~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SANDY SANDFORT ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ C'punks, At 11:31 AM 5/3/96 -0700, brerrabbit@alpha.c2.org wrote:

Do tell. How would someone, just for instance, who is considering leaving a "permanent" job for the higher compensation available to contractors and consultants be able to structure a business in such a way as to benefit from these techniques? If we assume a rate of between $60/hour and $125/hour (typical in Boston, New York, and the Silicon Valley), how much can one save? How much effort and money is required? How much risk is involved?

There are many books on the shelves claiming to show how to avoid taxes using these techniques. Most of them have the smell of "dangerous crackpot" about them. Can you recommend any in particular?

1) Read as wide a variety of the stuff out there you can (even the books by "dangerous crackpots"). 2) Take a vacation to a tax haven you like because of what you've read about it. 3) Open a bank account with an established bank. 4) Ask your banker to recommend a trustworthy lawyer. 5) Tell the lawyer what you want to accomplish and do what he or she says, if it makes sense to you. 6) DON'T talk to anyone else--especially in your home country--about what you have done, are doing or are planning to do. 7) As your resources increase, repeat steps 2-5 in other tax havens. Don't put all your eggs in one basket if you have enough to spread around. 8) Send me $1000. If you follow my steps 1-7, you will save many times that amount. S a n d y ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~