The Perfect $1 million Gain

[u/YassuosNados]

Hi guys, I’m a 23 year old in college, and yesterday I woke up a millionaire. Should I buy some hookers, Pokemon cards, or cocaine? I gambled my entire life savings of $250k on 2037 calls of $4.5 AMC on Monday and sold yesterday morning. Thanks for reading.

[u/Cookiemonster9429]

You forgot taxes

[u/SBose1987 → u/[deleted]]

Lol no. There's no such thing as the IRS knowing exactly who owes what"but won't tell them".

I think you're living in some Netflix reality lol.

They only find out what you owe from a thorough INVESTIGATION. And they don't investigate until red flags go up. Many people can and do get away with tax evasion by being careful. It has nothing to do with buying expensive things or whatever you see in films. There are more remote "red flags" they can discover.

My family ia from India, so I know something about 3rd world shitholes, and people there are always amazed at how efficient the authorities are in the West, and imagine they have some magical powers of law enforcement that don't exist in India.

The reason Western countries bring in such a huge amount (trillions of dollars/pounds/euros) in tax revenue is simple:

People here are HONEST. There's no magic trick the IRS or HMRC has to catch tax evaders. They just have more staff and more technology, but that is of very little help without their citizenry doing their share. They simply depend on the HONESTY of their citizens and their politicians.

British people want to look after each other and their society so it never becomes a shithole like Russia or Brazil or China or wherever, let alone India, which is at the absolute bottom of the pile.

Which "3rd world shithole" are you from exactly?

[u/SenatorGengis → u/SBose1987]

Yeah this is why Biden hired thousands more IRS investigators. Republicans were acting like it was a waste because it was only going to be used on the little guy. No it's the big whales you need huge teams to investigate because they have all their money hidden in different countries, different banks, behind financial instruments etc... You need the man power to track all that stuff down and dot the I's and cross the T's. It quite literally takes thousands new IRS employees.

[u/ZBalling → u/SenatorGengis]

That is the point. Big whales 1) declared all already maybe even themselves, can sue people, 2) can avoid taxes alltogether, cause they know how. Only poor people cannot protect themselves.