I don’t know what’s true and what’s not - my only firm conviction is that at some inflection point taxes encourage avoidance.
Tax avoidance is legal. Tax evasion is illegal.
"tax avoidance—An action taken to lessen tax liability and maximize after-tax income. tax evasion—The failure to pay or a deliberate underpayment of taxes. underground economy—Money-making activities that people don't report to the government, including both illegal and legal activities."
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