MTL - Wall Street Legend-Chapter 15 big fish bite

  Chapter 15 Big Fish Bite the Hook

  The main reason why Ye Dongqing went to such lengths to cheat Old Sam was that he wanted to make money through him, earn a little more wealth, and then use it to invest himself and live a good life.

  The last time I talked to this old man, I saw with my own eyes that someone paid the rent in cash, and then the rent was discounted.

   From this, he guessed that Old Sam is mostly using cash transactions to achieve tax evasion. Apart from this reason, there is no reason to advocate using cash to pay rent. Online transfers or credit card swiping are undoubtedly more convenient.

  It is difficult for the authorities to track down cash transactions, so people like to use cash to avoid being traced by the Federal Taxation Bureau. After working in the money laundering business for so many years, Ye Dongqing has extraordinary insight, and naturally thinks about tax avoidance.

  Flies don’t bite seamless eggs, and they are not law-abiding good people. Now it depends on whether he can deceive the other party and benefit himself from it.

  If there is only a little cash that has not been taxed, it is not worth Ye Dongqing's great efforts to deceive Old Sam into the trap he set.

  He is still trying to find out, and more importantly, the old man has cancer. If he can think more about his children, he will choose to leave more money to them, such as this apartment that can continuously bring in income.

Cash can be given directly to the children, and the possibility of being traced is not high. However, real estate is not acceptable. Whether it is a gift before his death or a will to let the children inherit after his death, he needs to pay a large sum of money. Tax.

According to the regulations that have continued since 1999, the inheritance threshold is 650,000 U.S. dollars, and the tax rate is excessively progressive, with the highest tax rate reaching 55%. Ye Dongqing feels that the valuation of this building is at least as high as 2,500 In other words, following the normal path, the inheritance tax can reach tens of millions of dollars.

The gift tax is more complicated. Taking into account the deduction, appreciation and other factors, it is also necessary to pay millions of dollars, which is not much less than letting them get the inheritance. It depends on how many children Old Sam has, because everyone can get it. Amount of deduction.

  The United States has been developing steadily for two to three hundred years. Its legal system is relatively complete, and its policies are more inclined to obtain wealth from the rich and distribute it to the poor as welfare to achieve a rebalance.

It's a pity that the idea is very good, but the rich will not sit still, so on the basis of high inheritance tax, they prefer to realize the long-term transfer of wealth by establishing charitable trust funds and other methods, and the transfer of wealth through charitable foundations does not require too much money. more taxes.

  The pit has been dug, just wait for the old man to jump into it.

Old Sam did not disappoint Ye Dongqing, and asked nervously, "Tell me, what exactly does your cousin do? How can I evade taxes? I have always insisted on paying taxes, and investigating me is a waste of public resources!" "

   "Hey, there's no use talking to me about this."

Ye Dongqing suppressed a smile in her heart. Seeing that Old Sam couldn't sit still, she became even more convinced that the old man had a ghost in his heart, and continued to open his mouth and said, "The special investigator mainly represents the IRS to find out suspicious taxpayers, and then send them to the In prison, there is also a large fine, which is punitive and much higher than the reasonable tax rate.

  I heard from my cousin that you have been collecting cash rent, part of which has been paid in taxes, but more has been hidden by yourself. Combined with rent, occupancy rates, and your total tax bill each month, the discrepancy is huge, trying to figure out where you stash your cash. "

  How did he know the specific inside story? Based on past experience, he could guess that many stores illegally evade taxes through cash. Just from the analysis of Old Sam’s rental income, the amount of tax evasion should be indispensable, and it has already broken away from the category of small troubles.

Judging from the trembling micro-expression of Old Sam's lips, Ye Dongqing knew that he was probably right, so he threw out the bait at this appropriate time, without giving the other party too much time to think: "He asked me to tell you that he wanted to talk to you on the phone in private. Let’s talk, and he also said that the investigation was conducted secretly by himself, and it was not reported to the official system, what does this mean?”

  Deliberately pretending to be ignorant and ignorant. When encountering this kind of thing, people generally don’t like people who are too smart, because they are worried about being cheated and will become wary.

  Old Sam is not young, although his brain is not very bright, but the accumulated life experience has turned him into an old fox.

   Instantly understood the deep meaning, guessed that he was probably being blackmailed, and there was still room for manipulation, cursed a few words inwardly, and felt grateful for it.

Feeling like a roller coaster ride, there was a big ups and downs, after careful consideration, I planned to talk to the special investigator of the Federal Tax Service first, shook my head and said: "It's okay, I probably made a mistake, what is your cousin's phone number?" I'll call him and talk to him, he's already dying, and I don't want to be buried in the ground with misunderstandings."

  The big fish bites the hook.

  At this moment, Ye Dongqing just wanted to laugh, feeling that he probably caught the old man, and felt at ease.

  It's hard to imagine that successfully deceiving people will also produce a sense of accomplishment, mainly because of the feeling of crushing the other party in terms of IQ and playing with others in the palm of your hand.

  The reason why he went astray in his previous life was because he was poor on the one hand, and on the other hand, he was too smart and rational at a young age to understand that it was difficult to get ahead in a part-time job.

  This life is different. His body is young, but his mind is no longer young. He does things with a strong purpose, and he only intends to make the first pot of gold before stopping.

  Since there is a brighter golden road in front of me, there is no need to continue to take risks. Although it is not easy to enter the business world with this Chinese face, the memories in my head are an advantage that others cannot match.

   Not wanting to get burned, Ye Dongqing followed Old Sam's topic and lied casually: "The number is in my mobile phone, I will tell you later."

  I'm not prepared enough, and I'm planning to buy a mobile phone for temporary use.

   Hastily decided to take the bait of the old man. The specific implementation method needs to be considered again. First, he went out and bought a pre-charged bearer phone card. It cost him thirty dollars and a bottle of water. This time he was really out of money.

  Whether it can succeed or not depends not only on what old Sam thinks, but also on how Ye Dongqing talks to him.

  After changing a mobile phone card, I waited patiently in the room for a while. After an hour, I realized that I couldn’t continue waiting like this. My stomach was growling with hunger, so I took two watches and went out to cash in.

  …

   It's snowing in New York.

  Street lights and high-rise lights intersected, and small snowflakes fell all over the sky, and were blown to all parts of the city by the wind.

  Even if this is a lower city with lower housing prices, it is not easy for ordinary people to own a house of their own nearby. Half of their monthly income is only enough to pay rent.

  Regular **** companies will ask for certificates such as invoices, and occasionally record certificates, which is troublesome. Ye Dongqing successfully sold two watches in Chinatown, and got 18,000 US dollars, which was credited into his bank account.

  The boss didn't bother to ask any more questions, so he directly cleared the money and the goods. He probably thought Ye Dongqing was a thief, and when he went out, he even said something, telling him to sell it to himself if he had the goods in the future.

  No matter what, it was a good day worth celebrating. Ye Dongqing took a taxi as soon as he went out and went to Fifth Avenue after seeing so many gangsters.

  Preparing to go shopping in the snow, and I have class again tomorrow...

  (end of this chapter)