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American living in Bali reveals how his daughter will NEVER pay taxes
UK Daily Mail ^
| 8/21/2025
| Alessia Fiddler
Posted on 08/21/2025 6:43:11 AM PDT by fruser1
Richard Garcia, who goes by @richardgarciaofficial on Instagram, shares tips on money and wealth.
He moved from California to Bali with his wife and children, and regularly posts about their life overseas.
'Her bank account is in Singapore, her payroll is collected through a PTe and the family trust is in the Cook Islands.
'She will never pay taxes because she never 'earned' enough or owned anything.'
(Excerpt) Read more at dailymail.co.uk ...
TOPICS: News/Current Events
KEYWORDS: taxation; trustfundnepobaby
What's a PTe? Search indicates payroll time entry but that'd be apps that actually compute taxes for you so not sure how this applies.
1
posted on
08/21/2025 6:43:11 AM PDT
by
fruser1
To: fruser1
2
posted on
08/21/2025 6:43:42 AM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: fruser1
Private Trust Electronic transfer?...............
3
posted on
08/21/2025 6:47:51 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: fruser1
#1 rule in tax avoidance club is don’t talk about tax avoidance. Now that you bragged someone somewhere will change a law and she will. Big brother always gets his tribute.
To: fruser1
5
posted on
08/21/2025 6:50:23 AM PDT
by
vikingd00d
(chown -R us ~you/base)
To: dfwgator
Gonna be tough to pass that off, especially after thumbing their noses so publicly.
The reach of pissed-off tax bureaucrats will surprise these people one day.
6
posted on
08/21/2025 6:51:23 AM PDT
by
larrytown
(A Cadet will not lie, cheat, steal, or tolerate those who do. Then they graduate...)
To: vikingd00d
Pass-Through Entity Ah, that makes sense. Thx!
7
posted on
08/21/2025 6:52:39 AM PDT
by
fruser1
To: vikingd00d
8
posted on
08/21/2025 6:54:34 AM PDT
by
1Old Pro
To: fruser1
I’m guessing “pass through entity”
In other words, her “paycheck” is coming from a company that she controls, so that entity pays the taxes instead of them flowing to her.
Not exactly something we regular wage slaves can take advantage of.
9
posted on
08/21/2025 6:54:51 AM PDT
by
chrisser
(I lost my vaccine card in a tragic boating accident.)
To: fruser1
pass through entity
not sure what any of it means
if she has income and doesnt pay the tax
its fraud
10
posted on
08/21/2025 6:55:19 AM PDT
by
joshua c
To: dfwgator
To: dfwgator
HA! One of his best lines.
12
posted on
08/21/2025 7:04:29 AM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: Resolute Conservative
The power brokers hate when the peasants use the same methods that the power brokers use.
Big Brother's primary goal is to protect the power brokers. Big Brother's secondary goal of collecting tribute is far downstream from their primary goal.
To: fruser1
Living outside the USA
+ Paying no USA taxes
+ Bragging about zero taxes
---------------------------------------
No US Citizenship
^If life was as logical as math.
14
posted on
08/21/2025 8:02:00 AM PDT
by
Semper Vigilantis
(Step 1 to save The Republic: Repeal The Seventeenth Amendment)
To: fruser1
Taking advantage of a tax loophole just means that you are not quite the target the Gub’mt wants you to be.
If this is “wrong” go rewrite the tax code.
15
posted on
08/21/2025 8:58:26 AM PDT
by
bobbo666
To: fruser1
Extended families can acquire a broad range of skills.
Each member could then set their taxable income at the moocher [PPACA subsidy, EIC, child tax credit] sweet spot.
To: Brian Griffin
moocher sweet spot
If you can’t beat them, join them.
To: chrisser
In other words, her “paycheck” is coming from a company that she controls, so that entity pays the taxes instead of them flowing to her.
Not exactly something we regular wage slaves can take advantage of.
If her company is paying income taxes for her, she is still paying them. That's extra income she's not ultimately making. It's no different than, say, Lowe's charging $9.24 plus tax for a wrench, and Ace charging $10, tax included.
It does give a few minor benefits on deductions you can take on the business side vs personal 1040, but nothing that major. If you're freelancing or have a small side business, you can probably save a couple hundred on taxes filing a schedule C. But you also have SE for the self-employment taxes (that normally your employer pays), so I doubt that's what the chick in the article is doing.
And definitely something regular wage slaves can do, but you have to have income of the proper type to do this. Something like 1099s, or if you can convince your employer to hire your company, not you, for your role.. But likely most HR isn't going to be willing to do that. Most regular W2 roles are just straight paycheck/income.
Of course, that's all US-based.. The excerpt doesn't mention where she's actually earning the money, so that's the jurisdiction that would need to go after her. Unless she's just living off the trust, in which case anyone in her situation wouldn't pay taxes on no income either...
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