$447 bil

[shmike]

Originally Posted by fatbuckRTO

In PC's hypothetical, the CEO made $1 million but only claimed $250K on his taxes. He didn't claim that extra $750K and didn't pay the taxes on it. So he paid $62,500 (25% of $250K) vice $330,000 (33% of $1 million).

I'm not sure why the differences in percentages. Ed was working with 25%, PC with 33%.

Originally Posted by Papa_Complex

Tax options, investments, any number of ways that income can currently be 'legally hidden.'



No.

And I stepped on the crickets.



I presumed that Ed was stating tax on capital gains, while I was stating 33% income tax. At least that's what it was, for the top tax bracket, last year.

No, tell me where the money went.

You guys are great at making up theoretical examples of ways to hide 3/4 of a million dollars.

Give me example of these "numbers of ways" to not pay taxes.

Based on the drivel above, I'm fairly certain you can't give me real life case studies.