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Reply to "For those of you cheat on your tax return..."
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[quote=Anonymous][quote=Anonymous]I do incredibly well. Numerous businesses, commercial real estate and residential real estate. I lawfully net about $4M in taxable income on my personal return (after maybe $500k in dedeuctiobs) and have (with a steady increase) for years. I would never cheat on my taxes and never have. I already make more than anyone could ever need so it seems pointless. I pay about $10K to have our personal taxes done (we file in 4-6 states annually plus federal). My businesses pay another $20-30k in tax preparation annually. I could cheat if I wanted since it’s largely self reported. My federal taxes exceed $1M and state taxes are around another $400k or so. [/quote] What's your main business other than the REs?[/quote]
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