Quote:
Originally Posted by AzteK
Yeah, I'm going to do this for sure. Here is my dilemma, is this going to take away from what I could be spending on my business? How are people like Jeff Bezos paying nothing in taxes?
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Yes. And that's the problem with saving in advance.
Now you have $25k-whatever sitting in some savings account that you should be spending on your business.
If you are in a position that you can invest in your business, you should be aggressively investing. Not sitting on the sidelines with a savings account full of cash that you are going to get heavily taxed on.
Get a tax lawyer. It will be expensive but I'm telling you it will be worth every cent you give them.