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Updated almost 5 years ago,
Business giving out cash need to avoid taxation😜
So “someone” has a business that is throwing out nearly 1.5 million dollars profit per year after reinvestment into business.
Now taxation is horrid in this income.
So I can obviously lease the office building back to my company for a non-audit triggering amount.
Now This person doesn’t need a single dollar of this income because his wife is a cardiologist and makes more than enough.
Please tell me how EXACTLY someone can buy and accumulate real estate non-stop and pay no taxes due to deductions. Or low tax. Because real estate purchase are an investment and not a business investment.
Please help!!!!