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  1. #1
    Join Date
    Apr 2005
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    A Rolling Stone gathers . . .

    A Rolling Stone gathers virtually no taxes:

    The Rolling Stones have paid just 1.6 per cent tax on their earnings of 242million over the past 20 years, it has emerged.
    Documents published in Holland show that Sir Mick Jagger, Charlie Watts and Keith Richards used offshore trusts and companies to ensure tax breaks.
    Of the fortune they have accumulated since 1986 for royalties, they have paid just 3.9 million in taxes.


    More here: http://www.dailymail.co.uk/pages/liv...n_page_id=1773

    Having once attended The London School of Economics appears to have paid off for Mick Jagger and his merry band.

    and as for sorting out their wills, Kieth Richard's fall from a coconut tree this year followed by brain surgery must have spurred them all on to the realisation they do, in fact have mortality.

    hmm, Holland is just down the road from me . . .

    but unfortunately i don't belong to a big band like U.2. (who have followed th Stones' lead) so it's definitely not worth my investigating how to reduce my taxes.

    altho some in the world may be spitting blood at their astute financial management, what they've done is legal and above board. well done clever them.

  2. #2
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    Jul 2004
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    Those offshore trusts are not standing up to our IRS audits, so they are not a good way to go IMO. I think a lot of people that did use them are going to be really sad when the tax man comes to the door.
    Last edited by JBean; 08-05-2006 at 06:55 PM.

  3. #3
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    Apr 2004
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    Quote Originally Posted by Floh
    A Rolling Stone gathers virtually no taxes:

    The Rolling Stones have paid just 1.6 per cent tax on their earnings of 242million over the past 20 years, it has emerged.
    Documents published in Holland show that Sir Mick Jagger, Charlie Watts and Keith Richards used offshore trusts and companies to ensure tax breaks.
    Of the fortune they have accumulated since 1986 for royalties, they have paid just 3.9 million in taxes.


    More here: http://www.dailymail.co.uk/pages/liv...n_page_id=1773

    Having once attended The London School of Economics appears to have paid off for Mick Jagger and his merry band.

    and as for sorting out their wills, Kieth Richard's fall from a coconut tree this year followed by brain surgery must have spurred them all on to the realisation they do, in fact have mortality.

    hmm, Holland is just down the road from me . . .

    but unfortunately i don't belong to a big band like U.2. (who have followed th Stones' lead) so it's definitely not worth my investigating how to reduce my taxes.

    altho some in the world may be spitting blood at their astute financial management, what they've done is legal and above board. well done clever them.
    I know some people will disagree but I say good for them.

  4. #4
    Join Date
    Mar 2005
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    Southern New Jersey
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    If other people didn't have to carry their tax burden, I'd agree "good for them". But unfortunately, since the government is out all that money from the taxes other lower income people have to pay more to cover that loss.

  5. #5
    Join Date
    Apr 2005
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    Quote Originally Posted by bykerladi
    If other people didn't have to carry their tax burden, I'd agree "good for them". But unfortunately, since the government is out all that money from the taxes other lower income people have to pay more to cover that loss.
    What loss?

    what they are doing is legal.

    investigate big business and note what they do.

    and i believe many of the big government players make sure they work their taxes too.

    maybe this post should be in the political forum?

  6. #6
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    Quote Originally Posted by Floh
    What loss?

    what they are doing is legal.

    investigate big business and note what they do.

    and i believe many of the big government players make sure they work their taxes too.

    maybe this post should be in the political forum?
    I personally would love to see a flat sales tax. That way no one has to file taxes, you don't have to worry about loop holes, EVERYONE pays a fair share including people in illegal businesses such as drugs and prostitution. Our tax burdens would be much less but the government would get so much more. Something like a 2% tax on all goods bought excluding food. It would be fair because the poor wouldn't have to pay much at all, the rich would be paying a much larger share because they buy more... but it's all up to you on how much you buy. I think this is fair and we should do away with the IRS. Just food for thought.

  7. #7
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    Sep 2004
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    Quote Originally Posted by Anngelique
    I personally would love to see a flat sales tax. That way no one has to file taxes, you don't have to worry about loop holes, EVERYONE pays a fair share including people in illegal businesses such as drugs and prostitution. Our tax burdens would be much less but the government would get so much more. Something like a 2% tax on all goods bought excluding food. It would be fair because the poor wouldn't have to pay much at all, the rich would be paying a much larger share because they buy more... but it's all up to you on how much you buy. I think this is fair and we should do away with the IRS. Just food for thought.
    That sounds way too simple, lol.


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  8. #8
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    Quote Originally Posted by Dark Knight
    That sounds way too simple, lol.
    It does because it is. They have proof how well this system would work but their are too many parties that want to stay in control of the IRS and tax breaks, etc. I just wish this would come to pass. There'd be no sweating in April, no people going to jail for tax evasion and EVERYONE, I mean EVERYONE would the same percentage.



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