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How Shaq Avoids Paying Taxes

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Taco
Elite Upper Class Poster
Posts: 5467
Joined: July 9th, 2011, 9:30 am

How Shaq Avoids Paying Taxes

Post by Taco »

Become a Corporation to avoid taxes...

https://youtube.com/shorts/UCzdZDodEM0? ... 4sjMXhYjl3
Paranoia is just having the right information. - William S. Burroughs
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MrMan
Elite Upper Class Poster
Posts: 6899
Joined: July 30th, 2014, 7:52 pm

Re: How Shaq Avoids Paying Taxes

Post by MrMan »

Taco wrote: ↑
May 29th, 2024, 8:51 pm
 Become a Corporation to avoid taxes...

https://youtube.com/shorts/UCzdZDodEM0? ... 4sjMXhYjl3
it's more complicated than that. But even on a schedule C, you can write off a lot of expenses. Instead of taking a vacation, go to a conference related to your job and stay in a hotel for business purposes with your family, who are part of the family business. Then it's an expense that reduces your adjusted gross income.
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