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Anybody who makes that kind of money: a) can easily afford a competent tax attorney b) shouldn't be stupid enough to follow tax advice from random strangers on
by allears 5y ago
Anybody who makes that kind of money:
a) can easily afford a competent tax attorney
b) shouldn't be stupid enough to follow tax advice from random strangers on the internet
- tuatoru 5y agoc) should just pay their taxes.
- arthurcolle 5y agothis is like saying "my Rails app is using 650 MB of memory on Heroku and I'd like to optimize the app to use 100 MB max" and someone saying "you should just let your app have memory leaks" Imagine thinking the tax collection agencies and government apparatus that runs so-called "society" is efficient in its expenditure. Give me a break.
- rmk 5y agoc) should just pay their taxes that they legally owe. Optimizing taxes != Tax Evasion
- Bostonian 5y agoThere are many high earners on HN, and presumably the OP would not blindly follow any advice given but use it as a starting point for doing his own research. If some W2 income can be converted to self-employment income, more money can be socked away pre-tax into a SEP-IRA. My wife, a doctor, gets some self-employment income from moonlighting. Some finance executives get compensation as "carried interest" taxed as capital gains.