more_evil_then_santa
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Vote for Bush... |
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CottonPatch
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Cheat. |
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SAMI
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Pay more wages to your employees,insure their health,insure their lives,pay them bonus,and donate a lot. |
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trystanq
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call...1-800-234-1040... |
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Andrewzomai
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Locate your corporation in the Cayman Islands - where they don't have taxes... |
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xxwmichelle
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I agree with answerer 1. |
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hey canada, kiss it
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vote bush !! evil got it right...i think i love her!! |
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mekubanik
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One way is buy making donations to NGO's. If you donate a certain amount of money to Greenpeace (for example), you will have to pay less taxes. |
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HeartlessClown
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sectionn 125 employees benefits, for one. |
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gedu
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do not buy anything the year round...no purchase no tax..dats simple |
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♥iamsleepy♥
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Write off EVERYTHING, especially your house and everything in it. :) |
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bat
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Avoiding the tax is legal.
But evading is illigal and not healthy.
consult a good consultent find the way of avoiding. |
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who is #1?
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cash |
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answerman288
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lose money |
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Mr. Wizard
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Way I see it: You can minimize business taxes two ways: Pay consulting fees from a Certified Public Accountant (CPA) or pick up a copy of TurboTax and zero in on as many allowed deductions as you can snag. |
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position28
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Don't worry about it just run your business make as much money as you can and pay appropriate taxes.
Don't loose focus on your business by trying to over manage your taxes. |
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walt554
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Hire a good accountant
Forget H&R Block, they're for the average Joe (and made the news recently for some BAD advise to their customers) and also are under investagation for fraud themselves. |
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Just checking
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One option is to hire someone the age of 17 or under to do some of the work . You don't have to pay taxes on them.
Another is to incorporate, this will save a huge bundle on taxes.
Do more of the work yourself, instead of paying someone to work 15 hours a week. Do that extra work yourself.
Happy Hammers advice I wouldn't take. You can't show as much profit if you decide to sell the business AND if you are audited, your screwed!
You can have your car/truck or van as a company car. Tax write off right there, including gas and maintnance.
There are many ways to save, on great investment is to have an excellent tax attorney or CPA. They keep up with all the new changes and will help you in ways you wouldn't think of yourself. |
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carlytucci
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Do the taxes! |
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enano
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let us be serious here, it's impossible for you to not pay taxes, so what are your options? start business in other countries like Mexico or Canada. The best way to not pay a lot, yet have reported the earnings of the company is to do "under-the-table-deals" or do everything by cash no checks or credit cards. Don't feel bad about people telling you it is corrupt, because most of the government is like that ( no actual proof, but who would be able to stay clean with that kind of money in your power) and what is maybe 20,000 of your dollers gonna help the U.S. for |
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♥♫♥ÇHÃ…THÜ®ÃKÃ♥♫♥
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http://www.entrepreneur.com/article/0,4621,326342,00.html
go to tha link and see the 12 tax tips |
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Antar
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Move your business to Chad |
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one eyed dumbass
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go out of business |
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max1us
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Mikhail Hodorkovsky, former Russian billionaire and owner of Yukos, was thrown into prison for a correct answering of this question. |
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someonecanbme
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Short of giving us any information-open a business. |
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antoinettemeijrink
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Depending on what line of business you're in, there are numerous legitimate so called deductions applicable. It usually is built up, from the amount of taxes paid, wich were in excess of your taxbill, from last year. Costs solely made for the benefit of work, not covered by any insurance, certain medical costs, may also also be elligible.
And this can apply to many things you regularly buy,or replace |
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Orlando57
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incforporate sell your hose and cars and every thing you own to the corporation and pay rent to the corporation one dollar or something to use the corporations stuff now the saving is the belonging of the corporation can be amortized or written off on a yearly basis for three years and thats not all you can pay your family to work for you and pay them training wages and the government pay the differance talk to a tax accountant for more details but this is a clue if you get up to your neck in bad debt the corp can bancrupt and write off the debt and change name and still operate say if you sold the company to ypur wife |
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ANIMAL
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Don't work. |
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Nero
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Get a good book on how to save taxes suitable from where you are. Here is one tip:
Depreciate your fix assets in the shortest possible time allowed by law--say 3 years (if allowed).Eventually though this practice will catch up on you because in subsequent years you won't be able to claim depreciation. |
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anupam
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Business minimise and clearing the all income tex.
Otherwise you can give me job for this. |
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thatlunatic
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I have 3 businesses and I pay now taxes on 2 of them. So all you have to do is do like I have been and don't make a profit for a few year. Of course it makes it very hard to stay in business for very long at this rate.
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