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How Shaq Avoids Paying Taxes

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

https://youtube.com/shorts/UCzdZDodEM0? ... 4sjMXhYjl3

Re: How Shaq Avoids Paying Taxes

Posted: May 29th, 2024, 10:49 pm
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.