Re: american tax system Quote:
Originally Posted by phaz0rz It was probably be acceptable in USA. The "proper" way to do things is to setup your company and draw a paycheck from it, which is pretty close to what sunspot was saying I think.. | Yea, nah. All of it works in theory but read up on it last night......
If you wanted to split company revenue and personal income and tax separately you'd have to pay 21%+ Corp tax rate on the company. Terrible idea.
Could add to your job description something like 'lives on premises to maintain company property' tho. Might not have to pay rent then.
Think LLC S Corp with salary + dividends is the way to go. You pay flat % personal tax rate on dividends which is still cheaper than staggered % on personal tax.
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