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Show HN: Pay Rent to Yourself and Deduct it Twice like Walmart (Save 33.5 Mil)

• hugh3 15y ago
  I'm pretty sure individuals are unlikely to be able to get away with the same thing. :(
  • sixtofour 15y ago
    Really rich individuals probably can.
    • camz 15y ago
      Technically, anyone could get away with it. But, it's the value proposition that really makes it unrealistic lol. You'd have to be at a point where you're trying to scale your business for this type of tax planning to really kick butt.
      • kaiyu 15y ago
        I need to start a company...
• BillSaysThis 15y ago
  "Does this still work? Federal corporate tax law has closed this loophole, so this tax model is no longer useful for federal level taxation." So individuals, corps, no one's really going to get away with this who isn't already.
  • camz 15y ago
    This loophole is closed for federal corp tax, but its still available for state tax planning.