Montana LLC Re-Visited
Hi guys, I recently spoke to someone who became a full timer and the conversation was interesting. He told me that he sold his home in New York and set up a Montana LLC. He then purchased a new MH...
Forum Discussion
Ahh, this subject again.
I think mowermech summed it up well, like he always has when this subject comes up - KNOW the law, FOLLOW the law, and DOCUMENT that you followed the law, and you'll not have any problems with the law.
Sounds like this person you met and talked to has done precisely that. I'm not going to begrudge him for it. I personally would probably be too 'chicken' and paranoid to try that, but more power to him for doing it.
I do agree, though, that if I was doing such a thing I sure wouldn't be bragging about it!
Now, as to the question of whether it is 'morally' right to LEGALLY avoid paying exorbant taxes in this manner: IMO thats an awfully slippery slope to climb, and is where all the 'debate' on this subject comes from.
That way of thinking can quickly be twisted around to imply that every last one of us have done something, somewhere (and may well still be doing it) that could also be seen as immoral and cheating on taxes (or other things). Regardless how legal it is.
For example: I live very close to the state border between NC and SC. State taxes on gas are less in SC vs NC, so gas is about 15-20 cents cheaper a gallon in SC. If I drive over to SC to get gas because gas tax is cheaper in SC, am I being immoral, or just using my $$ wisely?
..I could go on and on with various examples of how all of us in one way or another does (or has) found ways to minimize what they pay in taxes, but I bet most would not call those things 'immoral' like these LLCs are being called.
Will
I think mowermech summed it up well, like he always has when this subject comes up - KNOW the law, FOLLOW the law, and DOCUMENT that you followed the law, and you'll not have any problems with the law.
Sounds like this person you met and talked to has done precisely that. I'm not going to begrudge him for it. I personally would probably be too 'chicken' and paranoid to try that, but more power to him for doing it.
I do agree, though, that if I was doing such a thing I sure wouldn't be bragging about it!
Now, as to the question of whether it is 'morally' right to LEGALLY avoid paying exorbant taxes in this manner: IMO thats an awfully slippery slope to climb, and is where all the 'debate' on this subject comes from.
That way of thinking can quickly be twisted around to imply that every last one of us have done something, somewhere (and may well still be doing it) that could also be seen as immoral and cheating on taxes (or other things). Regardless how legal it is.
For example: I live very close to the state border between NC and SC. State taxes on gas are less in SC vs NC, so gas is about 15-20 cents cheaper a gallon in SC. If I drive over to SC to get gas because gas tax is cheaper in SC, am I being immoral, or just using my $$ wisely?
..I could go on and on with various examples of how all of us in one way or another does (or has) found ways to minimize what they pay in taxes, but I bet most would not call those things 'immoral' like these LLCs are being called.
Will
