Okay, but that’s not what the post said?
CSCAnalytics
joined 10 months ago
So use a shell company to commit IP fraud. That’s some great advice you’re giving to this person. Surely this can’t end badly.
Lol gave my entire answer assuming he was in the US. Oops!
Why pay taxes on $750,000 in one fiscal year, at the highest tax bracket, THEN placing what’s left into yield generating accounts?
Request that the funds be deposited into a company account, set to grow via safe, yield generating investments like treasury notes. Specify in writing that the business-owned account is non-withdrawable, except for an annual "salary" payment to you. Maintain a 5-10% advisory role on the board without additional responsibilities outside of advising the new owner. Opt for structured payouts on the yield for further tax advantages, enabling the business to retain sale proceeds on paper while you benefit from gradual income growth, reduced taxes, and a more tax-advantage yield strategy utilizing nearly the entirety of the proceeds.
Of course, consult a lawyer and accountant, but there are far better ways to structure the proceeds then being written a check for $750,000 in one tax year.
Here’s some napkin math on what that would cost you assuming 37% avg federal tax and 5% state:
**Remaining Balance: $750,000 - $277,500 (federal tax) - $37,500 (state tax) = $435,000
So this would cost you roughly $315,000 in taxes before you’re able to invest the proceeds into generating yield.**
There are about 1,000,000 potential other factors that need to be considered to answer your question. Plus weeks of financial analysis.
There are about 1,000,000 potential other factors that need to be considered to answer your question. Plus weeks of financial analysis.
If it ain’t broke, don’t fix it
Two sentences in and stoped reading.
Solution is to call a therapist.
When you’re sick you call a doctor.
Full focus on my education while enrolled in college, then full focus on my career while newly employed.
Do those two things and you will be successful.
Simple answer: Because they can.
Not enough people have quit to effect bottom line and new applicants keep rolling in regardless of surveillance policies. Many companies (cough cough - banking…) continue exerting as much control as legally possible as long as turnover and hiring impact doesn’t throw the business off course.
They will take as much control as the employees will allow, just like what governments have been doing for THOUSANDS of years to their people.
I mean high cost of living is very true if you only consider overpriced metropolitan areas.
You can live in beautiful rural areas in the Dakota’s, much of Appalachia, Alaska, Nebraska, etc. for extremely cheap. May not be as cushy an option as a luxury resort in Bali, but plenty of cheap, beautiful, generally safe areas in both the US and Canada if you’re okay living in wilderness.
A large majority of the land in US, and especially in Canada, is secluded wilderness.
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Don’t. Stop caring so much about what other people think about you and your company. As long as the company is doing well ignore comments like this.