re: great idea.
Unfortunately, it's not good enough, because I have no salary, and can't depend on having any capital gains. So, I need to get even more Creative.
Here's how we can show a steady household income of $400,000/year:
1. set up a dummy corporation in the Bahamas (to avoid paying taxes on my income).
2. my wife is the CEO of this corporation. Actually, she holds all offices in the corporation.
3. she uses $200K/year from our investment portfolio, to buy shares in this corporation. If the stock price and assets of the corporation don't go up, perhaps we can claim a loss on our taxes.
4. She hires me, as a consultant, and for other "services as needed".
5. She pays me, the only employee of our new corporation, at a salary of $200K/year. This can be increased, as needed.
6. for symmetry, we set up a second corporation, and I hire her for $200K/year.
7. we hire an out-of-work Anderson accountant, to do our books. Maybe pay him for some consulting, too. |
