is responsible for, and some people have been working in it for several years, and they are still confused, which is one of the most important departments of the United States.
No one wants to provoke the Commissioner of Taxes, ordinary IRS employees are terrible, and this big guy is even more terrible in the eyes of people, and there have been companies that have paid a few cents less in taxes, and they have all been found out and honestly made up.
Under the strict legal system, more than 110 million taxpayers in the United States pay about $350 billion to the federal government, and companies also provide a large amount of tax revenue, which is the official data of 2001, and individual income tax accounts for more than half of the total tax revenue.
Almost everyone with a formal job has to deal with the Federal Tax Service at least once a year, which has contributed to a large number of middle-class and high-yield accountants, who are similar to lawyers, and can be regarded as a proper high-income group.
There are policies above, and there are countermeasures below.
The Federal Tax Service is powerful, but it can't resist people's determination to evade taxes, and no one wants some of their hard-earned money to be taken away by someone else, even if it is used to improve social welfare.
To put it another way, if a large group of middle-class people work day and night, but some of the money is used to support the lazy and make them comfortable to receive welfare, then it makes sense that the taxpayers are uncomfortable.
All in all, the IRS will also face a lot of resistance if it wants to collect taxes.
By setting up "charitable trust funds," the tycoons hide trillions of dollars in assets and do not need to pay taxes; multinational corporations deposit their money in other countries and do not need to pay taxes as long as it does not flow back to the United States; ordinary middle and upper class and the owners of small companies directly try all kinds of ways to avoid and evade taxes.
This part of the funds is more than the tax received by the Federal Tax Service every year, except for those who really have no way, but if there is a way, they will try their best to pay less taxes, otherwise a large group of Ye Dongqing's peers around the world will live a comfortable life of wanton squandering.
Global finance is a mess of accounts, and the major accounting firms play a perfect role as accomplices, and the industry giants such as the four world-class accounting firms also know that they are a little more restrained, and a group of small firms, especially those that have not even obtained a legal business certificate, are simply unscrupulous......
At this time, Ye Dongqing told the other party that he had a large amount of cash, and the greasy middle-aged man named Cooper immediately became interested.
It is true that cash is more troublesome, but they are indispensable in this line of business, and its most convenient feature is that it is easy to hide, not where it is really hidden, but it does not leave an "electronic fingerprint", and the money on the book can disappear without knowing it, so as to achieve the purpose of avoiding paying taxes.
For example, a small business owner gets $100,000 in cash and then transfers $100,000 out of the company's account in the name of remuneration, advertising expenses, etc., to reduce the book profit. As long as the mouth is strict enough, the $100,000 in cash will not have to pay taxes, and if you buy something every day, just use cash directly, and you will save some money after all.
This is just the most common way to evade taxes, Americans have already played tax evasion tricks, in this era of low returns on deposits and national bonds, tax avoidance is also a large amount of income, and no one will dislike their own money.
Currently, corporate and personal tax rates in the United States are slightly higher, and the tax cuts of the Reagan era are long gone. The company's profits into the hands of individuals, but also will produce excess progressive personal income tax, the highest level of corporate income tax levied 35 percent, the highest level of individual income tax levied 39.6 percent, considering such an environment, there are always people willing to pay the price in exchange for cash tax avoidance.
However, the United States is still a country with low cash flow, which makes cash more valuable, and the reason why Ye Dongqing opened his mouth to pay a premium of 10% is precisely because the demand is relatively large, and ordinary people can't do it, and he has a way.
Cooper threw out a question first, stretched out his hand to invite Ye Dongqing to sit down, didn't ask him what his name was, didn't care about it at all, and said, "Oh, how much cash does your boss have in his hand?"
"Millions of dollars, I don't know the exact number, only a lot more. The first cooperation, I can sell you 100,000, if you need me, I will have someone ship it tonight. ”
In the face of such a small business, Ye Dongqing was not nervous at all, and his expression was as calm as ever.
After all, he is an old fox who has seen strong winds and waves, and it is of course good that this business can be successful at the moment, but it is a pity that he can't talk about it, and he has to find a way to turn cash into a number in his account if he loses his income of 10,000 to tens of thousands of dollars.
"Your commission is not low, and others will not charge that much.
It's a hassle to have cash in your hands, everyone else sells it to me at one hundred and three percent, and I know that I also helped you with the shady money by the way. ”
Combined with Ye Dongqing's yellow-skinned face, Cooper subconsciously thought that the money was coming from an unknown source.
No way, most of the compatriots are at the bottom of American society, and there are only so many people who are famous. The vast majority of Chinese-Americans, living in poverty, have difficulty in enrolling in school and finding jobs, and eventually lead many people to take risks and engage in illegal and criminal activities, and those "small businesses" are the easiest to earn a lot of cash.
The marginalization of Chinese residents in American society is an important reason for the rise in the crime rate of groups, and the black and Latino groups are easy to lose their jobs, and Chinese Americans are more likely to lose their jobs.
Talking about business, it's normal for you to come and go, the other party quoted a price, Ye Dongqing was not very satisfied, so he shook his head: "My boss only said ten percent, the price you gave is too low, he will never agree."
It seems that Mr. Cooper has no sincerity in doing business with us, and with such a large amount of cash, there is no need to worry about finding a buyer, at least 9.5 percent, and no matter how low it is, there is no need to continue the negotiation......"