You know, anything that allows you to take your income as passive (rental or dividend) income rather than as wages lowers your tax bill. Paying yourself rent, having your company buy/lease your car, paying yourself dividends -- all are good ways to reduce the tax bite.
My own strategy is to pay myself a salary, and have the rest come in as passive income. Of course to do that you need to have enough regular income to at least cover the salary every month. But usually that can be arranged if you structure your salary to yourself well. Kristyne McDaniel http://www.mcstyles.com http://www.shamrocktrails.com _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
