American Fortune Life
Chapter 1713: There's Always a Way to Go
In fact, whether rich people's taxes should or should not be levied is a topic for many countries that are in a financial crisis and suffer from deficits.
Wealth taxes were initially introduced with the aim of reducing debt deficits. But the truth is that, if implemented, the taxes that might have been received are truly so-called water truck salaries for billions of deficits in countries or states.
The State of New York was not the first region to open its mouth to the rich, as taxes on the rich were long seen as a policy tool for countries to adjust income and wealth distribution and address the disparities between rich and poor.
Just whether or not to pass, even if it does, whether or not to persist is an unknown number.
After all, for many years, there have been a few countries that have been tempted to jump taxes on the rich. However, few countries have actually done so.
The main reason is that excessively heavy taxes will trigger an unstoppable wave of immigrants from the rich, with the direct result of the loss of social wealth and shrinking tax bases. To be honest, the imposition of "taxes on the rich" is really “quenching thirst” and, in the long run, will inevitably have a negative impact on the introduction of external investment and the long-term development of enterprises.
See why so many millionaires run to England, and you can see very clearly the choices of the rich.
One thing remains unchanged, however, is that the rich are always the target of taxation in individual countries.
In fact, in Andy's view, it's really not that important to not levy taxes on the rich, and it's not important to have wealth in anyone's hands, and more efficient capital use is the key.
Wouldn't it be better to let a super-rich man take advantage of the tremendous wealth in his hands to keep his company growing, create more jobs and make more money?
Especially those who are wealthy by developing a real economy or high-tech developers are very respectable, as for building houses, heh...
Of course, the wealthy people of the United States would not be so foolish to let the hard money for half their lives go to the United States government, and the capital markets would not be so foolish to work with “old drivers" for half their lives, and tax avoidance methods would be endless.
For example, the stock god Buffett told investors more than once publicly to select a stock and then hold it for a long time. It's not just his investment strategy, it's his tax avoidance method. Buffett paid a total of $1.85 million in federal income taxes last year. Some wonder how, as the world's top millionaire, taxes can be paid so little a year. The secret is to hold stocks.
Shares held for more than one year under United States law are not subject to any tax on the principal amount of the investment and profits, provided they are not cashed. If cashed in, middle- and low-income groups are completely exempt from taxation and the proportion of the top rich does not exceed 20 per cent. This represents a more than doubling of the tax as compared to a maximum of 43.4 per cent. So long-term holding is not only a reflection of value investment, but also a major tax avoidance treasure.
So, Andy spent so much money copying his shares, not only to make it simple, but also to avoid taxes.
Not to mention other charitable donations, offshore companies, these mainstream tax avoidance methods, and a wide variety of rich people often use tax avoidance methods.
There is, of course, a military-risk way of avoiding taxes, which is to falsely report revenues, and since the United States Internal Revenue Service audits only 1 per cent of tax returns nationwide every year, it is entirely possible to avoid taxes successfully, and if unfortunately reviewed, the worst case scenario is to make up taxes on time. Andy's six-most prospective father-in-law has been doing this for over a decade and is able to give him at least $50 million a year in tax avoidance.
In fact, the line between lawful tax evasion and illegal tax evasion is often blurred. U.S. courts or the IRS themselves are very familiar with all kinds of tax evasion methods, and the wealthiest Americans evade tax by all means and never pay the full amount seriously.
This is also the main reason why millionaires, including Andy, spend money to support a group of tax lawyers.
Neither the wealthy tax nor other taxes pose much trouble for Andy, so while the imposition of the wealthy tax in New York State has attracted discussion and attention throughout the United States over the next few days, Andy's main focus has been on arranging for a series of jobs after he leaves the United States mainland.
As the chairman of the three listed companies Qualcomm, Starbucks and Gaels Clothing, Andy can no longer be as discretionary as he used to be, and although he won't be sitting in one of the companies in town all the time now, he will also show up once a week to preside over the meeting. After all, for the three companies, Andy Smith is not an absolute controlling shareholder, and there is still the risk of falling next to power.
Andy took advantage of the opportunity to repurchase the shares of the three companies on a large scale, increasing his shareholding percentage once again, especially with regard to Starbucks.
However, because Qualcomm's share price has been good since he became owner, and although it has acquired a lot in the secondary market, it is still unable to capture an absolute say, and some institutional shareholders need to be brought together to seek their support.
Andy wanted to get out of this constraint, and Alvitelli had been buying shares in the hands of some institutional shareholders privately, so taking full control of Qualcomm was just a matter of time for Andy, after all, many institutional shareholders would give up long-term investments for short-term high returns.
So, coming down for a few days, Andy was really busy, and by the time he got on board the Hawaiian plane, it was the morning of April 3.
“I'm sorry, darling, I've already flew to Hawaii and can't accompany you to the 44th American Country Music Awards... Well, don't be upset. You'd better come to Hawaii for a vacation after the award ceremony. Take a break. You've been too tired lately. ”
On the plane, Andy smiled and mumbled a little unhappy over the phone, Tyler Swift, concerned to say.
“I'm a little tired, and you're a real pain in the ass, and you said," Come to Australia for my Fearless tour, you're gonna pigeon me again... "” Taylor rebuked him on the phone.
“I'm sorry, I'm sorry, honey, you know, I've got a lot of work to do, but that night when you attacked the Golden Long Skirt and the motion flashed across Sydney, it was really great, and I'm really proud of you.” Andy laughed and said good things to her.
“Huh! Next time you lie to me, I'll never forgive you!” Taylor's voice also became a little happy on the phone.
“By the way, did you like the gift I gave you?” Andy laughed.
“Oh, thank you, Andy. I love it, but will there really be a box office?” Talking about this, Taylor over the phone was very happy, too, because Andy made her Fearless tour into a documentary, ready to be shown on the big screen, but Taylor was a little worried about the box office, which, after all, would be embarrassing if it was too bad.
“Rest assured, your fans will buy very much, and your presence will undoubtedly bring years of quiet country music into a dynamic world. Country music, because of you, is a fait accompli for fans outside of the United States, for city fans to be happy. Honey, you have to believe me, there may be more than a lot of movies in the box office, you know it's all possible!” Andy knows how big the fan economy market is, makes one tour, makes one more discipline, and then he can make another in the collection of Blu-ray DVDs.
“Andy, seriously, I really appreciate the love and support of my fans.” Taylor thought about being admired during the tour, and she truly cherished it for those fans.
“Oh, be nice to them, and when the documentary shows, you can run a few more theaters and surprise them.” Andy laughed.
“Good idea, great... ”