Attorney Acquitted On Federal Income Tax Charges
While this is not something I recommend you try out at home, its definitely interesting.
A Shreveport attorney who has challenged the government for years on the legality of filing federal income taxes has been acquitted on charges he failed to file returns.
A federal jury unanimously found Tommy Cryer not guilty this week on two misdemeanor counts of failure to file.
And according to Cryer, the prosecution dismissed two felony charges of tax evasion prior to trial.
“The court could not find a law that makes me liable or makes my revenues taxable,” Cryer said. “The Supreme Court has ruled that the government cannot impose an income tax on anything but the profits and gains. When you work for someone you give your service and labor in exchange for money, so everything you make is not profit or gain. You put something into it.”
You can read the whole story here.
I had read a book about this and also saw a website where some attorneys would set you up with a “pure virtual trust” so that you can somehow avoid paying taxes. I really didn’t understand how it worked, my wife said it was a fraud and my tax bracket is incredibly low anyway so I didn’t pursue it.
And we end with a riddle:
Whats the difference between tax evasion and tax avoidance?
About 5-7 years!
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July 25th, 2007 at 3:15 am
The question is did he end up having to pay the taxes? I am assuming yes, but they let him off on not filing. The article also mentioned a trust with dividends and interest which would be profits. You could make the same case for a reasonable return on capital not being “profit”.