How does Tomato

[Tomato]

Get money out of sportsbooks without the IRS knocking on his door wanting 40%?

 

[Fu Manchu]

dont report the income

 

[Enigma]

you're a fruit. you have nothing to worry about here.

 

[xpansive]

Move to another country and gain dual citizenship

 

[Fu Manchu]

and pay taxes to TWO countries??

 

[Polaroid]

I can only think it involves a cash only business somewhere along the tomato supply chain.

 

[xpansive]

and pay taxes to TWO countries??

Move to a tax free haven and make it ur primary place of residence....

 

[Matty]

Incorporate. It will not exempt you from paying taxes, but you won't have to pay close to 40%.

Personal income = caca.

 

[pico]

kinda hard if you're us citizen.

 

[Bread]

I am quite confident that Tomato will come out of this smelling like roses.

 

[kato]

tomato always figures out a way.

 

[fiveteamer]

I'm not a tax lawyer but if you just always claim your winnings as a gift then you dont have to worry about anything.

Just always claim everything as a gift.

 

[Fu Manchu]

I'm not a tax lawyer but if you just always claim your winnings as a gift then you dont have to worry about anything.

Just always claim everything as a gift.

 

[rito]

Move to a tax free haven and make it ur primary place of residence....

he would still owe the irs

 

[Fu Manchu]

he would still owe the irs

indeed

 

[roguejuror]

In a simple summary.

1. Incorporate in another country.
2. Hire employees to work as proxies (tech and civil).
3. Wire out, invest, wire in.
4. Pay corporate tax locally.

 

[Fu Manchu]

5. dont claim it and hope they dont go after you

 

[kato]

In a simple summary.

1. Incorporate in another country.
2. Hire employees to work as proxies (tech and civil).
3. Wire out, invest, wire in.
4. Pay corporate tax locally.

6. always show a loss