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Sovcit is thinking out loud.
(lemmy.world)
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this post was submitted on 16 Dec 2024
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If you’re rich, this is good and noble accounting. If you’re poor, this is tax evasion.
Since the business finances are separate from the individuals/family they would have to pay the business with their personal funds, basically just paying taxes on all of their income twice.
The rich definitely do not do that