Not an expert, but as an investor in the deal was he working cheap and expecting the payoff from sales later on?
Tax dodge?
“ Not an expert, but as an investor in the deal was he working cheap and expecting the payoff from sales later on?
Tax dodge?”
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Most definitely a tax dodge. He’s paying a salary at a level where he maxes his social security contribution for the year (toward maximizing his eventual benefits) but cuts off after that to minimize his Medicare payroll taxes.
His real earnings will come (or would have come) from payments from his limited liability corporation. That corporation will pay HIS state income taxes for him and they will be completely deductible and not limited to the SALT limit we ordinary mortals are held.
He’s the typical left-wing HYPOCRITE crying “pay your fair share” to others while making sure HIS share is minimized.