If you have contract income you assign it to a corp and then pay yourself a wage so you can live and keep the rest in the corp to invest / pay dividends. (No you can't deduct everything, but the more frugally you live the less tax you pay)
The thing is most people don't like to live in the most frugal way possible and therefore end up paying some taxes on the things they like.
If you have contract income you assign it to a corp and then pay yourself a wage so you can live and keep the rest in the corp to invest / pay dividends. (No you can't deduct everything, but the more frugally you live the less tax you pay)
The thing is most people don't like to live in the most frugal way possible and therefore end up paying some taxes on the things they like.