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Comment: Re:There's only one clear choice. (Score 1) 300

by Ardias (#40928125) Attached to: Wikipedia Edits Forecast Romney's Vice Presidential Pick

Here are some ways to make millions and not pay taxes.

Many companies pay their CEO's a $1 nominal salary. The company then takes out a $10M life insurance policy on the CEO. The CEO "borrows" money from the life insurance with a promise to pay it back later. The company forgives any money borrowed against the policy.

A company gives may perks to the CEO in lieu of a salary. (e.g. - free vacation with use of company jet, free use of mansion owned by company, free use of car owned by company, etc...) CEO effectively lives a lavish lifestyle without having to pay for it himself. The company pays the CEO in stocks and options that vest later so CEO can delay taxes on those while living quite comfortably.

The company is incorporated in a foreign nation, and pays the CEO a big salary in that nation's currency. CEO keeps salary in offshore bank account.

Thus spake the master programmer: "When a program is being tested, it is too late to make design changes." -- Geoffrey James, "The Tao of Programming"

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