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.
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.
Comment