4 ms·
It sure would be in Jib Inc, the company that will launch about 5 minutes after no corporate taxes and will handle all of my personal finances. :) I'd pay myse
by jib 9y ago
It sure would be in Jib Inc, the company that will launch about 5 minutes after no corporate taxes and will handle all of my personal finances. :)
I'd pay myself a very basic salary, and if I needed emergency cash I could always borrow against my holdings in Jib Inc until I could adjust my salary appropriately.
That would let me defer paying tax indefinitely on anything that I don't need for day to day living, and I would be able to play the margins on a number of major expenses as well, with very little overhead work, since I dont need to worry about taxes for corporate income anymore.
- woah 9y agoThat's called "piercing the corporate veil" and nobody is going to fall for it.
- dmoy 9y agoYa if you make a one person company to avoid taxes, the second the irs looks at it you're gonna have a bad time. This is already true today, and would be especially more true if they drastically lowered corporate taxes.