Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

unblock

(52,116 posts)
1. There are some tax advantages to getting paid as a consultant instead of as an employee
Tue Sep 29, 2020, 01:47 AM
Sep 2020

One is to evade payroll taxes. Probably doesn't really apply in her case if she's maxed out on salary. But it's possible she gets a $1 salary and all her real money as a consultant.

More likely, she can deduct some expenses as a consultant that she couldn't as an employee, such as meals and travel to the work site.

I suspect that variants of taking business money for personal use and calling it a deductible business expense is rampant in the trump family.

Latest Discussions»General Discussion»Can someone elaborate on ...»Reply #1