Is a Devastating Stock Market Crash on the Way?

[mistermack]

I said tax assets, both personal and corporate, if there is a devastating market crash, as in the title of this thread.
If people stop spending and investing, what else is there to tax? And it would encourage people to spend some of their hoarded wealth, rather than keep it frozen as assets.

It's a way out of depression, an emergency measure. Better than decades of austerity.

[rainbow]

No worries. SOLD MY STOCK.

That's what they want you to do.

[rainbow]

Waaa! I don't have a trust fund and somebody else does and that's not FAIR! Take their money to give me more free shit! But trust funds are already taxed. Trusts, like businesses, are considered incorporated entities and have their own taxpayer ID numbers and file their own tax returns. The income that initially funds the trust was taxed, and any interest or profit accruing to the trust is taxed. At least in the U.S., I don't know about other places.

...so what you do is set up a company in the Caymans, owned by a trust that has no official links to you.

Now your US company buys toilet paper from the Cayman entity for $10 per sheet. Every time a member of your staff goes to the loo, the Cayman co makes a huge profit, the US one reduces its profit by the same amount. Therefore less US tax.



Perfectly legal.

[Tero]

No worries. SOLD MY STOCK.

That's what they want you to do.

There's more out there. I can buy them back after Nov election.

[laklak]

...so what you do is set up a company in the Caymans, owned by a trust that has no official links to you.

Now your US company buys toilet paper from the Cayman entity for $10 per sheet. Every time a member of your staff goes to the loo, the Cayman co makes a huge profit, the US one reduces its profit by the same amount. Therefore less US tax.



Perfectly legal.

I like the cut of your jib, lad. Would you be interested in a position with Jabulani Property Management LLC?

[rainbow]

You couldn't afford me, thanks.