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113 points jimhi | 1 comments | 05 Jul 25 18:21 UTC | HN request time: 0.212s | source

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trollbridge ◴[05 Jul 25 19:20 UTC] 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 #

1. coliveira ◴[05 Jul 25 19:52 UTC] No.44475067[source]▶

>>44474877 #

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.

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How to not pay your taxes legally, apparently