GoFuckYourself.com - Adult Webmaster Forum - View Single Post - How do you NOT get fucked in the ass by taxes? (Those making >$500,000 a year)

farkedup · 01-28-2008, 05:30 PM

canada taxes are MUCH worse than the US, if you're near the border come on over..

BUT LLC or S-corp at the end of the year ALL profits are supposed to go on your PERSONAL returns, so YOU get taxed for it just like if you took out a pay check for all of it.

If you're seriously making $500k/yr and its online or in a business you can move I strongly suggest looking into costa rica or one of the islands and getting at least dual citizenship and only bringing the minimum amount back home.

01-28-2008, 05:30 PM
farkedup Confirmed User Join Date: Nov 2007 Location: Kalamazoo, MI Posts: 2,490	canada taxes are MUCH worse than the US, if you're near the border come on over.. BUT LLC or S-corp at the end of the year ALL profits are supposed to go on your PERSONAL returns, so YOU get taxed for it just like if you took out a pay check for all of it. If you're seriously making $500k/yr and its online or in a business you can move I strongly suggest looking into costa rica or one of the islands and getting at least dual citizenship and only bringing the minimum amount back home. __________________ -- QUOTE ME IT MAKES ME FEEL SPECIAL --