Let's say a company buys a property for $5million, then sells it to the employee for $1. Could the company write off the property as a loss of $5million and the employee avoid paying income tax? Or is that illegal avoidance? Just a crazy idea I had to avoid paying the 39.35% top tax rate.
2 years ago
0
milerpip
- You might do this, but don't forget about all of the controls that will come with this kind of action. Suppose something like that had been that easy to do. In that case, I am sure that a lot of the population would have avoided a lot of taxes, so even though you don't understand everything in the economic system, what you are willing to do would be a fraud—better thing about how to get all that money to pay the taxes. Search for new trends to make money, such as the https://relentlessfinances.com/brrrr-basics/, and don't try to fool the authorities like that.
2 years ago
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