offshore legal?



bro, as always, why are you getting advice from a forum? If need be get some ideas but a.l.w.a.y.s. get proper legal advice for the best results. There are some great threads on bhw if you need ideas
 
dude pay ur 5k in taxes on the 20k you made... tired of these threads... if you think tax evasion is a good idea... you are a retard
 
Lol , just seeing if any one had any experience with something like this, profit margins are to high in this game for someone making real money not try and innovate. And when GE makes 14 billion profit and they dint have to pay taxes this year is crazy, Iam not considering tax evasion just trying to play smart.
 
@jsphfcll - Bingo! You nailed it!

You can create a business offshore but your money needs to stay offshore as well. Also, your business and employees really need to be staffed offshore for it to be legit. Once you transfer funds into the US you need to pay taxes on it. And thinking you are going to get away with not paying taxes if you move the money to the US... Good luck man. You might get away with the chump change but once the big money starts rolling in you are going to find yourself in a world of mess - dumb idea!

Brian
 
People who don't pay much in taxes currently always over-estimate how much they will have to pay in taxes one day when they make it big.

Going offshore isn't something most people should even spend time pondering. That time is better spent making money.
 
The average person, if they want to go through all the effort (as it was said you can probably take that effort and just make more money, more than you would save in taxes). But if you want to go through the effort there are plenty of legal things you can do to pay no taxes also to shelter assets etc.

Start a corporation or two or three. Two is better for asset protection or is it three - I forget right now. A owns all the assets. B does business. B leases from A everything, B borrows all capital from A (you need to show loan agreements and make payments). and on and on it goes. You too can play all the games that GE does, legally. I mean crap, I worked for a fortune 100 and they took a life insurance policy out on me for the tax benefits. They do all types of tricks.

If you want to do it, you can. Just takes effort.
 
REIMktg said:
Start a corporation or two or three. Two is better for asset protection or is it three - I forget right now. A owns all the assets. B does business. B leases from A everything, B borrows all capital from A (you need to show loan agreements and make payments). and on and on it goes.
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To truly get away with that, you need to pass the duck test. "If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck."

What this means, is if company A's sole income comes from leasing assets to company B, and especially if company A has the same beneficiaries, then company A IS company B. However, if you took the time to make company A lease assets to other companies also, then you're much better off from a legal perspective.
 
monchi954 said:
Lol , just seeing if any one had any experience with something like this, profit margins are to high in this game for someone making real money not try and innovate. And when GE makes 14 billion profit and they dint have to pay taxes this year is crazy, Iam not considering tax evasion just trying to play smart.
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This is not "innovating", this is talking like you're making money when clearly you are not (for the obvious reasons stated by other posters).

You are not asking questions that you truly need the answer to right now, you are bluffing and bragging, probably because you just had your first $12 day.

If you were any bit serious, and making even a decent living, it would go more like this --
CPA: On the $100k you made this year our total tax bill for the year is about $18k, due April 15.
You: Wow, that's a lot of money. Is there anything else we can do to get that number down? What about offshoring?
CPA: You are a retard.

See what I did there? The CPA was the one calling you retarded, instead of us WF members.
 
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monchi954 said:
Lol , just seeing if any one had any experience with something like this, profit margins are to high in this game for someone making real money not try and innovate. And when GE makes 14 billion profit and they dint have to pay taxes this year is crazy, Iam not considering tax evasion just trying to play smart.
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yep, you have no idea what you're talking about, how GE did this, and saying "profit margins are to high" just proves you're a moron.


innovate? lol
 
you see some good corporation stuff was said I am just trying to bring up a good topic. I am already on the process of changing my LLC to s corp.

dam Mario I thought you would have my back and at least say I know he is a super affiliate lol we aint all driving lambos n bentlys but I bet I ball harder than most the people on here with there 1000 post, people on here think that if you dont post alot your not making money.

so all the people that said I am not making money because of my question etc ....... post your stats for month to date and lets make this even more interesting :)

thats only one network too....

I know alot of you have bigger numbers, others have less but lets let the money talk

month to date
 
monchi954 said:
you see some good corporation stuff was said I am just trying to bring up a good topic. I am already on the process of changing my LLC to s corp.

dam Mario I thought you would have my back and at least say I know he is a super affiliate lol we aint all driving lambos n bentlys but I bet I ball harder than most the people on here with there 1000 post, people on here think that if you dont post alot your not making money.

so all the people that said I am not making money because of my question etc ....... post your stats for month to date and lets make this even more interesting :)

thats only one network too....

I know alot of you have bigger numbers, others have less but lets let the money talk

month to date
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Nice numbers there buddy.
 
Thanks man, I been doing numbers like that for well over a year now, I wasent looking for advice just see if anyone heard of any experience with something like that.


Now where are the shit talkers that called me retarded or said go pay your 5k in taxes? Lol Let's see some numbers people !

Ps I love wf
 
I didn't say anything about being retarded but good job bro!

monchi954 said:
Thanks man, I been doing numbers like that for well over a year now, I wasent looking for advice just see if anyone heard of any experience with something like that.


Now where are the shit talkers that called me retarded or said go pay your 5k in taxes? Lol Let's see some numbers people !

Ps I love wf
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