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The case stated that Anderson avoided paying taxes on $450,000,000 earned, which created a loss of $200,000,000 in government taxes between 1995-1999, but pleaded guilty to a lesser amount. His charges were two counts of tax evasion and one count of defrauding the DOC for failing to report income.
The Browns stated that they had not been presented with any statute or law that required them to pay income taxes [89] (see Tax protester statutory arguments). The tax evasion convictions of Mrs. Brown involved the failure to report income of $1,310,706 over a period of five years. [90]
About 25,000 cases involve non-filers who earn more than $1 million annually, while 100,000 instances stem from individuals who make between $400,000 to $1 million. The tax agency added that while ...
Tax evasion or tax fraud is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income ...
Tax evasion, failure to pay taxes, conspiracy to commit a tax offense or conspiracy to defraud: A maximum of five years in prison and a $250,000 fine.
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Al Capone was successfully prosecuted for tax evasion. Additionally, Soviet spy Aldrich Ames, who had earned more than $2 million cash for his espionage, was also charged with tax evasion as none of the Soviet money was reported on his tax returns. Ames attempted to have the tax evasion charge dismissed on the grounds his espionage profits were ...
Avoid paying tax on capital gains with the "buy, borrow, die" technique: Buy or earn capital assets like stocks and real estate, and then never sell because assets do not count as income until sold. Using capital assets as collateral to borrow spending money at interest rates considerably lower than the tax rate; loans are not taxed as income.