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How do criminals pay taxes on their money without incriminating themselves?

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01-01-2015 , 07:29 PM

#26

Oroku$aki

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Join Date: Aug 2012 Posts: 7,063

Quote:

Originally Posted by ChipWrecked

Drug money keeps the stock markets afloat. Governments aren't interested in stopping money laundering.

You're a drug kingpin, your money is clean now. What are you going to do with it? Invest. Then the government wets its beak.

I can see this. So if the crook and co. play the game well enough, although the gov't likely recognises that there is shadiness on some level, there's some tacit agreement so it too can get a piece of the action. Sounds like a scandalous conspiracy theory, but greed ain't no conspiracy.

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01-01-2015 , 07:30 PM

#27

MikkeD

old hand

Join Date: Sep 2008 Posts: 1,499

Quote:

Originally Posted by niss

fyp

http://grammarist.com/spelling/paid-payed/

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01-01-2015 , 07:52 PM

#28

Oroku$aki

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I thought the Securities and Exchange Commission were like the Untouchables lol

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01-01-2015 , 10:58 PM

#29

pig4bill

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Join Date: Dec 2005 Posts: 35,242

LOL is right. They are one of the biggest do-nothing agencies in the Fed govt.

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01-02-2015 , 01:12 AM

#30

gusmahler

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Join Date: Jul 2005 Posts: 29,443

Quote:

Originally Posted by CubicZirconia

There was a whole episode of the Sopranos where Tony is going crazy because he is going to lose his W-2 from the garbage company. He didn't work for the garbage company he just received a W2 so he could report the income and justify his extravagant lifestyle.

And, for those who don't understand the car wash references in this thread. In the TV show Breaking Bad, Walter White bought a car wash so he would have a "legitimate" source of income. Lawyer Saul also recommended that Jesse buy a nail salon for the same purpose.

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01-02-2015 , 01:20 AM

#31

AlexM

ignored

Join Date: Dec 2003 Posts: 20,655

Have you actually never heard of a front company? Drug dealer owns a strip club or whatever that doesn't actually make any money but reports as if it does?

http://en.m.wikipedia.org/wiki/Front_organization

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01-02-2015 , 01:31 AM

#32

Cerebral

adept

Join Date: Oct 2014 Posts: 964

Quote:

Originally Posted by thediceman

This guy gets it. OP looking for tips.

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01-02-2015 , 01:34 AM

#33

Oroku$aki

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Join Date: Aug 2012 Posts: 7,063

Ya I've heard of front companies, and I'm a Breaking bad fan, so the car wash reference gets love.

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01-02-2015 , 02:00 AM

#34

Oroku$aki

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Join Date: Aug 2012 Posts: 7,063

Society wants criminals to pay taxes on their ill-gotten gains, but the common avenues available to them all seem to be illegal (front companies, money laundering, fraud, etc.). They're forced to commit more crime to pay the taxes on their crimes. I guess that's by design lol. We want the taxes, but more than that, we'd prefer if they quit breaking the law. In an alternate universe, I wonder if the societal costs of crime could be diminished if money laundering and other financial crime was unnecessary, and drug dealers and their ilk could pay the taxes on their income in a straighforward manner without repercussions on that end. Bizarre 1am thoughts.

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01-02-2015 , 02:48 AM

#35

Forfeiture

banned

Join Date: Dec 2014 Posts: 2,070

I'd recommend buying a laser tag facility.

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01-02-2015 , 04:19 AM

#36

Joseph Hewes

self-banned

Join Date: Aug 2007 Posts: 2,466

Amy's Baking Company.

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01-02-2015 , 04:45 AM

#37

Oroku$aki

Carpal \'Tunnel

Join Date: Aug 2012 Posts: 7,063

Ya, and going on Ramsey's show was just some good ol' hiding in plain sight. My god that woman was histrionic. Hope there's a followup on those two lovebirds, even if ABC goes under, actually, especially if it goes under (if it hasn't already.)

Last edited by Oroku$aki; 01-02-2015 at 04:52 AM.

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01-02-2015 , 04:49 AM

#38

Oroku$aki

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Join Date: Aug 2012 Posts: 7,063

Hopefully on Dateline or 48 Hours.

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01-02-2015 , 04:53 AM

#39

Bighurt52235

I was born to eat hamburgers

Join Date: Oct 2011 Posts: 24,130

What's the deal with Amy's Baking Company? I've seen that referenced several times and I don't know what it means.

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01-02-2015 , 04:59 AM

#40

Joseph Hewes

self-banned

Join Date: Aug 2007 Posts: 2,466

People were saying that it's a money laundering operation since the dude doesn't let anyone handle the money.

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01-02-2015 , 05:02 AM

#41

Oroku$aki

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Join Date: Aug 2012 Posts: 7,063

A dyunctional couple in Arizona that owned a bakery and got on Ramsey's Kitchen Nightmares.

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01-02-2015 , 03:26 PM

#42

Doc T River

Master of the Edit Line

Join Date: Sep 2007 Posts: 13,059

Quote:

Originally Posted by pig4bill

Is that in New Mexico?

No, Missouri. As far as taxes go, the Congressman didn't pay his property tax on the car wash for some time.

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01-02-2015 , 03:33 PM

#43

||.||.||

Gifmeister

Join Date: Nov 2011 Posts: 14,058

Crime doesn't pay.

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01-02-2015 , 08:34 PM

#44

Oroku$aki

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Join Date: Aug 2012 Posts: 7,063

Goofball can you give a comment on that CNN fluff piece I quoted in post 18?

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01-03-2015 , 03:31 AM

#45

pig4bill

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Join Date: Dec 2005 Posts: 35,242

Quote:

Originally Posted by Doc T River

No, Missouri. As far as taxes go, the Congressman didn't pay his property tax on the car wash for some time.

Eh, I'm still making the dumb Breaking Bad joke.

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