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Originally Posted by Rhotchkiss
That is tax avoidance, and those people could get in trouble. Also, it would make sense if the vault was required to collect and pay over state taxes for items removed from a vault and sent to a tax state within X months of receipt. I don’t know if such a law/requirement exists.
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Thinking back to my tax class that is tax evasion. Tax avoidance is good, tax evasion is breaking the law.
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.