Evading Taxes

[Manuel A.]

Check this out: http://www.nydailynews.com/news/world/report-21-trillion-hidden-taxman-offshore-accounts-article-1.1119613

So, $21 trillion (which is a low guess they said) taxed at USA's top bracket of 37% gives us about $7 trillion. Well there's the cost of health care covered ;D

What do you think?

[Account Closed]

The tax evaders that put money overseas in hidden accounts are becoming a much smaller pool. The are hefty fines for not reporting overseas accounts with more than 10K and many more countries are sharing the names of account holders with the IRS.

Nothing wrong with legitimately holding money overseas where investors might have better returns, easier access or other needs. Investing overseas is not always about avoidance or evasion.