b'THE OFFICIAL NFBA MAGAZINE5 TAX REDUCTION STRATEGIESBUSINESS MANAGEMENTLarry OxenhamAmerican Society for Asset ProtectionA mericans pay more in taxes each year thanclient comes into town and stays they spend on food, clothing, and housingat your home, you can charge your combined, so reducing your taxes to thecorporation rent for the room. You legal minimum can greatly increase your ability tocan also have a company party or build wealth. Judge Learned Hand said, Anyonetrainings at your home and rent your home to your may so arrange his affairs that his taxes shall becorporation for the day. The corporation deducts as low as possible; he is not bound to choose thatthe rental expense, and you enjoy the rental income pattern which will best pay the treasury; there istax free.not even a patriotic duty to increase ones taxes.Strategy #2 - Spread IncomeSupreme Court Justice Sutherland declared, The legal right of a taxpayer to decrease his taxes orIf you are in a federal tax bracket higher than 15%, to altogether avoid them by means which the lawyou may be able to reduce your taxes by setting up permits cannot be doubted. Here are five strategiesa Nevada C corporation and have up to $50,000 of to reduce your taxes to the legal minimum.your income flow to this corporation. Nevada has Strategy #1 - Create Non-Taxable Income no state income tax and has a federal tax rate of 15% on the first $50,000 of taxable income. Your The IRS allows you to rent out your home for up tocorporation can retain these earnings so you are not fourteen days each year without having to declaredouble taxed. If you had a personal marginal federal the rent as income. When a business partner orincome tax rate of 28% and a state income tax rate 8 / FRAME BUILDER - VOL5 1'