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ConcreteState t1_iscc3x8 wrote

Reply to comment by theprofessor24 in Real Estate Agents Caught on Camera Facilitating Mortgage Fraud for a Fee by Puzzleheaded-Bug7189

Fraud is fraud.

If a business owner wants income they should pay themselves and pay taxes on this income.

Your made up scenario is illegal twice, for tax evasion and fraud.

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theprofessor24 t1_iscdjz2 wrote

They are not evading taxes. They pay their business taxes, they just don't draw a salary. Nothing illegal there. Like it or not, this is a very real problem that business for self individuals face. Also, like it or not, I am more educated on this topic then 99.9% of people.

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ConcreteState t1_iscex20 wrote

>They are not evading taxes. They pay their business taxes, they just don't draw a salary.

If they want a salary they should pay a salary. And taxes.

> Nothing illegal there.

Incorrect, fabricating a loan application is fraud.

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theprofessor24 t1_iscfg3f wrote

No. You called it tax evasion. I'm saying it isn't. Fabrication of paperwork to close on a house is fraud. We agree.

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tcisme t1_iscp7kw wrote

Would this person with a lucrative business but no income be eligible for Medicaid (based on having a low income in a state with expanded Medicaid)?

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