Quote:
Originally posted by stocktrader23
You have a corporation in country X. Your corp only pays taxes on net income. Well, if you take a check to yourself from the corp for $x.xx that is a write of to the corp. So if the company paid you $5,000 you would pay personal tax where you live on $5000. You'd write the $5000 off as an expense so the corp wouldn't pay taxes on it.
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That makes perfect sense, hell Its a great plan
The only problem I see with that is, If you make yourself small checks here and there, its cool. You wont pay much taxes on it. However, a smallish paysite can make a shit load of cash(im sure you already know that), once you start making check to yourself of 100K, 200K 300K.... a year, your gonna be paying personal income tax out the wazzoo! But then again, its taxes and everyone has to pay taxes. Your fucked if you do, fucked if you dont.