You are viewing a single thread.
View all comments 146 points
If you’re rich, this is good and noble accounting. If you’re poor, this is tax evasion.
4 points
Since the business finances are separate from the individuals/family they would have to pay the business with their personal funds, basically just paying taxes on all of their income twice.
1 point
48 points
You have to have enough income and deductible expenditures to where your itemized deductions would be greater than the standard deduction of $24K, which will not be the case for the overwhelming majority of people
16 points
