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Old 12-08-2005, 12:52 PM
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Default Re: It takes 10 yrs

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How do you lay claim on it when you decide to bring it out of hiding without getting busted?

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The shadiest I've heard of is a loan from a corporation to the person. Paying the intrest only on the loan at a lower percentage than what the taxable portion would have been if it was a draw or salary payout.

On the not shady level, if you have a company making money you keep a large percentage of the profits inside the corporation (paying a smaller tax fee) until you are retired and then taking the profits when your income is lower. There are many ways to structure your finances above board to limit your tax liability with proper planning, and being rich (having cash on hand) makes this easier to do as opposed to being a working stiff for $10 - $15 per hour.
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