Strategies for Legally Minimizing Tax Payments for Business Owners
By
jimhi
11mo ago· 4 min readenOpinion
65/100
Toasty
Bagelometer↗
Crusty in the right places. Worth the chew.
Score65TypeopinionSentimentneutral
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.
How
