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113 points jimhi | 6 comments | | HN request time: 0.684s | source | bottom
1. trollbridge ◴[] No.44474877[source]
The headline is a bit clickbait-y. If your business turns a profit, it’s quite challenging to not legally pay taxes on the profits. Not to mention taxes owed on a salary you pay yourself.

If your business just has losses, I suppose it’s true you can eventually find someone else to sell to who apparently wants to spend a lot of money to buy your money-losing business?

replies(4): >>44474900 #>>44475067 #>>44475760 #>>44479343 #
2. jimhi ◴[] No.44474900[source]
This article is literally only about legal means to not pay tax when your company makes a profit
3. coliveira ◴[] No.44475067[source]
If you cannot do what the article says, the only reason is that you're not rich enough.

> pay taxes on the profits

There are techniques to show zero profits, or to get tax breaks on these profits. Some of the most successful companies do this.

> taxes owed on a salary you pay yourself.

You don't need to pay anything to yourself. Some of the richest founders proudly say they receive a $1 salary.

4. swat535 ◴[] No.44475760[source]
And yet, a trillion dollar corporation like Apple pays little tax.
replies(1): >>44480153 #
5. msgodel ◴[] No.44479343[source]
Most investors know how to read a financial statements, selling such a business isn't the hard part. The hard part is keeping the IRS from coming after you for claiming it's a business and not a "hobby."
6. v5v3 ◴[] No.44480153[source]
So they can return maximum dividends to shareholders. Who also won’t pay tax.