Yepp… Americans and wage laborers need to learn to use the tax system to their advantage like the rich.
Setup “Small businesses” (candles? doesnt f*ing matter), start doing a shit ton of tax write-offs, open shell companies in Panama, Luxembourg and maybe the U.S. Virgin Islands or Delaware for domestic.
Wash those funds into your shell businesses, write-off some more in a new country (maybe even using physical cash transfer systems to avoid direct-exchange records, like systems in Asia and Western Asia/Middle East do), stash the gains in foreign accounts with high interest rates/ market funds/whatever.
Profit ??? (Hopefully, keep it secret, keep it safe tho)
Congratulations, you’ve now probably dropped your U.S. income bracket level a notch, lots of things are paid for through your LLC now to shield your assets while using your corpo to bear the brunt. All while potentially making extra revenue at a potentially lower/non-taxed rate (depending on cashout, gains, yadda yadda yadda).
Yepp… Americans and wage laborers need to learn to use the tax system to their advantage like the rich.
Setup “Small businesses” (candles? doesnt f*ing matter), start doing a shit ton of tax write-offs, open shell companies in Panama, Luxembourg and maybe the U.S. Virgin Islands or Delaware for domestic.
Wash those funds into your shell businesses, write-off some more in a new country (maybe even using physical cash transfer systems to avoid direct-exchange records, like systems in Asia and Western Asia/Middle East do), stash the gains in foreign accounts with high interest rates/ market funds/whatever.
Profit ??? (Hopefully, keep it secret, keep it safe tho)
Congratulations, you’ve now probably dropped your U.S. income bracket level a notch, lots of things are paid for through your LLC now to shield your assets while using your corpo to bear the brunt. All while potentially making extra revenue at a potentially lower/non-taxed rate (depending on cashout, gains, yadda yadda yadda).
Have fun kids, make sure to share the wealth!
And once you get that all figured out to the point that you’re both rich and bored, run for president!