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eh, it always seemed to me that consulting was really only a win if you were consulting to support another business... e.g. if I can earn $100/hr and turn aroun
by lsc 16y ago
eh, it always seemed to me that consulting was really only a win if you were consulting to support another business... e.g. if I can earn $100/hr and turn around and plow that money into my hosting business the same year, that seems huge in terms of net-worth growth. Yeah, I still gotta pay the piper when the money comes out, but meanwhile I can use it to grow more money. (and really, once I'm rich, I like to think that losing a bunch to the tax man will hurt less.)
The problem with this approach is, of course, that if you screw up your accounting and get audited, you can come away with some silly high tax bills that can't be discharged by bankruptcy.