The Tokyo District Public Prosecutor's Office and the Tokyo Regional Taxation Bureau charged 41-year old Log Horizon and MAOYU light novel author Mamare Touno (real name Daisuke Umezu) and his intellectual property holding company m2ladeJAM (pronounced "marmalade jam") with tax evasion and violation of the Corporate Tax Law on Monday.
Touno allegedly failed to file 120 million yen (around US$996,438) in royalties from the printed versions of his MAOYU and Log Horizon novels for his income tax report in a three-year period ending last year. According to the prosecutor's office, Touno owes the Japanese government 30 million yen (around US$249,114) in taxes.
When NHK reached out to Touno for comment, he said, "I've paid my taxes, but I can't comment."
Touno launched his Log Horizon light novel series in March 2011, and his MAOYU light novel series in May 2011. Log Horizon inspired two TV anime series. The first season premiered in October 2013, and the second season premiered last October. Yen Press announced last August that it will publish the light novels in North America.
MAOYU also inspired a 12-episode television anime series that premiered in January 2013.
Source: NHK News Web
>sexualizing kids is surefine
In 2002, Mitsutoshi Shimabukuro was arrested and convicted of violating child prostitution laws, including paying a 16-year-old girl ¥80,000 to have sex. As a result of the arrest, Seikimatsu Leader Den Takeshi! was cancelled by Weekly Shōnen Jump.
So he tried to pull a Shiroe, except he failed and got caught?
Do rich people commonly go to prison for tax evasion? Don't they usually just spend a shitload of money on lawyers to work out a non-prison deal by paying a fuckton of money to the government?
I can't wait for all the tax jokes that's going to be made if he ever comes back to /a/ for a question session.
The gubbment doesn't give a shit about the law anymore than you or I do, but they need revenue to continue functioning, hence they stab and bleed rich people for all their worth.
It's all just a racket, anon.
Shame the japanese IRS doesn't have a cool logo we can smack on image macros.
I don't know about japan per se but in murrka, if all that happened was you got lazy and didn't file/pay, and you weren't actively trying to hide income or anything, then generally they're not going to imprison you, they just want their money plus late fees.
Probably not technically, but who knows how stressed he'll be by the whole thing. Ordinarily they wouldn't even just up and charge you, I mean there's usually months of them sending letters and collections and stuff (again, in murrka) before they start threatening legal action. So I'm wondering if he's just been exhausted by all the publicity and success and ignoring his mail for a year.
Yes. I believe the courts generally interpret the law so that only vaginal sex counts as prostitution. Which is why some brothels specifically have rules against asking for the "real" thing.
He seemed like a cool guy, too. Shame he had to fuck up so bad.
after all this time i finally get to use this image
It looks like ZUN of Touhou has a comment about that.
It seems a he himself had a scare when a taxman visited him a few years ago, and it made him extra careful about taxes from then on. It seems there is difficulty for a creator to make the leap from creating a franchise as a hobby to running a buisness.
>...in murrka, if all that happened was you got lazy and didn't file/pay, and you weren't actively trying to hide income or anything, then generally they're not going to imprison you, they just want their money plus late fees.
Actually that varies depending on who you are and what you own. In some cases, the gov't has seized and auctioned off property immediately and used that money to pay the fines. It is THEIR determination as to which will pay off the penalty the soonest. What you can do is get an injunction from the court authorized to hear such requests. If they are backlogged, then you fail. Unlike local criminal cases where the backlog doesn't matter if you start the process, with the IRS injunction, it is your responsibility to actually GET the injunction and not just start the process to stop your property from being sold to eager capitalists. There's a whole industry based upon buying distressed capital and distressed property. The problem is how much collusion all that money can create with IRS and judicial branch employees. You can imagine what happens if a clerk delays filing your papers due to loss or misplace or unknown oops.
Is a man not entitled to the sweat of his brow? "No," says the man in Tokyo, "it belongs to the poor."
>evading taxes gets you fucking arrested
Of course. It's how the US government took down Capone. Governments take taxes seriously. If you want to see what happens when they don't, look at Greece.
The former. It's downright pathetic that there are people who point that as an example of "The justice system works!" when he was sentenced for tax evasion and not the countless other, more serious crimes he committed.
As a general rule, you only go to prison for tax evasion if the government wants you in prison and can't convict you of an actual crime. For example, Al Capone. Otherwise, you just pay them a lot of money. Putting someone in prison costs the government money, while the point of enforcing tax is to get the government money. But pretty much any time the government sends someone to prison on tax charges, it's political. Even Conrad Black and Martha Stewart type shit.
Getting caught was a part of his plan.
The IRS got Al Capone when even the FBI couldn't get him.
Also, plenty of black celebrities have tried to run away from the IRS, even escaping to another country, but still got caught by the IRS in the end.
Celebrities have no mercy from the IRS.
The only mercy I can recall is toward corporations, itself, not famous people.
Mamare is still a good guy simply because he actually came here and answered questions for us. Also, his sister is best girl.
>imposing an anime embargo on Australia
Care to explain, mate?
It's just /a/ shitting on creators for no reason. As always.
>Write book about jewing
>Commit tax evasion
What a surprise.
I imagine an author's income comes from multiple sources based on how much there works have sold and licensing deals with anime studios and foreign distributors rather than a set contract with a firm for X amount so it's probably pretty easy to forget to declare one form of income.
>So it's most likely his accountant, or whoever that's supposed to be handling his money, fucking him over.
>It's most likely his relative. This kind of thing happens a lot actually in Asia. Where you are an entertainer/movie actor/idooru and you let your family handle your finance and they fuck you over by missing tax payments for you.
>Because your family wouldn't screw you over, right?
Japanese prison is hardcore.
No rape but the isolation will break you due to all the space allowed for isolation cells which ironically are used as punishment in US but are regular treatment for all prisoners in Japan.
>How do you even forget to pay taxes? Do the Japanese have super complex forms that include cows and rupees and number of blades of grass on your lawn?
ZUN said that it is what happens when someone who used to just break even playing a hobby, all of a sudden became successful due to a breakthrough hit. If you never had to pay taxes before because your old desk job pre-deduct your taxes and your hobby was not profitable, then once you quit your job and started doing your hobby full time, it is easy to forget that you would need to pay taxes now that you are your own boss.
>Do they not have accountants in nipland?
For many people in this situation, it is the first time they became their own boss. If you never worked for yourself before, you might not know you need an accountant.
>In 2002, he was arrested and convicted of violating child prostitution laws, including paying a 16-year-old girl ¥80,000 to have sex. As a result of the arrest, Seikimatsu Leader Den Takeshi! was cancelled by Weekly Shōnen Jump. Shimabukuro was sentenced to two years in prison, however the sentence was suspended.
>however the sentence was suspended.
>Taking a break from studying for my fed tax exam
>Decide to browse /a/ with my abridged copy of the Internal Revenue Code still sitting on my lap
>See this thread
Well, damn. I hope marmalade makes it out okay. Wish I could do something to help.
>man fails to file a report on earnings to protection racket so they can extort a significant percent of it from him under the pretence of providing "protective services".
That was the plan, let's wait for his next move.
What would your sister think?
Now you're going to lose all your left shoes!
>putting off filing taxes like we all put off life.
> just sitting in his room putting off filing taxes like we all put off life.
>The government that takes care of your shit when you flush it
>To government that makes sure there is running water for your showers
>The government that helps keep the lights on
>The government that paved the road you walk and drive on
>They government that makes sure the food you eat isn't filled with shit and rat poison
>The government that makes sure the medicine you take isn't filled with paint thinner
>The government that stopped ISPs from charging a premium to visit other sites like cable does with channels.
People that don't support government, even with all it's flaws are literally retarded. Anarchy is a fairy tale for stupid edgy teens with no concept of the real world.
You probably don't have to worry about tallying up and deducting your business expenses, as you're probably not going to itemize unless you have a primary residence mortgage and/or a lot of hospital bills. And I don't suppose you donate much to charity, either.
Just keep track of any money, "donations", etc. that you get and put that down on your 1099-MISC form. Reminder that sponsorship on Patreon IS income and not a gift.
YOU ONLY HAVE 10 SECONDS TO DEFEND MAMARE FROM HIS CHARGE WITH YOUR ARGUMENTS OR I'LL EAT YOUR SOULS!
Oh wow, now his life is basically finished. Japs are known to be extremely mean to any sort of criminals and even his family because shamefur disprey. I know he can't ever come back to finish his work but I hope at least he doesn't finish himself.
Don't know about Niptax law, but in the States, if you substantially underreport just about the highest penalty they can slap you with is 40% of the amount by which you underreported. This rarely happens, as you pretty much have to either have failed to hide an illegal tax shelter or else have to engaged in a bona fide sham transaction before the the government will hit you with that.
So, if Jap law is like US law, the worst he would have to pay is 350k (the 250k he owes plus 100k penalty). People were saying that the top marginal rate for corporate tax in Nipland is 30%, so that would mean his company's income for the three year period would come to somewhere north of 833k.
So assuming he's got at least 350k of fairly liquid assets to pay the taxman out of his approximate 833k net worth, he shouldn't have any trouble.
One million dollars from LN sales is fucking ridiculous, clearly that official must be miscalculating something. He probably thinks the royalties rate is higher than it really is.
>bargain store jacket
Oh wow look at this guy living the rich man's dream, rolling around on his pile of wealth.
i'm almost positive now he just literally never even looked at his bank account and forgot he ever even needed to pay taxes
>I've paid my taxes, but I can't comment.
In Japan, if you earn under a certain amount annually, you don't even have to file at all. What I'm guessing happened is he just seriously didn't even pay attention enough to realize he was making mad dosh and had to start filing.
Tax evasion is fun, if you take the right precautions. People don't realize that only around 1% of all income tax returns get audited. That number drops even lower if you know what patterns the IRS's computers look for in determining candidates for auditing.
As long as you keep your head down and are prepared to make a semi-plausible argument that your tax stance comes from a grey-ish area, you're practically free to play around with no consequences even if you get caught other than being ordered to pay the money that you were supposed to pay in the first place.
Remember, there's a statute of limitations for most of the underreporting you will end up doing.
Some people who don't like thinking about money sometimes end up putting it off for a few years if they get too stressed out/anxiety attacks thinking about it. Not an excuse, but it's something that happens.
Unfortunately NHK is very uptight.
If Touno actually goes to jail (which he won't btw, just fined) NHKE would never air his work again.
Even though he won't be jailed for this, the fact that it's public scandal will likely stop them from doing any more seasons.
>His income for 3 years was nearly 1 million dollars worth
I always though that Otaku and manga artists have shitty apartment and that they are eating ramen all day. When did it become such a big business?
>mfw 16 is probably the legal age in your state and you didn't even realize
Am I on /b/? What the fuck is with this ''let's watch the world burn'' attitude in this thread, this fucking guy cared enough about your shitty opinions on his show that he personally visited you, and now you don't give a fuck about him. /a/ has changed even more for the worst since mootykins left, fuck your quality posting and ontopic shit, you faggots should learn from /jp/ because they would send their autismbux in a heartbeat if it meant ZUN being in trouble.
>uses the opportunity to reform the tax system in nippon
>makes back the money from fines in donations and publicity
There have always been dicks on /a/. Used to be that you couldn't have a gar thread without moefags shitposting in it, and vice-versa. I actually think we've civilized some since the old days, for better or worse. The day there stop being assholes on /a/ is the day /a/ stops being /a/ and starts being something else. Just take a minute to recognize where you are, and realize that the fact that unpopular opinions don't get "downvoted" or whatever is what makes 4chan great.
And lurk moar, newfag.
Mamare hasn't been prosecuted, although he will likely have to face judge and declared guilty.
Fortunately he won't have to go to jail for this, just massively fined. (about estimated $100k USD)
I don't think the novel is in any danger, but NHK could seriously reconsider doing any more seasons of the anime.
The more you type the more obvious you are only around in this thread and don't really visit /a/.
Why are you too stupid to look up the actual incident?
She used an fake name and an alias as an adult female working for a computer company online when Shimaboo got to know her online, and agreed on paid sex.
So tell me, what the fuck are you talking about, or are you going to disappear from the thread in shame for talking out of your ass?
>except they would do a shitty, short-sighted job cutting every corner, embezzle the money to their private islands and file for bankruptcy.
The free market working on that scale is complete fairytale bullshit, at the very best it would be constantly lowering quality of all social services at an even more rapid rate than today so even worse jews than the gubment can pocket money.
Wait wait wait
What if we send a card... to his sister?
actually, yeah. Now that we know his identity we can surely find out who his sister is through social media.
most people assume that the age of consent is the same age you can post nude pictures of yourself.
He may owe $250k in taxes, but don't forget he also has to tip the judge and the police.
So that makes it about $350k dollarydoos
>we're all newfags so the fact that I've been here for a week doesn't make me any more of a newfag
>did I say newfag enough times
Can you just stop spouting your bullshit mental gymnastics and either form a coherent argument or agree to disagree.
Since when have you lived thinking that's not the case?
>In Japan, if you earn under a certain amount annually, you don't even have to file at all
It's like that in the US too. They just send your shit back without looking at it if you make chump change. The first year I had a summer job I didn't make enough for them to bother looking at my taxes. The next summer my tax return was a whopping five dollars.
Of course he's probably making dozens of times what I did those summers but still.
Was there any doubt?
Both of his works are basically "let's take modern day economics that have already been thought out and debated for ages and apply them to a medieval setting to make the character look smart".
Wait, wait. you realize that keeping africa overpopulated is in the interests of the civilized world, yes? just think a second if for some reason they had half the people they have.
istruction, commerce, technology, africa would become another cuncurrent in the economy battle.
that's the reason humanitary help is approved by the first world governments, its like keeping their engine constantly flooded
Do you think the Mahouka author pay his taxes? Is he alright with donating his "hard-earned" money to some incompetent government? Or maybe he's just too happy to support the glorious JSDF (same for the Gate author).
Almost certainly this.
Unfortunately even if he's completely absolved of all wrongdoing, his reputation will probably still be too tarnished for NHK to want to work with him anymore...
>no tweets at all in past few days from the lady who manages the TRPG twitter
I remember just a short time ago after the last episode, she stayed up really late posting emotional tweets about it and how much she enjoyed the journey through the novels, anime, and RPG, and the messages they contained..
i hope this shit gets all worked out soon, this suffering is 2real
Right, but you would think those would affect the Narou rankings.
Theoretically some of the fans drawn into the franchise from manga and anime would go read the novel (since it's free online) and increase the rankings of Log Horizon.
Which they did, but still not quite enough to make top ten.
Why do people think its a good idea to steal from the government, honestly.
When it comes to taxes, the government is like the mafia, you dont fuck with their money or they will burn you. The IRS or whatever they are called in their respective governments are the most heartless fuckwits I have ever worked with and they will hunt you to the ends of the earth for their money. Watch and learn kids, pay your taxes and love you're waifu and you will be ok.
>US law says corporations can be defined as people.
US companies confirmed for Castlevania bosses.
>expecting mangakas and "artists" to have knowledge that helps them in the real world
Have you ever met someone who writes for a living? They dont know jack shit about anything other than what they write about. They are like NEETs who think they are special. Just look at that stupid fucking bitch who wrote Harry Potter, she is dumber than an infant, you cant expect anything more from people who write this garbage LN bullshit.
>The IRS got Al Capone when even the FBI couldn't get him.
That's an unfair example to use now due to current technology (video,etc). The FBI failed waaaaay back then due to the lack of practical communications and long time delays as well as the lack of protective devices and surveillance gear/techniques. They have such technology now.
The FBI also failed because Al Capone or his allies got to all the human witnesses. First of all, the witnesses knew that after the trial was over, police protection would end and their family and friends' identity and locations would be known due to leaks in the government. Al Capone was known to go after witness family members and friends. Most possible witnesses thus refused to testify or pretenced memory loss or even destroyed their own records to prevent the gov't seizing them and forcing those people to be witnesses. Importantly, Government corruption existed and was widespread. Thus, your privacy data was bound to leak and you would be killed. So, there was hugely negative incentive to be a witness. This was also backed up by witnesses under police protection being killed successfully before or after other trials.
Back then, this left the IRS as the only agency left with witnesses (tax records) that could survive assassination attempts from organized crime.
Why even do this when you have a decent career going, Log Horizon was going good for him.
I'll never understand people obsessed with money.
Success stories like that are good for us fans too. We get to read (or have translated) many long web-stories written by authors hoping to have their online works picked up by publishing firms and converted thru editing into light novel format for official publishing and sales. I wish the japanese companies would pay attention to the english versions too and not just the anime online authors.
Let's keep reading for free!
I bet it was just one of those things he let "slide" due to incompetence. He cannot be so stupid as to think that his publisher doesn't report income amounts to the japanese government. So, it is probably just incompetence on his part. He probably even gets so much mail he could have lost or thrown away the wrong envelopes. I've gotten mail from other people stuck inside my junk mail, magazines, or newspapers before too. If I hadn't turned those in, those messages would have gone into the trash never to reach the proper destination.
>He probably even gets so much mail he could have lost or thrown away the wrong envelopes.
Im sure that defence will hold up in court, anon. For the last three years, he was so unlucky that he threw away those envelopes every time they came.
Or maybe it was is tsun imouto who went through the mail and threw out the important letters, huh?
It was over a THREE YEARS period, its as premeditated as it gets son.
If there are claims of racial equality, then why do so many apply for disability and autism bucks? Since those are signed affidavit forms, that is like testifying their race is genetically handicapped compared to other races.
This makes me kinda sad. I hope this gets cleared up.
Im stealing this idea now.
Meerupo is a story about Ai-chan,a tsundere loli with the hots for her nii-chan Mamare. After Mamare gets a job to support them both, he starts getting letters from IT-chan, Internal Taxes Channel, and Ai-chan thinks its from a lover and throws them away.
They decide to run away from their towering debt and have to resort to doing oddjobs on the countryside for food and lodging, where they meet quirky characters along the way.
During many of their nights under the stars, sharing a sleeping bag, their relationship evolves into a beautifull love story between brother and sister (not blood related).
BRB, making a million.
If he cannot pay the fines, the government would take possession of his IP rights as they have value. IP rights can be sold of course. But after Marmalade sells his IP for Log Horizon in order to pay debts, would he have any incentive to continue work on it? After all, any royalties would go to the new owner of the IP rights. He'd get personal satisfaction on completing the story though unless his bitterness is so great that writing more is actually negative....
OH SHIT! DON'T FORGET TO ACCOUNT FOR ALL INCOME ALL INCOME FROM WHATEVER SOURCE DERIVED, INCLUDING (BUT NOT LIMITED TO) THE FOLLOWING ITEMS:
(1) COMPENSATION FOR SERVICES, INCLUDING FEES, COMMISSIONS, FRINGE BENEFITS, AND SIMILAR ITEMS;
(2) GROSS INCOME DERIVED FROM BUSINESS;
(3) GAINS DERIVED FROM DEALINGS IN PROPERTY;
(8) ALIMONY AND SEPARATE MAINTENANCE PAYMENTS;
(10) INCOME FROM LIFE INSURANCE AND ENDOWMENT CONTRACTS;
(12) INCOME FROM DISCHARGE OF INDEBTEDNESS;
(13) DISTRIBUTIVE SHARE OF PARTNERSHIP GROSS INCOME;
(14) INCOME IN RESPECT OF A DECEDENT; AND
(15) INCOME FROM AN INTEREST IN AN ESTATE OR TRUST.
>Then the accountant laughs all the way to the bank.
Someone has breaking out from the DATABASE that Mamare created.
You forgot that the usa law also requires that illegally obtained income OR barter goods are taxable as income too. That is how they charge drug dealers with more crimes because the drug shipment value is taxed. That is how they get around needing a court case to prove all the money the dealer has is legit. The taxable value of the drug shipment generates so much tax that it means none of the money will never be returned to the dealer.
Make it so that in their backstory, Mamare-nii was a NEET and that their parents died and barely left enough for them to tide it out. Ai-chan loves her Mamare-nii but hates her pathetic NEET ways. The moment she falls head over heels is when she sees he starts his job to get them some much needed income.
Oh, I didn't forget, my taxbro. §61 is just the tip of the iceberg of fuck that is US tax law. Cash receipts from dope dealing are part of adjusted gross income, but the wages you pay your dope dealers and your inventory fees are deductible business expenses. It's truly a wonderful time to be alive and paying taxes. Or not.
The popular construction here in Europe is making a one-man 'company' and letting it pay for every expense you have.
I don't know the fine details, but that's roughly how it works.
>Cash receipts from dope dealing are part of adjusted gross income, but the wages you pay your dope dealers and your inventory fees are deductible business expenses.
You can't file those deductions!!! That would be admissible guilt under RICO Act. Once RICO applies to you, the government can seize ALL your possessions, so at that point, any deductions don't matter because all you have is gone. You used your car as transportation during drug dealings? It is taken. You lived at your home while taking even one phone call there for drug dealing? That home and property is lost under RICO. So that is why you cannot apply for deductions for those illegally obtained earnings. They will be 100% taxed without deductions. You have to bite the bullet there. Admit no extra guilt.
I often wondered about this. I understand the concept, and I can empathise with it. But as a hikki who rarely ventures outdoors, I often wonder exactly how much you can possibly spend on anime and video games alone. I have no interest in fancy cars, and a large house would be only an inconvenience. Even my current disposable neet income lets me buy most of the stuff I want.
Ha! Joke's on you. I don't plan on living that long to begin with.
Some states actually let you purchase "drug stamps" (pic related) that you can use to avoid any potential tax liability while not incurring any penal liability. I actually bought one once, as a joke. I had to do it at my state's capital building, in person, and I ended up being led to a private room with a telephone. After five or so minutes, someone called the phone, and they asked me some questions (but nothing that would lead to potential incrimination on my part). After about 30 minutes I was able to purchase the drug stamps in cash money. It was strange.
But anyways, some people have experimented with filing what they call "Fifth Amendment Tax Returns" to try and fix that problem. It's unknown how this will pan out in the future.
All you need is one moment of vulnerability, like some hot bitch telling your NEET ass that she'd fuck you if you had a lamborghini. Holyshit, that sounded cynical as fuck...uh, I love the beauty of a sunset!
Looks like the media jumped the gun (again)
He posted official apology on the website.
The correction notice has been filed and resolved, taxes paid, and national investigating concluded.
In other words, shit's already been taken care of and the News just got hold of it now, so they're scandalizing it.
Reminder there's nothing wrong with not paying taxes.
Here in the UK a bunch of famous people came out recently and said that banks play favouritism and help rich people avoid paying tax.
> INCOME FROM DISCHARGE OF INDEBTEDNESS
Jesus christ, so you can go into tax debt from someone relieving you of debt?
No, if you think about it, it's actually a gain. Imagine this:
You are a company, and you sell 50 bonds worth 100 dollars at a 5% interest rate. Subsequently, the interest rate jumps to 8%. The person whom you sold the bond to will then want to get rid of the bonds, because this will let them free up their 5,000 to invest at the new rate. But nobody will buy them because they are fixed at the lower rate. So, you offer to buy them back at a discount, say 75 dollars/bond. You have effectively gained 1250 dollars in cash for doing nothing except buying back your debt at less than its face value. It only makes sense to tax you for that gain.
Don't worry, friend, and tell your mom not to worry, either! If your personal debt is forgiven because you're actually broke, Uncle Sam won't count this as income and tax you for it!
Actually, he will, even though he says he won't. He will just defer collecting on it until you're back on your feet, and then he'll deny any tax offsets that you could possibly claim until you've paid back every last penny that you owe him. It could take years, or it could be until the rest of your (or your mother's) life.
>The popular construction here in Europe is making a one-man 'company' and letting it pay for every expense you have.
>I don't know the fine details, but that's rughly how it works.
It's popular in the USA too but there are several types. The typical small business must have a minimum income to qualify, so sets of friends will buy and sell services from each other's companies in a closed loop environment. The muslim immigrants are doing this a lot in one of our local suburb cities. It's one of the larger muslim immigrant enclaves in the usa. They're almost able to vote in their political representative now, but the republican and democrat parties have joined in together to fight that (a very rare case of those two working together).
Besides a small business owning your car, renting a home office space in your home to reduce your total taxes, and paying for meals, gas, dry goods, coffee break foods, business meals, and certain business appliances and furnishings, it can also pay for medical care, drugs, and vacations.
The rich form non-profit organization/corporations as tax shelters which still work. Tax laws say it must have over a certain minimum income. Thus only the wealthy can use that loophole. A former friend and penpal (now dead of old age) was the recipient of one so that's how I know. The non-profit owns the homes, cars, properties, investments and takes orders from YOU (as well as employs you contractually) and before you die you instruct it to take orders from your heir, thus transferring control properly without inheritance taxes. Oh, it's time for you to check if people in hawaii need donations, so you are sent to hawaii for 2 weeks. Just document your trip with a report saying you actually searched as well as donated a dollar (or whatever legally qualifies) to someone. In my republican party state, the legal minimum is 1% of earnings for a non-profit corporation. Such laws exist due to voter MEH attitude.
>so sets of friends will buy and sell services from each other's companies in a closed loop environment.
Isn't that how SJW Patreons tend to work?
That's pretty interesting.
>/a/: economics 101
>That's pretty interesting.
But unfortunately it's all bullshit.
True enough, people can (and do) use passthrough entities to gain certain tax benefits, and it's pretty common to write off personal expenses as business expenditures. But if you could plausibly fabricate a public benefit corporation that really only existed to benefit yourself and nobody else, then everyone would do this.
And that bit about the estate tax is patently untrue. The estate tax has been effectively abolished in any real sense for years now as it applies to the vast majority of taxpayers. And those to whom it might actually have meaning just use revocable or irrevocable lifetime trusts to handle their dispositions.