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by jl2718 1921 days ago
I don’t see how this could work, at least with US tax law.
1 comments

When it comes to tax evasion ("avoision") there is no limit of creativity.
But tax avoidance isn't illegal, this has been tested many times in the US courts.
I'm aware of that (hence the parens and quotes) but I was more referring to what could probably best be understood as "common understanding", that is to say that a large portion of the population would probably be shocked at the kind of sophisticated avoision strategies that have been deployed to minimize tax liability.

The average Joe doesn't declare $100 in income - evasion.

The ultra wealthy don't get taxed on $100,000,000 in income - avoision.