Login
You're viewing the y.diskcat.com public feed.
  • Aug 31, 2026, 7:29 PM

    @davidcelis@xoxo.zone it's not exactly money laundering, it's how people can take giant amounts of donations that are classified differently under tax laws. There's a lot of things that would otherwise be fairly innocent that exist mostly just to take gift money that ends up funneling into another project, usually politics. The obvious example of this is Super PACs.

    It's just now the US is set up with their tax system. This is how you get rich without paying (as many) taxes and without a foreign bank account.

    💬 1🔄 0⭐ 0

Replies

  • Aug 31, 2026, 7:31 PM

    @ada yeah “tax evasion” was more akin to what i meant but i was too mad to get the right words out

    💬 1🔄 1⭐ 13
  • Aug 31, 2026, 7:33 PM

    @davidcelis@xoxo.zone gets better when you consider both sides get tax relief from this. it's a well known loophole that requires connections and starting capital but it boggles the mind why it hasn't been closed yet. actually it doesn't but you get it.

    💬 0🔄 0⭐ 0