|
right, cuz for example say you worked for microsoft, they could rent a house to you for $10/month, while writing the whole thing off..
so you can technically do the same thing with your corp.. im even bringing this up cuz i was talking to an old friend today and he told me he didnt pay much in taxes for 09 even though he made a shit load of money... how did he do it?
well he said his corp owns his house, furnishes it, etc, and he just "rents it" at a low ass rate
his corp also bought a new bmw for him.
he just pays himself a reasonable fixed salary.. everything else left he just reinvests in buying other businesses,websites, etc.
so he pays taxes on his little salary, and the corp takes care of pretty much everything else.
__________________
_________________
I am the best 
|