Loopholes that corporations use to avoid taxes.

Investigator Joe Eskenazi discovered that most corporate owned buildings in SF are bought and sold as "Equities",
so they are never reported as a sale of real estate.
Never.
That way they never need to pay a true assessment on the price the property was sold for.
Using this scam contract they pay only 5% of the true sale price,
as the property is sold under a complex scam written
specifically to use a fradulent interputation of Prop 13.
Total scam.
This is the biggest story of 2012.
Because the attorney discovered the secret code the
fraudlent contracts are written in,
which can now be used to decode
all the other fraudlent corporate contracts.

This is the first step in collecting $30 Billion in property taxes
owed the State of California.
Most corporations use this form of fraud.
The code has been broken.

Category:

Comedy

Tags:

• +Prop 13
• +Proposition 13
• +abolish 13
• +kangas
• +tax
• +fraud