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One of my friend has $30,000 cash without paying any taxes so how can he invest that money in the business? |
total cash income. what to do with that much cash how to make it legal income any loophols Well, probably the best solution would be to put your $$$ into a high interest account overseas @12% APY. Join the Donald Trump Institute. you mean he runs a cash business and made 30,000 and didn't pay any taxes? IRS will catch up to him eventually and by not paying taxes - including social security self employment taxes - he's hurting himself long term by not getting any earnings credit for social security benefits - to make it legal, he has to pay taxes - there aren;t any loopholes for evading taxes - that's illegal Invest your cash in Mexico and you will make $7,500.00 USD annually. |
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