GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Earned $700,000 in the last 3 years, havent paid taxes yet (Canadian)... PLEASE HELP

thebigmook · 08-14-2007, 03:31 PM

I made a similar post a few weeks ago here..
Basically in the last 3 years I have made about $700,000 USD.

I have not bought much with this money.. most of it is still in my bank account.

Now this was hard earned money. 1000 14-hour days day in and day out, 7 days a week.
Ive talked to tax attorney and an accountant, and it seems the only two options I have are
1) Flee the country and never return (you cant get extradited for tax evasion)
2) Pay the tax, all the late penalties.

I should make it clear that working online was my FIRST and only job ever. I have never paid taxes before this, and honestly I thought that I would not have to since this money was all earned from US companies (in US dollars) and Canada did not do a damn thing in helping me earn this money. Being in my teens when I made the majority of my money (I am 21 now) I did not realize that my thinking could be incorrect.

It is not that I do not want to pay my taxes, I do not want to get raped with these taxes. This money was supposed to go help me have a secure future. I pretty much sacrificed my youth to make this money. I have come to understand that if I were to pay personal income tax, it would amount to ~34% per year, an additional 9.5% per year interest, and lets not forget that since these funds are in USD, there will be a conversion factor added in also (because the USD was worth more 3 years ago, so I have to pay what the USD was worth back then). That means for 2005 when I made $200,000, I will have to pay 200000*0.34*1.095*1.095*1.3 = $106,000. I will lose half of my hard earned money to bullshit taxes.

So, I am begging GFY. Does anyone know a decent solution for me? I am a frequent visitor to GFY but I registered a new name to protect myself. I have talked to accountants (which all seem retarded) and a couple of lawyers (who also seem to be retarded) and I have learned nothing from them.

Again, its not that I do not want to pay taxes.. I do not want to pay 55% personal income taxes when corporate income taxes are ~25% here and the highest tax bracket for personal income tax is 39%.

I live in Edmonton, Alberta. My earnings for the last 3 years are
2005 180,000
2006 220,000
2007 280,000 (so far)

Any help will be greatly greatly appreciated. My ICQ is 294043919 if anyone wants to get a hold of me.

08-14-2007, 03:31 PM
thebigmook Registered User Join Date: Jul 2007 Posts: 35	Earned $700,000 in the last 3 years, havent paid taxes yet (Canadian)... PLEASE HELP I made a similar post a few weeks ago here.. Basically in the last 3 years I have made about $700,000 USD. I have not bought much with this money.. most of it is still in my bank account. Now this was hard earned money. 1000 14-hour days day in and day out, 7 days a week. Ive talked to tax attorney and an accountant, and it seems the only two options I have are 1) Flee the country and never return (you cant get extradited for tax evasion) 2) Pay the tax, all the late penalties. I should make it clear that working online was my FIRST and only job ever. I have never paid taxes before this, and honestly I thought that I would not have to since this money was all earned from US companies (in US dollars) and Canada did not do a damn thing in helping me earn this money. Being in my teens when I made the majority of my money (I am 21 now) I did not realize that my thinking could be incorrect. It is not that I do not want to pay my taxes, I do not want to get raped with these taxes. This money was supposed to go help me have a secure future. I pretty much sacrificed my youth to make this money. I have come to understand that if I were to pay personal income tax, it would amount to ~34% per year, an additional 9.5% per year interest, and lets not forget that since these funds are in USD, there will be a conversion factor added in also (because the USD was worth more 3 years ago, so I have to pay what the USD was worth back then). That means for 2005 when I made $200,000, I will have to pay 2000000.341.0951.0951.3 = $106,000. I will lose half of my hard earned money to bullshit taxes. So, I am begging GFY. Does anyone know a decent solution for me? I am a frequent visitor to GFY but I registered a new name to protect myself. I have talked to accountants (which all seem retarded) and a couple of lawyers (who also seem to be retarded) and I have learned nothing from them. Again, its not that I do not want to pay taxes.. I do not want to pay 55% personal income taxes when corporate income taxes are ~25% here and the highest tax bracket for personal income tax is 39%. I live in Edmonton, Alberta. My earnings for the last 3 years are 2005 180,000 2006 220,000 2007 280,000 (so far) Any help will be greatly greatly appreciated. My ICQ is 294043919 if anyone wants to get a hold of me.