[Jhsto]

It should be noted that for Europeans other alternatives exist, as you can freely shop any EU country to incorporate a business. Many of my tech friends have set a company in Estonia for tax planning once they have hit a certain revenue (and 0% corporate income tax).

[newaccount74]

You will still need to pay taxes once you take any money out of that company; whether it's payroll tax or capital gains tax. And there's also health insurance and pensions insurance.