Re: Burden of proof
On 15 Aug 96 20:55:12 -0800, molnard1@nevada.edu wrote:
This relates to something I have been wondering about: If one could get one's company to pay one in electronic cash, what is to stop one from piling the coins in a Datahaven somewhere (assuming one existed that would be usable for these purposes) and say to the IRS: Money? What money? Can you find any of my money? I, uhh... lost it! Yeah, that's it!! What is to stop the IRS from pointing out that you received the money from your employer? Maybe you could convince them you were unable to pay, but that would require squirreling away(and refraining from using) all your assets.
On the other hand, if your employer was willing to do some sneaky ecash stuff, then it might get interesting. Alternately, how about having an off-shore bank that supposedly has very high interest rates and fees. "Sorry, this is all I have left" | Chris Adams <adamsc@io-online.com> - Webpages for sale! Se habla JavaScript! | http://www.io-online.com/adamsc/adamsc.htp | Autoresponder: send email w/subject of "send resume" or "send PGPKEY"
On Sun, 18 Aug 1996, Adamsc wrote:
On the other hand, if your employer was willing to do some sneaky ecash stuff, then it might get interesting.
Which alternate universe are you in, Chris, where employers don't want to DECLARE AND DEDUCT their salary expenses - every last penny of it? Which planet is that, where a company can afford to set up a structural cost in its operations, that its competitors don't have?
"Sorry, this is all I have left"
No problem, they will get a judgement against all your future earnings. There are ways around the taxation problem, but they don't involve hiding facts from the US Govt. This is the cold, hard reality. Get used to it.
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Alan Horowitz