Set up a sole proprietorship under your name and store the money in the business. Then start a 501(c)3 or a Church and donate the capital gains from your business to your organization. Since you are technically donating this money to charity, you don’t have to pay taxes on it. Then apply for money through your charity and award it to yourself. Should be able to avoid taxes.
Buy a stainless steal Rolex
Set up a sole proprietorship under your name and store the money in the business. Then start a 501(c)3 or a Church and donate the capital gains from your business to your organization. Since you are technically donating this money to charity, you don’t have to pay taxes on it. Then apply for money through your charity and award it to yourself. Should be able to avoid taxes.
@PwC1, why go through all that when it's already post tax?
I suspect that was for humor, also c3's require multiple people on the board
real estate
Max out the Roth
SC1- what’s max out on Roth? Isn’t it $2500?
Max out HSA
P1- interesting.. do you have links to more reading? Can this get you out of Cali state tax?
Sc1 - should assume makes too much for a Roth. I say, tax advantaged growth or index fund. I put away a few K a week to one with really low fees.