<$BlogRSDUrl$>
OnConditionofAnonymity
Political and social facts, commentary, and interpretation transmitted without attribution. Shaman Omaha is not responsible for the content of this site.
Saturday, July 19, 2014
A Tax Shelter for the 99%
A highly placed insider at the secretive Offshore Tax Shelter Corporation (OTSC), speaking ON CONDITION OF ANONYMITY, has disclosed that OTSC will soon roll out a new product, the Offshore Tax Shelter Collective. "The new product will be marketed as A Tax Shelter for the 99%" the insider explained. "OTSC believes that the average American is sick and tired of seeing how the big corporations and the wealthy 1% avoid paying their fair share of taxes. Many Americans are envious that some corporations don't pay any taxes at all on billions of dollars of income," the insider disclosed.
According to descriptions provided by the insider, A Tax Shelter for the 99% will allow individuals to invest money in companies located in the Cayman Islands or the Seychelle Islands. "Until now," the insider explained, "the cost of starting up an offshore corporation was more than one low- or middle-class person could afford. Also, these tax shelters required sizable investments that individually the 99% simply could not afford." By combining the investments of many individuals, A Tax Shelter for the 99% will have sufficient funds to assure a zero tax for average citizens. "Say you're a family of four and you have a gross income of $60,000. You're barely making it in America today, and on top of that the IRS will take $3,000 to $6,000 in taxes," the insider said. "If you could save that tax money over several years, you could send your kids to college and save something for your retirement."
OTSC apparently hopes to cash in on the anger of the 99% at the income inequality that has divided America into a few haves and a very large and unhappy population of have-nots.
Archives
11/01/2003 - 12/01/2003
12/01/2003 - 01/01/2004
01/01/2004 - 02/01/2004
05/01/2004 - 06/01/2004
06/01/2004 - 07/01/2004
11/01/2004 - 12/01/2004
02/01/2005 - 03/01/2005
07/01/2005 - 08/01/2005
01/01/2006 - 02/01/2006
05/01/2006 - 06/01/2006
06/01/2006 - 07/01/2006
08/01/2006 - 09/01/2006
09/01/2006 - 10/01/2006
11/01/2006 - 12/01/2006
12/01/2006 - 01/01/2007
02/01/2007 - 03/01/2007
03/01/2007 - 04/01/2007
04/01/2007 - 05/01/2007
06/01/2007 - 07/01/2007
07/01/2007 - 08/01/2007
08/01/2007 - 09/01/2007
12/01/2007 - 01/01/2008
02/01/2008 - 03/01/2008
03/01/2011 - 04/01/2011
04/01/2011 - 05/01/2011
10/01/2011 - 11/01/2011
11/01/2012 - 12/01/2012
02/01/2013 - 03/01/2013
04/01/2013 - 05/01/2013
05/01/2013 - 06/01/2013
01/01/2014 - 02/01/2014
05/01/2014 - 06/01/2014
06/01/2014 - 07/01/2014
07/01/2014 - 08/01/2014
08/01/2014 - 09/01/2014
05/01/2016 - 06/01/2016
