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/biz/ - Business & Finance

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17898959 No.17898959 [Reply] [Original]

Psst, hey, /biz/ check this out:
1. Claim 99 dependents.
2. Invest the portion of your income that would be taxed in low risk securities.
3. Sell after 1 year and 1 day for long term capital gains to pay for taxes.
4. Invest all capital gains into riskier securities.
5. Repeat steps 2-4. Forever.
In just a few years you will effectively never pay taxes again.

>> No.17898980

>>17898959
try it out and update us on the results

>> No.17899108
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17899108

>>17898959
>claim 99 dependents

>> No.17899144
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17899144

>>17898959
>long term capital gains to pay for taxes
>you will effectively never pay taxes again

>> No.17899187

>>17899144
While you objectively are literally paying all of your taxes as legally required, the idea is that in the long run you will have built up so much capital that the taxes you normally would pay are covered by your capital gains alone and thus you have more financial freedom in the long run.

>> No.17899201

>>17899187
Hence > effectively.