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"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem."

The book "The Cheating of America" goes in to great detail about how this works (for individuals, not corporations) and it is pretty much guaranteed to make your blood boil. It goes through case studies on a number of specific people - how much they owed, what they did, what the government did, and how it all ended up - but the tl;dr is that it's fairly common for very rich people to end up negotiating a settlement for ~20-40% of their tax bill, 2-5 years after it was due. The quote I remember from it was something like "For those who have tax lawyers on retainer, the number at the bottom of a return is less like a final offer than an opening bid."

0: https://www.amazon.com/Cheating-America-Avoidance-Evasion-Bi...




Wow, that does make my blood boil. Is there any indication as to whether that assessment is still accurate, given that the book is from 2001? I could see this not being the case, given the digitization of money flow and how much easier it might be for the government to get your money, but then again I could see it still being the case.


And the sad fact is that the gov't can't hardline the tax code because the world is so connected that a rich person could move away.

The World needs to have one unified tax code!




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