bubbahotek Posted April 4, 2013 Report Share Posted April 4, 2013 OK, this is what someone told me. They heard this from someone else, who heard it from some else... If a person emigrates to the US and starts a business. They do not have to pay taxes on that business for 7 years. My question is has anyone else heard this? I have asked 2 CPA tax people this but no one seems to know the answer. I was wondering if this was the reason for so many Chinese restaurants in the US...lol Link to comment
dnoblett Posted April 4, 2013 Report Share Posted April 4, 2013 NOPE. Not paying income tax would get them into hot water if caught, and if convicted, could get their green-card revoked. http://answers.yahoo.com/question/index?qid=20070609014907AAIaHlm http://answers.yahoo.com/question/index?qid=20060628124647AAVukzb http://www.snopes.com/business/taxes/immigrants.asp Link to comment
bubbahotek Posted April 4, 2013 Author Report Share Posted April 4, 2013 I thought it was bogus but with US tax law even crazy stuff can be believable...lol 1 Link to comment
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