Jan
13
Can a multi-millionaire athelete assign their salary to a corporation and then work for the corporation?
Filed Under United States | 4 Comments
chitowner
Say some millionaire basketball player signs a huge contract. Could they just start a corporation, assign their salary to the corporation, and then collect a check from the corporation? Would this work for tax reasons? What would the benefits be?
Say some millionaire basketball player signs a huge contract. Could they just start a corporation, assign their salary to the corporation, and then collect a check from the corporation? Would this work for tax reasons? What would the benefits be?
Dec
14
jrmykerns
This paper says I can make my kids millionaires, but I don’t understand the tax benefits of a “kid IRA” or the other investments for my kids that he’s talking about. What are they?
This paper says I can make my kids millionaires, but I don’t understand the tax benefits of a “kid IRA” or the other investments for my kids that he’s talking about. What are they?
http://www.19millionaire.com/