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  1. BellaPippin

    OFF-TOPIC They want to amend the IL constitution to eAT tHE rICH

    So uh.. I just got this as a pamphlet in the mail, they want to change the flat rate income tax in IL to be able to randomly assign a tax rate to "the wealthy" and the arguments "pro-change" they give....... it's like Bernie wrote it. Idk, you be the judge. Somewhere in a deep forest a bald...
  2. R

    How does Kiyosaki (Rich Dad) reduce personal income tax liability to zero?

    I have been watching Robert Kiyosaki’s Rich Dad videos on Youtube. Straight up I want to say that I don't particularly subscribe to the stuff he says (I agree with some of the general concepts about getting a financial education, understanding legal tax efficiency steps, and motivational aspects...
  3. PetePreneur

    Who Here Used To Or Currently Files Their Own Tax Returns And Is It Difficult?

    Hi, So I'm about to launch an expensive product brand in the next few months that I'll only be making maybe 1 sale a day for at best in if it goes well and I'm thinking whether it's worth just filing my own tax returns to save money? My previous business was a high volume low profit per item...
  4. R

    Seeking offshore income advice

    I'm FINALLY in a place where I have to start thinking about this Here's the deal. I will soon have offshore income coming in. I'm resident in Japan, Canadian and have no corporate entity. I want to be as tax efficient as possible and fully legal about how I do it. At first, it'll be...
  5. 100k

    OFF-TOPIC How TRUMP Really Got Rich!

    I believe politics is off topics, so let's try not to get into politics. But this is how Trump really got rich; through good ol' pappa Trump. Gotta give it to the man, he figured out how to make money, and used every play he could think off to pass of his wealth to his children while incurring...
  6. Aleph

    Setting up an untouchable foundation?

    I've been playing with an idea of an end goal lately, spurred on by -what I believe- were some extremely shocking examples of gov't incompetence. Spent some time at my parents,where a news paper is available. Old habits and all... It may be outlandish. My parents sure as hell wouldn't even want...
  7. X

    15k Tax Dept With 21

    Hello, i am trying to make this as short as possible. I was earning a good amount of money in 2016. I also put the tax money on a separate bank account so i cant accidentally spend it. But after half a year my money was spend and nothing new was coming in anymore. So i started to use the tax...
  8. TKDTyler

    Do you work for your 401k or does your 401k work for you?

    *Disclaimer: I am not in any way shape or form a license tax professional. I am in no way advocating dodging tax laws – this serves as an informatory post and use of the information should be consulted between you and your own tax professional* Traditionally, 401k’s have been a slowlaner’s way...
  9. SteveO

    Taxation smack upside the head

    Clearly I don't follow along with happenings as well as I should. I called my accountant to help with understanding the taxes that should be expected if I wanted to cash out of the commercial building. As we went through the list.... one stood out.... about 80K to the affordable care act...
  10. eekern

    Have someone on the forum successfully "escaped" uncle sam ?

    Ok, I will jump straight to my point. I pay 47% + taxes now (Norway) and even with a small income I already try to find solutions to this massive problem. I have found pages like this: https://www.nathantrust.com/setting-up-a-company-in-ireland/ But at the same time, I have been reading many...
  11. J

    INTRO Legal entities structure & tax optimization

    Hey guys, I am a french guy who's been living in Asia for 15 years, worked for big firms and opened 900 stores there... and now looking for having a new start with my own business. I follow my partner to the US and will set-up my chain of restaurants. Anyone can advice me on the legal...

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