***SBB- Summer Sizzle Sale***- 700 WYSYWG - 400 Auctions! $1, $5 Corals. up to 80% off Starts 7/13/23!!! $2,000 In Games and GIfts!!!!!!!

[CodyBot]

sandcastle

Correct!

 

[Digitalfirex]

I actually take exception to this statement. 'RIch people' hire accountants who have financial literacy to interpret the law as written. It is not the 'rich person's' fault because congress writes laws the way they do. If you want a tax law to not be subject to interpretation make the rules black and white...but they dont. They leave them ambiguous for a reason. The reason that they target poor people is the fact that there is a higher degree of outright tax evasion (lying) for people that need the money. yes the dollars are smaller on an individual level, but the fact is the amount of people that dont hire accountants but cheat...the numbers are pretty huge. Although there are a few well published cases of rich tax cheats, the majority of the rich actually try to follow the poorly worded rules on advice of their accountants, whos entire job is to interpret and properly apply the tax law. I can tell you as a matter of fact, that a majority if not a super majority of accountants try to follow the rules to the best of their ability.

I dont agree with that statement at all. I have several examples but to oversimplify..
When I was younger I got hit with a tax lean against my social... for taxes owed that didn't belong to me. Legit IRS said I owed 6k in taxes that technically should have been charged to someone else. Every lawyer I spoke w said "yeah easy case to win but I will charge you more to represent you... so it's cheaper to just pay the 6k"... I didn't have the cash and worked for a fortune 500. So they just took money out every check to pay it off.

Fast forward to earlier this year, one of my brothers clients got charged with money laundering after being investigated by the IRS. I promise you his biggest mistake was not paying proper amount in taxes... but in the end I doubt he will get 20 years (what he is being charged) and will probably walk away with fines and 5 years. (We will have to wait for the outcome)
But point of the story is... average poor person is hit with 10k, 20k, 30k etc... how many people have to be hit with to accumulate say 10 million in back taxes? 1 rich person might owe 10 million in taxes for just 1 year.... this is what leads to the disparity imo.

Feds Accuse Westport Man Of Money Laundering, Foreign Corruption

The defendant worked as a senior oil and gas trader, according to federal prosecutors.

patch.com

 

[Ben549]

Correct!

that was tricky one

 

[SBB Corals]

I dont agree with that statement at all. I have several examples but to oversimplify..
When I was younger I got hit with a tax lean against my social... for taxes owed that didn't belong to me. Legit IRS said I owed 6k in taxes that technically should have been charged to someone else. Every lawyer I spoke w said "yeah easy case to win but I will charge you more to represent you... so it's cheaper to just pay the 6k"... I didn't have the cash and worked for a fortune 500. So they just took money out every check to pay it off.

Fast forward to earlier this year, one of my brothers clients got charged with money laundering after being investigated by the IRS. I promise you his biggest mistake was not paying proper amount in taxes... but in the end I doubt he will get 20 years (what he is being charged) and will probably walk away with fines and 5 years. (We will have to wait for the outcome)
But point of the story is... average poor person is hit with 10k, 20k, 30k etc... how many people have to be hit with to accumulate say 10 million in back taxes? 1 rich person might owe 10 million in taxes for just 1 year.... this is what leads to the disparity imo.

Feds Accuse Westport Man Of Money Laundering, Foreign Corruption

The defendant worked as a senior oil and gas trader, according to federal prosecutors.

patch.com

winner winner please message us for a $25 GC for being active in this thread

 

[SBB Corals]

tomorrow all the corals go live and the sale starts at 12 noon est. dont miss it! It will be fireworks at 12 noon est!

 

[Ben549]

tomorrow all the corals go live and the sale starts at 12 noon est. dont miss it! It will be fireworks at 12 noon est!

 

[CodyBot]

Clean-Dat-***

Is a new t-shirt in order?!

 

[CodyBot]

GAME REMINDER
SUMMER CUP

The SBB Corals Summer Sizzle Sale is upon us, and so are the games and prizes! The Summer Cup will run the duration of the sale up until roughly 11pm ET on Sunday. For this game, each person that posts "Summer Sizzle" in this thread will be randomly assigned to a team. Each individual game that you win earns your team five points, and each player can score for their team a maximum of twice. After the final game is played on Sunday night, the team with the most points splits a $250 GIFT CARD!!!

You can earn your team an additional point by changing your avatar picture to your team's logo and posting "go time" in this thread. Here are the team avatar pictures that you can use:
​

You can enroll on a team up until 6pm ET on Sunday then no more entries. Good luck!​

 

[Megachipz]

High noon it is!! Let's goo

 

[tbrown]

Sorry Suns... Emergency happened at work. Meter gasket blew at Fry's and water is shooting everywhere. Had to calm my tech and walk him through a repair.

 

[liudachris]

I have yet to grab a one or a five

0-0

im 0 for 10 at this point haha

 

[Megachipz]

Sorry Suns... Emergency happened at work. Meter gasket blew at Fry's and water is shooting everywhere. Had to calm my tech and walk him through a repair.

All good bud. We got ya

 

[Digitalfirex]

Sorry Suns... Emergency happened at work. Meter gasket blew at Fry's and water is shooting everywhere. Had to calm my tech and walk him through a repair.

Are they soggy fries now?

 

[Ben549]

I have yet to grab a one or a five

im 0 for 10 at this point haha

its not 10 total

 

[tbrown]

Is a new t-shirt in order?!

I'm not sure @pandaparties knows about the shirt.

 

[sadrobotz]

Hey hey, back for a bit! How are the dolphins doing?

 

[Thuan]

its not 10 total

3 total (not each) for $1 and $5. $6 is limitless

 

[AllAmericanReefs]

Summer sizzle

 

[tbrown]

Woohoo! Another NonPhoenix Suns!

 

[liudachris]

3 total (not each) for $1 and $5. $6 is limitless

Yea I know. I meant that I looked at 10 of those specials and missed every one of them.