“...the Internal Revenue Service has labeled the practice a sham and has successfully litigated the issue against several corporations.”
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discostu:I’m not saying they weren’t shunting income to non-taxable streams, I’m saying that’s not illegal. Tax avoidance is not illegal, you are allowed to use every loophole in the code, that’s why they’re there.
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the IRS says otherwise... insurance must have a legitimate purpose.
Then let them go after WM. At that point WM will pay, either way I don’t really give a crap. It is everyone’s duty to pay as little in taxes as they can legally get away with, I don’t have a problem with anyone that does that, if they crossed the line into illegality then the IRS can go bust them.