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The headline is a bit clickbait-y. If your business turns a profit, it’s quite challenging to not legally pay taxes on the profits. Not to mention taxes owed on
by trollbridge 1y ago
The headline is a bit clickbait-y. If your business turns a profit, it’s quite challenging to not legally pay taxes on the profits. Not to mention taxes owed on a salary you pay yourself.
If your business just has losses, I suppose it’s true you can eventually find someone else to sell to who apparently wants to spend a lot of money to buy your money-losing business?
- jimhi 1y agoThis article is literally only about legal means to not pay tax when your company makes a profit
- coliveira 1y agoIf you cannot do what the article says, the only reason is that you're not rich enough. > pay taxes on the profits There are techniques to show zero profits, or to get tax breaks on these profits. Some of the most successful companies do this. > taxes owed on a salary you pay yourself. You don't need to pay anything to yourself. Some of the richest founders proudly say they receive a $1 salary.
- swat535 1y agoAnd yet, a trillion dollar corporation like Apple pays little tax.
- v5v3 1y agoSo they can return maximum dividends to shareholders. Who also won’t pay tax.
- msgodel 1y agoMost investors know how to read a financial statements, selling such a business isn't the hard part. The hard part is keeping the IRS from coming after you for claiming it's a business and not a "hobby."