Strategies for Legally Minimizing Tax Payments for Business Owners
By
jimhi
Crusty in the right places. Worth the chew.
Summary
The article discusses legal ways for business owners to minimize tax payments, including setting up LLCs or C corps and exploiting tax benefits like expense deductions. It mentions Peter Thiel's strategy of buying Paypal shares into his Roth IRA account.
Key quotes
· 3 pulledBusiness owners have the most flexibility of everyone to not pay their taxes.
It is incredibly simple to spin up an LLC or C corp and expense all kinds of things.
Peter Thiel famously bought his Paypal shares into his Roth IRA account.
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