Mosler Automotive (‘MACC’) was in the business of building Supercars, which is a luxury item that is intrinsically a legitimate business, but Mosler perverted that legitimacy to build VERY EXPENSIVE TOYS for himself and his family members, while writing off the costs from his taxes as if they were legitimate business expenses. This was going on prior to Mosler’s tax-avoiding move to St. Croix (and continued afterwards as well).
A full detailing of Warren Mosler’s Tax EVASION (which is the illegal derivative of “Tax Avoidance”) is below. As an estimate, Mosler’s tax evasion was approximately 25% of the $55million that Warren Mosler put into his hobby Supercar company.
At the bottom of the same email, Mosler is giving his people INSTRUCTIONS on how to scam the Environmental Protection Agency about the illegal 600hp supercharged engine’s legality.
Achieving the 3.5% tax requires that Mosler hire 10 locals to do business work, but several of the people simply take care of Mosler’s toys. The cost of the full-time employees taking car of Mosler’s multiple boats is FULLY WRITTEN OFF of Mosler’s taxes…so he doesn’t even pay the 3.5% on that money. Mosler’s wavepiercer boat and crew are effectively subsizied by taxpayers. Below is Mosler’s Feb 10, 2016 sworn testimony about these employees:
