Reborn Wealth America

Chapter 19 Tax Issues in the United States (1)

It takes a certain amount of time to register a patent and apply for technical protection.

But the work in this area, near Los Angeles, is very simple.

After all, the entire Silicon Valley relies on various patents and various new high technologies to survive.

Applying for technology patents, applying for invention patents, has already had a set of fixed procedures and a set of fixed service teams.

Rana Pichai personally led the team to Bluestar Future. The company is currently the only holding investment company and must be taken seriously.

Alvertley didn't go, he wanted to stay in the company to preside over the overall situation.

Abel did not go either.

How powerful and awesome Bluestar's future technology is now is just Piaggio's side words.

Wait until the technology patent is really applied for and is really verified, even after production.

To get real attention.

Now he has some headaches:

Regarding his own personal taxation.

American taxes are very exaggerated!

Personal tax can be up to 45%, corporate tax can be up to 35%.

Especially in California, all taxes are basically calculated to the highest value.

This is also the reason why the Texas economy has developed so rapidly in recent years.

Because among the states with good basic conditions in the United States, Texas has the lowest taxation, and many companies and wealthy people have flocked there.

The rapid economic growth of Texas will soon become the most economically developed state in the United States except California and New York.

Abel explained the problem to Alvertley.

Alvertley was calm after listening.

How to avoid taxation reasonably and legally is simply a necessary self-cultivation for Americans in the United States.

The richest people at the top, such as Bill Gates and Buffett.

The mechanic down to the side of the road.

Legal and reasonable tax avoidance and tax filing are normal in the United States.

The US Revenue Agency is the most powerful government department in the United States.

Breaking the law in the United States does not necessarily go to jail, and you will go to jail if you don’t pay taxes!Those who can squeeze a stone out of the milk are those of the U.S. Revenue Service. Even Superman and Batman have to pay taxes in full.

The most classic piece of the U.S. Revenue Service should be the famous Al Capone.

This is the famous Mafia godfather all over the world. At the time, even the government could do nothing about him.

There is a paragraph in the United States:

"Fbi: hello I want to investigate you"

"Capone: Get Out"

"Cia: hello, I want to investigate you"

"Capone: Get Out"

"US Federal Tax: Hello, I want to investigate you"

"Capone: "

Capone died.

There is a joke, the world’s four most difficult copies of hells: tax evasion in the United States, drug trafficking in China, hostage in Russia, and president in South Korea.

This is all destined to hit the street.

The combat effectiveness of the US Federal Revenue Service is evident.

But the world will always be one foot high and the devil one foot high.

Since tax evasion is so terrible, what can the Federal Revenue Service do to avoid taxation in a reasonable and legal way!

As an elite in the venture capital industry, Alvertley is also a rich man.

He also needs tax avoidance and has experience in this area.

"Boss, I want to ask. Can you predict your income this year? It takes a number."

"The amount of income means the means to avoid taxation."

"How do you tell?" Abel asked with interest.

"For example, if it does not exceed 100 million U.S. dollars, the federal government stipulates that there will be a reasonable and legal tax exemption amount. For example, my annual income is about 3 to 5 million U.S. dollars."

"The reasonable and legal use of the tax exemption allows me to pay only 5% to 15% of the tax. The fluctuation of this value depends on the specific laws and regulations of my state. For example, in California, no matter how reasonable and legal , The minimum payment must be 15%."

"but……"

Alvertly looked at his boss and chuckled:

"But I guess, boss, you need to file tax returns, much more than that."

Just think about it, you can get 100 million US dollars of investment genius in the foreign exchange market in one morning, and the amount of tax declaration must be several billion US dollars.

Abel thought for a while and said, "So far, my personal income this year is about one billion US dollars."

One billion US dollars, if you really pay taxes honestly, according to California's tax law, it is 45%.

In other words, one billion dollars will be given to the federal government and the California government 450 million dollars!

Thinking about Abel, he didn't want to.

What's more, if you continue to use the power of the smoke of fate to operate foreign exchange, the income of 1 billion US dollars must be the starting point, not the end.

So reasonable and legal tax avoidance is indeed very troublesome.

And the U.S. policy is still very rogue. As long as you are an American, no matter where you do business to make money, you need to pay taxes in the United States.

In other words, if tax avoidance is illegal and reasonable, Americans will need to pay two taxes to do business abroad, one is the tax in the country where they live, and the other is the U.S. tax.

Of course.

In fact, there are very few people who really have to pay these two, and entrepreneurs are all very good at it.

Places and initiatives such as offshore companies, tax havens, etc. were born in response to this kind of thing.

Alvertly heard the numbers Abel was talking about and was a little bit stunned.

Because as far as he knows, his boss is only 20 years old this year.

At the age of 20, he has an income of 1 billion U.S. dollars. It is estimated that this can be regarded as the youngest and richest person in the United States.

After thinking about it, Alvertley said: "Such a large income. To avoid taxation reasonably and legally, there are many methods to use."

"As far as I know, there are several ways. Most of the real rich people, they will reasonably and legally use these methods, mixed operations."

"Talk about it."

Abel said with interest.

The dominant part of his soul is from China.The memory of Abel Sefrosa is now completely fragmented.

He took the initiative to find and accept these fragmented memories, so that he could remember the knowledge and memories of Abel.

If you don't actively search for it, these memories and knowledge will not be triggered at all.

So this knowledge of the predecessor will not be re-recorded unless he tries to remember it.

Now that there is an elite like Alvertley who understands this aspect, why should he take the initiative to think about it.

"The first method is the most common method used by the famous and rich people who are in the forefront of Forbes!"

"Charity fund tax avoidance! It is said that at least 2% of taxes can be paid! But there are many restrictions and it is very troublesome. The most important thing is that it needs to pass multiple audits by the Federal Revenue Service!"

Abel knows this, from the famous [Bill Gates Melinda Foundation] to the cutting-edge Facebook’s Mark Zuckerberg "naked $45 billion".

In fact, they all operate like this.

It is ridiculous that before Abel crossed, many netizens on China's domestic network were still worried about how Xiao Ma would live his life after donating all his property.

As everyone knows, he can receive at least several hundred million dollars in income from his own charity fund every year, and he does not need to pay taxes!And if the child inherits in the future, there is no need to pay a terribly high inheritance tax.

"The second method is a bit grey. The Federal Revenue Service does not allow it, but it is difficult to find out. It is to go to those tax havens and build a few shell offshore companies, and operate most of the income to these without paying taxes. Company in the country!"

"Of course there are disadvantages. If you do this, the funds will drift away in the international market. It will be difficult to get these funds into the United States!"

"This is also the method used by many multinational companies, but it has become increasingly difficult! Because the international community is uniting to resist this method."

"The third way, according to the laws and regulations of the Federal Revenue Service, the laws and regulations of the state where each citizen is located, each U.S. citizen will have a certain amount of tax exemption each year. As far as I know, the maximum amount of tax exemption can reach two Billion dollars."

"Besides, there are many other ways."

Alvertley said.

"But I have only learned some of these. If you need specific operations, I suggest that the boss ask a dedicated team to operate."

"Ok."

Abel sighed.

In the United States, taxation is really a big problem.