Quote:
Originally Posted by Porsche-O-Phile
Precisely why owning a business (even on paper) is becoming one of my top priorities. The tax implications alone make it worth doing.
Any dime that I can keep out of the government's hands is worth doing. They steal enough from us as it is and I intend to use any/every means possible to keep my money where it belongs - in MY pocket.
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Again, this only works up to the amount you made on your business. You can't just have a paper business and expect a return. Once your writeoffs exceed your income from that business you get no advantage. So if you have no real income you get no advantage.