GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Exxon made 45 billion in profit and paid $0 in federal income taxes.

xxweekxx · 04-15-2010, 01:47 PM

i must be doing something very wrong.. i have a great accountant but how do you guys write off everything to basically have no tax..

let me give you an example..

you make $1mil in 2009
your expenses to make that $1mil are only $120,000 meaning computer, internet, ads, etc, everything..

Please explain how you can avoid paying the IRS tax on at least $800,000 income,

only way i see is to take like 800k and dump it into buying websites, etc... otherwise how else can people who make millions pay no taxes, legally

04-15-2010, 01:47 PM
xxweekxx Confirmed User Join Date: Oct 2002 Posts: 6,780	i must be doing something very wrong.. i have a great accountant but how do you guys write off everything to basically have no tax.. let me give you an example.. you make $1mil in 2009 your expenses to make that $1mil are only $120,000 meaning computer, internet, ads, etc, everything.. Please explain how you can avoid paying the IRS tax on at least $800,000 income, only way i see is to take like 800k and dump it into buying websites, etc... otherwise how else can people who make millions pay no taxes, legally __________________ _________________ I am the best