Saylor said the Way to Wealth for every family is to incorporate. Example of $200k/yr cash flow dentist w/ Bitcoin treasury. Ok to be a corp of one.
@realBitcoinDog Media has cleared a $1k/profit yearly since ‘22! Should I go corporate?
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26 sats \ 5 replies \ @grayruby 31 May
Yes. I am not familiar with income tax laws in the US but generally it is always beneficial to take some if not all of your income through a corporation.
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40 sats \ 4 replies \ @Undisciplined 31 May
I've definitely read that advice from several financial gurus.
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31 sats \ 3 replies \ @grayruby 31 May
I saved a ton in taxes over the years.
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50 sats \ 2 replies \ @realBitcoinDog OP 31 May
Even if my profit is so low?
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10 sats \ 1 reply \ @grayruby 31 May
Grow that profit RBD!
I don't know the tax laws well enough to say for sure.
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20 sats \ 0 replies \ @realBitcoinDog OP 31 May
I’m sure it’s beneficial
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10 sats \ 1 reply \ @denlillaapan 31 May
You haven't really made it until you've put bitcoin on a company balance sheet, preferably via issuing debt to acquire them
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0 sats \ 0 replies \ @realBitcoinDog OP 31 May
Yea but with only $1k cash flow I’m nervous about my “corporation” affording those meager debt payments
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0 sats \ 1 reply \ @realBitcoinDog OP 31 May
This post has gone viral!!
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0 sats \ 0 replies \ @nitter 31 May bot
https://xcancel.com/stacker_news/status/1928647645674783110
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