Someone told me this hack at Hustle Con. Sounds too good to be true: She owns a business. Gets 3% cashback on her credit card up to $300k. Instead of paying herself a salary, she pays herself a portion of that $300k and it's tax free personal income. Anyone know about this?
-
which card gives 3% cash back at scale like that? asking for a friend.... and myself xD
-
-
Pretty sure that’s a form of tax evasion. Maybe not but I feel like it could catch up to her.
-
Nope, credit card rewards are non taxable income. Not sure if there’s a limit to that, but I know at a reasonable level they are a great way to subsidize income
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.