Chapter 1733 There is always no shortage of ways
In fact, whether the tax on the rich should be imposed is a topic for many countries that are in the financial crisis and are deeply troubled by the deficit.
The original purpose of collecting the rich tax was to reduce the debt deficit. But in fact, even if the "rich tax" is really implemented, the taxes that may be received are really a drop in the bucket for the billions of deficits in various countries or states.
Rich tax has a long history as a policy tool for countries to adjust their income and wealth distribution and solve the huge gap between the rich and the poor, so New York State is not the first region to attack the rich.
It’s just that whether you can pass, even if you pass, whether you can persist is an unknown.
After all, over the years, there have been many countries that are eager to try taxes on the rich. However, there are not many countries that have actually done so.
The main reason is that excessive taxation will trigger an irresistible immigration frenzy in the rich world, and the direct result is the passing of social wealth and the shrinking of the tax base. To be honest, the imposition of "rich tax" is actually really "drinking poison to quench thirst". In the long run, it will inevitably have a negative impact on the introduction of external investment and the long-term development of enterprises.
Let’s see why so many rich people are running towards the UK, and you can clearly choose the rich people.
However, one thing will not change, that is, the rich will always be the target of taxation in various countries.
In fact, in Andy's view, it is really not that important to impose taxes on wealthy people. It doesn't matter who is in the hands of wealth. The key is to use more efficiently.
Wouldn't it be better to let a super rich man use his huge amount of wealth to continuously grow and grow his company, create more jobs, and make more people rich and profitable?
Especially those rich people who rely on developing the real economy or those who make a fortune in high-tech are very respectable. As for those who build houses, haha...
Of course, when New York State wants to impose taxes on wealthy people, the rich people in the United States will not obediently let the money that has been working hard for half a lifetime be handed over to the US government. The "old drivers" who have worked hard for half a lifetime in the capital market will not be so stupid, and tax avoidance methods are emerging one after another.
For example, the stock god Buffett told investors more than once to choose a stock and hold it for a long time. This is not only his investment strategy, but also his tax avoidance method. Buffett paid a total of $1.85 million in federal income tax last year. Some people wonder, as the world's top richest man, how can he pay so little tax in a year? The secret is to hold stocks.
According to US law, if you hold stocks for more than one year, as long as you do not cash out, you will not charge any tax on the investment principal and profits. If you cash out, the middle- and low-income people will be completely exempted from tax, and the tax rate of the top richest people will not exceed 20%. Compared with the highest personal income tax of 43.4%, it has been more than doubled. Therefore, long-term holding of tickets is not only a reflection of value investment, but also a tax avoidance treasure.
Therefore, Andy spent so much money to buy US stocks this time, not only to buy at the bottom, but also to avoid taxes.
Not to mention other mainstream tax avoidance methods such as charitable donations and offshore companies, as well as various tax avoidance methods commonly used by wealthy people.
Of course, there is also a way to avoid taxes by risking, which is to report income lies. Since the IRS only audits 1% of the national tax returns every year, it is possible to successfully avoid taxes by doing so. If unfortunately it is reviewed, the worst case scenario is to make up for the taxes on time. Andy's prospective father-in-law has been playing this trick for more than ten years, and he can give him at least 50 million US dollars in taxes every year.
In fact, the line between legal tax evasion and illegal tax evasion is often blurred. The US courts or the IRS are very familiar with various tax avoidance methods. The richest Americans will avoid tax through various means and will never pay full tax seriously.
This is also the main reason why American rich people, including Andy, spend money to support a group of tax lawyers.
Whether it is the wealthy tax or other tax issues, it does not cause much trouble for Andy. Therefore, although the matter of New York State's tax on the wealthy tax attracted discussion and attention across the United States in the next few days, Andy's main energy is still to arrange a series of work after he left the United States.
As the chairman of the three listed companies, Qualcomm, Starbucks and Gales Clothing, Andy can no longer be the boss of the way he used to be. Although now, he will not always be in one of the companies, but he will appear once a week and preside over the meeting. After all, for these three companies, Andy Smith is not the absolute controlling shareholder, and there is still a risk of losing power.
When buying US stocks at the bottom some time ago, Andy took advantage of that opportunity to openly carry out large-scale stock repurchases of these three companies, increasing his shareholding ratio again, especially his control over Starbucks has become more and more solid.
However, since Qualcomm's stock price has been performing well after he took over, although he has acquired a lot in the secondary market, he still cannot occupy absolute voice and needs to win over some institutional shareholders to cooperate and seek their support.
Andy really wants to get rid of this constraint, and Alvetre has been privately acquiring the shares in some institutional shareholders at high prices. Therefore, it is only a matter of time for Andy to completely control Qualcomm. After all, many institutional shareholders will give up long-term investments in order to achieve a high short-term return.
So, after a few days, Andy was really busy and it was already April 3rd when he made all arrangements and boarded the plane to Hawaii.
"Sorry, my dear, I have flew to Hawaii and can't accompany you to the 44th American Country Music Awards...Okay, don't be unhappy. You'd better come to Hawaii for a vacation after attending the awards ceremony. You've been too tired recently."
On the plane, Andy smiled and coaxed Taylor Swift, who was a little unhappy on the other end of the phone, and said with concern.
"It's really a bit tired. You're so hateful. I agreed to come to Australia to participate in my "fearless" tour, and you let me go..." As he said that, Taylor condemned again on the phone.
"Sorry, sorry, dear, you know, I have something big to do, but it was great that night that you shine through the whole of Sydney with a golden long dress. I'm really proud of you." Andy smiled and said nice things, coaxing her.
"Hmph! I will never forgive you if I lie to me next time!" Taylor's tone became a little happy on the phone.
"By the way, do you like the gift I gave you?" Andy smiled.
"Haha, thank you Andy, I like it very much, but will there really be a box office?" Taylor on the other end of the phone was also very happy because Andy made her "fearless" tour into a documentary and was about to be released on the big screen. However, Taylor was a little worried about the box office. After all, it would be embarrassing if the box office was too bad.
"Don't worry, your fans will be very willing to buy it. Your appearance will undoubtedly bring country music that has been quiet for many years into a dynamic world. Country music is more favorable to fans and city fans outside the United States than before. This is a fait accompli. Dear, you have to believe me, and it may exceed the box office of many movies. You must know that everything is possible!" Andy knows how big the market of the fan economy is. You can make money on tours, then use discipline films to make money, and then release a collector's version of Blu-ray DVD. You can make another money.
"Andy, to be honest, I really thank my fans for their love and support for me." Taylor thought of the sought after being praised during the tour, and she sincerely cherished those fans.
"Haha, then be nice to them. When the documentary is released, you can go to a few more theaters and give them some big surprises." Andy smiled.
Chapter completed!