who pays taxes?
who pays taxes?
Out of context: Reply #13
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- -sputnik-0
yep...for example, i wanted to reduce the amount of income for last year so i purchased an eames chair, some software, new phones etc. i can deduct things like the expensive chair by depreciating it over the next 5 years.
you can invest w/the LLC and do all sorts of interesting things. it really works for people who don't necessarily need to get cash from it regularly, although you can give yourself a salary...but then you pay taxes on that.
i have a full time job so the money i make on the side is money i invest via the company, or i buy nice crap for my office that way i show as little profit as possible (therefore get taxed less).