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re: Is this a loophole option?

Posted on 10/1/13 at 12:01 pm to
Posted by SpidermanTUba
my house
Member since May 2004
36129 posts
Posted on 10/1/13 at 12:01 pm to
quote:


Selling my truck personally. The buyer gave me cash. I read you can't do an act of donation unless you're directly related to the buyer (in order to avoid taxes). Can we do a bill of sale for like $100 to avoid the taxes of the real price ($5,000)?


If you want to break the law and cheat your fellow citizen, then yes.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17444 posts
Posted on 10/1/13 at 2:49 pm to
quote:

If you want to break the law and cheat your fellow citizen, then yes.




you mean if i want to keep more of the money i earn and not give it to people who did not earn it? that's what your saying ... right?
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