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LSDefine

Simple English definitions for legal terms

evasion of tax

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A quick definition of evasion of tax:

Term: Evasion of tax

Definition: Evasion of tax means breaking the law by not paying the taxes you owe. This happens when someone hides their income or lies about how much money they make to avoid paying taxes. It is against the law to do this on purpose, and if caught, a person can be fined or even go to jail. Tax evasion is different from tax avoidance, which is when someone tries to legally pay less taxes by using special rules.

A more thorough explanation:

Evasion of tax

Evasion of tax is when someone breaks the law by not paying the taxes they owe. This can happen when a person or business hides their income from the government or lies about how much money they make. To be found guilty of tax evasion, a person must have intentionally tried to avoid paying taxes. If someone is found guilty of tax evasion, they can be fined or even sent to jail. Tax evasion is different from tax avoidance, which is when someone uses legal ways to pay less in taxes.

Example 1: John owns a small business and doesn't report all of his income on his tax return. He is intentionally hiding his income from the government to avoid paying taxes. This is an example of tax evasion.

Example 2: Sarah uses legal tax deductions to lower her tax bill. She is not breaking the law and is using tax avoidance strategies.

The examples illustrate the difference between tax evasion and tax avoidance. In example 1, John is breaking the law by hiding his income, while in example 2, Sarah is using legal ways to pay less in taxes.

evaluative fact | eviction

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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