Can any USA tax lads please go more in depth and in detail about how to set up a tax efficient business+trust?Particularly how to be the most tax efficient with a business that is also protected by within a trust? S-Corp or C-Corp? Both in the same state? Offshore? How do you avoid double taxation?Most importantly, how would you invest personal and business income in long term stocks that you select?How would you deal with income you got from an actual job somewhere which is not part of the your business but that you wanted protected by a trust and invested in your choice of stocks?What would all the target tax rates be?Please detail everything. Provide tips and cover all risks, etc. I have tried studying this on my own but the scenario I want in which all income from business and personal in custom selected stocks while protected by trust and taxed as small as possible, complicates things.
>>62218140consult a great tax attorney and a cpa
>>62218140if you make a personal s-corp you can expense everything in CA like paying for your own health insurance for example but you pay a minimum franchise tax of $800 even if you made nothing so not great for side-hustles owned by me that made nothing
>>62218140Formula F1. If you can spare 10m, sponsor an F1 team and then expense your entire life
>>62218140Totally off-topic but it really makes me seethe that I’m really out here paying 25 percent of my income to pedophiles, then on top of that I get taxed on investments, purchasing anything, property, etc. Our ancestors tarred and feathered tax collectors over a 2 percent tax on stamps and now we work for three months out of the year for the government.
>>62218211This is basically the grift. You set up an S-Corp and deduct everything as a “business expense.”It is also illegal to claim a business deduction for personal expenses, but this never stopped black people on TikTok from expensing the lease payments on their Chryslers.
>>62218140I hate redditors and normies and low iq's. Pic related is such a retarded analogy. The company gets tax deductions because those expenditures were related to income generation. A person can do the same thing by getting tax deductions on things deemed necessary for work or income generation. You spending your income on overpriced doordash is not related to income generation.
>>62218357Yeah just pay 10m to save 4m in taxes goy. Not a very smart jew. This is only worth it if you were going to spend money to live that lifestyle anyway, or you needed the marketing regardless.
the business spent that 3.9B on salaries to all the retards making 60k
I paid like 95k in income tax then got clocked for 4k more when I did my taxes.
>>62218140Unless you make serious cash, this is the best you can hope for.
>>62218495huh? i can't work hungry
>>62218140Talk to @TheJerzWay on X (he will require payment), but he's a pro. He'll probably also recommend getting your REPS and residency in Puerto Rico.
>>62218140Just don't pay your taxesMost of them go towards jews and the rest goes towards trying to bring in as many third world subhumans to replace you as possibleIt is probably the most cucked thing you can do in the current age, especially in the U.SAnyone who disagrees with this should respond with "I am a good goy cuck" because there's no rationalisation or argument to make what I'm saying any less true.
>>62218140>That's not–You don't pay taxes at all, do you?You don't know what a Standard Deduction is, do you?>File by May 15thYeah, whoever wrote this has never paid taxes in their life.>>62218507>This is only worth it if you were going to spend money to live that lifestyle anyway,He was. They all do. This is "Hollywood accounting". But now he can use his business to fund it with no risk to his personal assets.
>>62218844Your basic needs are covered by the standard deduction.
>>62218357Good job shlomo!
>>62218140Tell me you don't know the fucking difference between a W2 and a 1099 without telling me.
>>62218405Ben affleck explains how to do this in the Accountant movie.
>>62218405Yes, but ultimately this just lets you live an inflated lifestyle at a discount. If you don't really want a G wagon, even making it tax deductible doesn't really help because you've still got to pay for the non deductible amount. And if you don't have a business that lets you pretend like maybe you need it (ie. A real estate agent taking wealthy clients to see homes)
>>62218140>60k income>58k expensesyeah no wonder the person who made this meme doesen't understand taxes
