Thank you, but I'm afraid things become more misterious for me. :)
So, every US citizen have to fill "tax return"...
Well, stupid intermediate semantic question - why the fuck "return"? Return of what to whom? Paying part of money you got from employer or customers to IRS is in no way a "return". Or it is assumed that all money is a property of system or sourced by system so you return part of money you got to system?
Sorry, back to question - US citizen have to fill "tax retrun" and show income and pay calculated percent of income. He could extempt some money from taxing showing some acquisitions. Showing he owns a plane with price $10M will save him only $1.2M (or whatever income tax is). How he could save more than price of plane in taxes? Show price of plane he "got in ownership" as $100M? And that persons who did "ownership transfer" did the magic of that "ownership transfer" to not pay taxes for selling or taxes for receiving gift, it that the trick?
Sorry if it is too stupid questions, but I can't get the point. :)
The idea of a "tax return" in America is that the government expects everyone to overpay their taxes throughout the year, then file a tax return form to claim the amount that was overpaid. In this sense, the excess taxes are returned to the worker (without interest, of course!).
Many do not play this game and will underpay taxes so they owe at the end of the year, but if you owe too much there is a penalty fee.
I'm not sure how all of this relates to your questions about the plane. Gifts over 10,000 are taxed. But I don't think this ownership transfer has anything to do with taxes. I think she wants to fly in a private jet without being tracked, so instead of owning a jet officially tied to her name, she has made arrangements to fly in secret on planes she does not own, but has access to in every way. This is guesswork on my part.
The idea of a "tax return" in America is that the government expects everyone to overpay their taxes throughout the year, then file a tax return form to claim the amount that was overpaid. In this sense, the excess taxes are returned to the worker (without interest, of course!).
Thanks. So tax payments is two-stage process - first you pay full taxes, then fill that "tax return" and may be get something back. Got it.
And paying full taxes sounds like some continuous process through the year - you mean you should pay something by yourself to IRS every time you earn some money without filling papers?
I'm not sure how all of this relates to your questions about the plane.
It does not. Just curiosity about practical side of tax paying in US. :)
As for real intentions - looks like it is just a virtue signalling of kind. Funny, that regardless of how many planes you have you could not fly on more than one, so there will be no any difference in so called "carbon emissions" from your persona. :)
What does it mean "transferred ownership"? Is it some special American term? Is it somehow different from "sold" or "gifted"?
Im sure its tax loop thing. They transfer it to someone who needs it and gets a huge write off proably worth more than the plane.
Fucking rich people.
Also I dont understand what the difference between rich people and the nwo/who is supposed to be?
They all work together to enrich themselves and their masters.
Thank you, but I'm afraid things become more misterious for me. :)
So, every US citizen have to fill "tax return"...
Well, stupid intermediate semantic question - why the fuck "return"? Return of what to whom? Paying part of money you got from employer or customers to IRS is in no way a "return". Or it is assumed that all money is a property of system or sourced by system so you return part of money you got to system?
Sorry, back to question - US citizen have to fill "tax retrun" and show income and pay calculated percent of income. He could extempt some money from taxing showing some acquisitions. Showing he owns a plane with price $10M will save him only $1.2M (or whatever income tax is). How he could save more than price of plane in taxes? Show price of plane he "got in ownership" as $100M? And that persons who did "ownership transfer" did the magic of that "ownership transfer" to not pay taxes for selling or taxes for receiving gift, it that the trick?
Sorry if it is too stupid questions, but I can't get the point. :)
The idea of a "tax return" in America is that the government expects everyone to overpay their taxes throughout the year, then file a tax return form to claim the amount that was overpaid. In this sense, the excess taxes are returned to the worker (without interest, of course!).
Many do not play this game and will underpay taxes so they owe at the end of the year, but if you owe too much there is a penalty fee.
I'm not sure how all of this relates to your questions about the plane. Gifts over 10,000 are taxed. But I don't think this ownership transfer has anything to do with taxes. I think she wants to fly in a private jet without being tracked, so instead of owning a jet officially tied to her name, she has made arrangements to fly in secret on planes she does not own, but has access to in every way. This is guesswork on my part.
Thanks. So tax payments is two-stage process - first you pay full taxes, then fill that "tax return" and may be get something back. Got it.
And paying full taxes sounds like some continuous process through the year - you mean you should pay something by yourself to IRS every time you earn some money without filling papers?
It does not. Just curiosity about practical side of tax paying in US. :)
As for real intentions - looks like it is just a virtue signalling of kind. Funny, that regardless of how many planes you have you could not fly on more than one, so there will be no any difference in so called "carbon emissions" from your persona. :)