[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 48 KB, 808x767, 1600711495001.jpg [View same] [iqdb] [saucenao] [google]
23270640 No.23270640 [Reply] [Original]

Gents, lets assume you suddenly become a multi-millionaire with only a month or two left in the tax year. What are your strategies to keep as much of your gains as possible without:

A) Doing anything illegal

B) Packing up and moving to some cap gains friendly country

Lets also assume just for fun you already have an operating LLC that could potentially need some capital injection for... R&D? Sure, let's call it R&D. Or maybe you want to start a non-profit and make a large donation or seed funding. Maybe it just so happens that this non-profit is exclusively focused on providing autistic crypto investors with working cap to buy nice houses and big titty e-thots.

>> No.23270659

PAY YOUR TAXES

>> No.23270689

>>23270659
Absolutely! But the point is to pay less.

>> No.23271182

>>23270640

I’m facing the same question myself, but with an s Corp.

Can buy a heavy SUV and depreciate 100% of it.

Opportunity zones?

Lmk what you find please.

>> No.23271975

>>23271182

I forgot most people on this board made nothing

>> No.23272020

>>23270640
Use it purchase assets that is liquid and wont depreciate. Sell off the asset slowly, year by year to minimize income tax

>> No.23272023

>his assets arent owned by an offshore corporation located in the caymen islands