Go get a lawyer to set up an asset trust and have that trust own all your property and pay all your bills.
This is how people like Hunter Biden operate.
Go get a lawyer to set up an asset trust and have that trust own all your property and pay all your bills.
This is how people like Hunter Biden operate.
Government handouts for the "poor". In my state, it doesn't count as income. Let whitey pay your bills, they stingy anyway.
Your tax "service" will view it as an employment benefit, which is taxable just about everywhere.
The biggest issues is that an employers gets to write off your wages as an expense. They don't necessarily get to write off your mortgage/rent, utilities etc unless they can prove that it was a direct cost needed to earn an income. If a business owner can't write off money that they spend, they don't want to spend it as they will pay tax on it (usually at the highest possible tax bracket).
The only way that becomes a win for the business owner is if they can pay significantly less than the normal rate, so when they pay the taxes, they don't come out at a loss....this is why illegal immigrants are paid under the table and at much lower rates than an official employee.
No, it would still count as income. If you receive something of value in exchange for something else of value, it is considered taxable income. Here is a source on this: https://finance.zacks.com/paying-someone-elses-credit-card-gift-9237.html
Matthew Sercely recently gave a speech to Jack Spirko's crowd about the most effective ways to reduce taxable income. The most effective strategies come from setting up a C or S corp, if I remember correctly (I watched this a couple weeks ago so I don't remember): https://www.youtube.com/watch?v=88ZjngJ9WAo
You might also be able to form a private membership association where you can avoid reporting money you receive as income. PMAs are based on the 1st and 4th Amendments to the Constitution so they have a strong legal backing, but they are relatively unknown and not talked about. You can try to find a lawyer knowledgeable about PMAs to get one set up, though finding a knowledgeable lawyer might be difficult.
mentioned setting up an asset trust - I don't know much about that, but here's an Investopedia article that talks about it: https://www.investopedia.com/terms/a/asset-protection-trust.asp
Anticlutch has older men pay his bills, in exchange for 'personal services'
What you're talking about is considered "wages paid in-kind." It counts as income.
What if they paid you in loan, thus not paying you at all, but it was a 1000 year loan with no interest?
It legally counts as income but very difficult for irs to audit against this /find out.
Italian here, so, it may not apply to you
Possible, but will most like incour in the wrath of inland revenue (they surely have something in the book that forbid this)
you need to have nothing to be able to do it properly
so, you are either a slave of the state or a slave of the person that is "hosting" you
if you are a good slave you may have more satisfaction from a real host instead of the state
Ok, are you are really attractive 18 year old woman who loves sex? Otherwise, forget about it.
Under IRS rules, you can give someone up to $15,000 without incurring any tax burden, and there is no need to report it. Also, payments between private parties don't have to be reported.
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