Message from @UOC
Discord ID: 343137813652307969
But that's probably overkill for what you want.
firms with estate planning practices would probably also have the info you want
my guess is, and this isn't advice, is that they'll tell you to max out tax-sheltered investment vehicles like a 401(k) (which you can sponsor for yourself under a certain self-employment provision or as an LLC) and a "backdoor" IRA
You would then just pay income taxes on income you are paid from the trust
for which a certain deduction is available, iirc
taxes on capital gains in complex trusts gets into a level of specialization I don't have
S-Corp is a good idea since you seem to be funneling everything into long term investments, but you would want to check on how your state treats S-Corps because it varies a lot and some just treat them as regular old C-corps
I see
I do not consider 401gay to be a tax shelter
Are you an actual lawyer @UOC
yes
retirement accounts are no good for me unless they are going to provide me a tax advantage on paying my bills from them at age 31
Or just a fag
Oh cool
lawfag
I will take your advice though
just look up tax lawyers from l33t practices
How much money are you playing around with
Out of curiosity
If you want to pay out of accounts at 31, don't use the common tax sheltered stuff. But depending on what you want to pay for, Roth IRAs have some pretty good provisions for like first time home purchases
But IRAs and 401(k) are still a good idea because they're capped relatively low. You don't really miss out on much by contributing the 21000 total or whatever it is now, and it's a good long term hedge
because it's pre-tax it would lower your effective income
lowering your effective income is the name of the game in tax these days
business write-offs, shelters, etc
@TendieLord He's projecting 6 figures annually from this scheme
1-200 I think he said
worth getting tax advice for sure
What scheme
selling chinese trash to idiots
Is he prostituting himself?
Oh that scheme
Oldest trick in the book
Well, second oldest
After sucking dick
lol
I am going to commission somebody to make shirts for us saying that
Is the Chinese trash you're selling Asian gfs?
no, those at least have some intrinsic value
Shit
you could at least compost those or something
what I'm selling is far more useless than that