Anonymous wrote:Anonymous wrote:So will the victims have to pay some sort of taxes or no?
Why would they have to pay taxes? The jewelry was not sold so they made no profit. They didn't have the money in anything profit making so there is no income to report on it.
It’s a valuable asset. People should be taxed on wealth, regardless of what it is or whether it generated a profit or not. The fact is they have it, and should be taxed on it simply because they possess it.
If you have $1,000,000 worth of jewelry, you can afford a 25% annual tax of the value of it.
Anonymous wrote:Anonymous wrote:So will the victims have to pay some sort of taxes or no?
Why would they have to pay taxes? The jewelry was not sold so they made no profit. They didn't have the money in anything profit making so there is no income to report on it.
It’s a valuable asset. People should be taxed on wealth, regardless of what it is or whether it generated a profit or not. The fact is they have it, and should be taxed on it simply because they possess it.
If you have $1,000,000 worth of jewelry, you can afford a 25% annual tax of the value of it.
Anonymous wrote:So will the victims have to pay some sort of taxes or no?
Why would they have to pay taxes? The jewelry was not sold so they made no profit. They didn't have the money in anything profit making so there is no income to report on it.
Anonymous wrote:No. Arabs and Asians did not have gold because it was ill-gotten wealth or wealth through tax-evasion. (Way to be racist, you Mother-f'ing White trash ahole republicans!)
These people were targeted because culturally the women are given 22K and 24K gold jewelary when they get married by family, relatives and guests. They also socialize a lot within their ethnic group and jewelry is worn for a lot of social occasions. Which means that they need it at home (in a safe) for easy access.
Gold is easy to melt and dispose.
So will the victims have to pay some sort of taxes or no?
Anonymous wrote:
Anonymous wrote:
YIKES...they struck at Lori Loughlin's home and made off with 1 Million in jewelry
https://www.yahoo.com/entertainment/lori-loughlins...million-jewelry-191448683.html
Welp.
While police were not sure if Loughlin and Giannulli's home was specifically targeted, they do believe the heist was carried out by a South American burglary crew that travels into the country and quickly leaves, according to TMZ.
I never knew they were Asian! What do you bet they read the article and set it up to commit insurance fraud. Who keeps a million dollars in jewelry on top of her dresser? There have been reports that they are divorcing so maybe one partner set it up to liquidate assets. I hope they enjoyed prison.
Anonymous wrote:Anonymous wrote:YIKES...they struck at Lori Loughlin's home and made off with 1 Million in jewelry
https://www.yahoo.com/entertainment/lori-loughlins-home-robbed-1-million-jewelry-191448683.html
Welp.
While police were not sure if Loughlin and Giannulli's home was specifically targeted, they do believe the heist was carried out by a South American burglary crew that travels into the country and quickly leaves, according to TMZ.
Anonymous wrote:YIKES...they struck at Lori Loughlin's home and made off with 1 Million in jewelry
https://www.yahoo.com/entertainment/lori-loughlins-home-robbed-1-million-jewelry-191448683.html
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:If you have that much, why wouldn't you have a nice safe?
or a safe deposit box at a bank.
Not Asian but I think they are keeping all this cash at home (in literal physical currency or gold/jewels which can be transformed into currency) because they don't trust banks. That and its easier to fool the IRS if you're not making bank deposits especially with Biden's new $600 deposit rule.
South Asian here and no. There certainly may be a trust issue, but there's no tax evasion going on here. South Asian and Middle Eastern people have a lot of gold jewelry. Do you know nothing?

Anonymous wrote:Anonymous wrote:No. Arabs and Asians did not have gold because it was ill-gotten wealth or wealth through tax-evasion. (Way to be racist, you Mother-f'ing White trash ahole republicans!)
These people were targeted because culturally the women are given 22K and 24K gold jewelary when they get married by family, relatives and guests. They also socialize a lot within their ethnic group and jewelry is worn for a lot of social occasions. Which means that they need it at home (in a safe) for easy access.
Gold is easy to melt and dispose.
Not $60,000 worth of gold with little rubies. Please.
Anonymous wrote:No. Arabs and Asians did not have gold because it was ill-gotten wealth or wealth through tax-evasion. (Way to be racist, you Mother-f'ing White trash ahole republicans!)
These people were targeted because culturally the women are given 22K and 24K gold jewelary when they get married by family, relatives and guests. They also socialize a lot within their ethnic group and jewelry is worn for a lot of social occasions. Which means that they need it at home (in a safe) for easy access.
Gold is easy to melt and dispose.
Anonymous wrote:That’s a lot of cash and gold to have in your house. Wow.