[CrackMonkey] No Taxes
Emad El-Haraty
elharaty at utdallas.edu
Thu Feb 3 10:51:31 PST 2000
I think I just figured out how to never pay taxes again.
Please review.
My idea is as follows, start a company with yourself as the
sole proprieter. Sell your software product for an exorbitant
amount. It does not matter if no one ever buys it. Donate
a large amount of software liscenses to various non-profit
organizations. Receive a huge tax deduction.
Example:
Say I make 50k a year working for some comapany. I start my
business "Emad's Skunkworks" and sell my rendition of
hello world for 5k each liscense. Now, I doubt anyone will
ever pay for HelloWorld but in a world where Microsoft is
successful who knows? At any rate... you never have to get
anyone to buy the product. Just donate 10 liscenses to your
mosque/church/synagouge. Thats a 50k donation you made.
Get a 50k tax deduction. Now you have to pay taxes on 0$.
Taxes on 0$ == 0$ ..
Am I right? Or have I finally cracked?
Emad El-Haraty
If you can't beat them, arrange to have them beaten.
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