Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 04:36, 8 January 2025
Note: The author is not a CPA or tax quality. This article is for general information purposes, and needs to not be construed as tax advice. Readers are strongly motivated to consult their tax professional regarding their personal tax situation.
For his 'payroll' tax as a he pays 7.65% of his $80,000 which is $6,120. His employer, though, must pay the same 7th.65% - another $6,120. So involving the employee and the employer, the fed gets 15.3% of his $80,000 which comes to $12,240. Keep in mind that an employee costs a boss his income plus basic steps.65% more.
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In summary, you generate income in your small and hold it in passive profitable assets using good leverage, velocity of greenbacks and compound interest.
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