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The Way Executives Cut Taxes 1, c. 1969
THE WAY EXECUTIVES CUT TAXES
YEARLY
Here's an executive getting a $3,000 yearly bonus and.
BONUS
after 10 years has only $20,166 to show for it, due
to taxes. Yet the same man getting the same bonus
over the same 10 years could amass $36,018 under the
plan shown in THE WAY EXECUTIVES CUT TAXES. That's
$15,852 more and all under special low-taxed shelters.
$5,000
To give his 8-year-old daughter $5,000 at age 18,
this man sets aside $500 a year. But this $500 is
the entire after-tax interest on $25,000 of bonds he
owns. Then he read how his daughter could have
her $5,000 from only HALF the interest. Now he
can keep the other half for his own use.
AVOID TAX ON
You have to know about this one to reap its sensational
REAL ESTATE
tax-free advantages. The tax rules say you must ask
INVESTMENTS
for it it's not automatic. It allows investors in
certain rental housing to sell their property and PAY NO TAX
ON THE PROFITS -- no matter how large the profits are --
when they continue re-investing and snowballing their earnings.
OFFICE-AT-HOME One deduction the taxpayer may overlook is the expense of an
"office-at-home" If you meet the two basic requirements of
this deduction, simply list it on your tax return. Rent,
depreciation, light, gas, and so on. Here is a particularly
good tax break for salesmen, self-employed or professionals.
EXECUTIVE
Mr. D - getting a $1,000 raise - finds the tax will run $400.
COMPENSATION
So his firm sets up a plan that can give an employee a raise
under special low-taxed shelters. Result: Mr. D lets the
money accumulate and he will take it in a lump sum upon leav-
ing the company in, say, 10 years. THIS way he gets $12,006
which will be taxed under these shelters. The other way he
would have only $6,722.
TAX-FREE
CASH
Many executives don't realize they're in a position to draw
FROM THE
out cash "locked inside" their corporation -- without any
CORPORATION
tax consequences. And there's no risk of having the money
treated as salary, dividends or a loan. Executives who meet
the requirements siphon out cash "frozen" in the corporation
without paying any tax whatever or interest on the money.
BONUS: If card is returned at once you also receive a free copy of
"TAX-WISE HANDLING OF EXPENSE ACCOUNTS UNDER THE TAX LAW".
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The Way Executives Cut Taxes 1, c. 1969
Details
circa 1969