3 ms·

After a decade or two of these stories it’s clear this won’t change until someone offers a retail solution for everyday small businesses and individuals to enjo

After a decade or two of these stories it’s clear this won’t change until someone offers a retail solution for everyday small businesses and individuals to enjoy the same level of “tAx PlAnNiNg.” It’s the only thing that will motivate the rest of the legislature to plug the holes.

deleted 6y ago
[deleted]
dfgdghdf 6y ago
I don't approve of tax loopholes that large corporates abuse to pay an effective lower rate. However, as an individual we can't change this. My (extremely cynical) advice is to hitch your wagon to theirs. Get some market exposure to these large companies and make their lobbying efforts work for you. It won't make society any more just, but at least you won't get left behind.
- CraigJPerry 6y ago
  If they don’t pay dividends (which they don’t) then what does “Get some market exposure” mean?
  - dfgdghdf 6y ago
    Build a portfolio whose value is in some way connected to their share price. Buy shares, hold them, sell later would be one example.
martinald 6y ago
At least in the UK all the deductions the article lists are open to all sized businesses and are regularly used by small companies, I would assume the same in the US as they are very basic deductions.
sumedh 6y ago
> won’t change until someone offers a retail solution for everyday small businesses and individuals to enjoy the same level of “tAx PlAnNiNg.” Couple of years back when I heard about tax havens, I had an idea why not create a service for individuals/small business people who can use it to open offshore bank accounts and use the same loopholes to save/ minimize taxes legally. Ofcourse I did not have the motivation to do all the research needed for this service but I still wonder if there is such a service for the little guy.
frankydp 6y ago
Loss deductions are not complicated. I have a small business and built a building year before last. Deducted the expenses from that half last year and half this year. It cost me 500 bucks for an accountant that I would pay anyways. It is no different from home office remodel deductions or anything similar.

deleted 6y ago

[deleted]

dfgdghdf 6y ago

I don't approve of tax loopholes that large corporates abuse to pay an effective lower rate. However, as an individual we can't change this. My (extremely cynical) advice is to hitch your wagon to theirs. Get some market exposure to these large companies and make their lobbying efforts work for you. It won't make society any more just, but at least you won't get left behind.

CraigJPerry 6y ago
If they don’t pay dividends (which they don’t) then what does “Get some market exposure” mean?
- dfgdghdf 6y ago
  Build a portfolio whose value is in some way connected to their share price. Buy shares, hold them, sell later would be one example.

martinald 6y ago

At least in the UK all the deductions the article lists are open to all sized businesses and are regularly used by small companies, I would assume the same in the US as they are very basic deductions.

sumedh 6y ago

> won’t change until someone offers a retail solution for everyday small businesses and individuals to enjoy the same level of “tAx PlAnNiNg.” Couple of years back when I heard about tax havens, I had an idea why not create a service for individuals/small business people who can use it to open offshore bank accounts and use the same loopholes to save/ minimize taxes legally. Ofcourse I did not have the motivation to do all the research needed for this service but I still wonder if there is such a service for the little guy.

frankydp 6y ago

Loss deductions are not complicated. I have a small business and built a building year before last. Deducted the expenses from that half last year and half this year. It cost me 500 bucks for an accountant that I would pay anyways. It is no different from home office remodel deductions or anything similar.