In life, two things that cannot be escaped are death and tax payment.

While the record is selling well, the more money the Carpenter brothers gets. With the money they get from buying a house and adding the money they get this month, the money in the Carpenter brothers' account has increased instead of decreasing, which has exceeded one million.

"The tax I have to pay this year will be very high!" Bart said to Angel.

Indeed, in the United States, the higher the income, the more taxes you will pay. Because of such heavy taxes, every American is dissatisfied with government policies and said with confidence: "This is spending our taxpayers' money indiscriminately."

In the United States, many taxes are paid by individuals. As long as there are economic income and expenditures in the United States, both domestic and foreigners must pay taxes.

The taxes in the United States include income tax, social insurance tax, medical tax, property tax, bonus tax, estate tax, etc.

What troubles Bart and others now is mainly income tax. The tax threshold is close to zero. Even if you earn five dollars a year, you have to pay taxes. The progressive tax system is adopted, with a minimum tax rate of about 10% and a maximum of 38%. This is an income tax formulated by the federal government. In addition, states also collect additional income taxes, and the tax rate is generally around 5%. The annual income of the Carpenter brothers has exceeded one million dollars. If they pay income tax, they will have to pay at least 300,000 to 400,000 US dollars this year!

This is an amazing huge tax! It makes Bart and the others feel heartbroken! Such a large amount of income has to be handed over to the government, so how can they be willing to do so?

As for tax evasion, don’t even think about it!

In the United States, the tax regulations and tax payment system are very strict and strict. Except for a few rich people who evade taxes through lawyers on property or inheritance, it is difficult for ordinary people to escape tax payments.

This joke is often heard in the United States: There are two Americans who cannot escape, one is that they cannot escape death, and the other is that they cannot escape taxes. The Taxation Bureau randomly audits about 5% of taxpayers every year. Once they find that tax evasions are found, they not only have to pay taxes and interest, but also have to be severely punished. Most Americans are afraid of "authorization".

"Since we can't evade taxes, let's invest in a new company!" Alex suggested.

Yes, I can't escape taxes, but some methods can avoid taxes reasonably!

In the United States, tax avoidance methods are ever-changing, but they are always the only way to go. The ultimate method is one method: investment! Whether it is investing in stocks or real estate, in essence, the government requires people to spend the cash on hand and turn it into assets. The US government encourages people to consume, but does not support people to save. They believe that in a healthy social system, people do not need to have too much cash.

Bart said objection: "New company? What should I do with that record company? Who will manage it?"

"Let Angel manage it. Hasn't she already got it?" Alex said to her parents.

Bart was slightly surprised. He didn't expect Alex to suggest this. However, Angel was a little eager to try it out after hearing this. She had already intervened in the daily affairs of the record company when Alex and his friends recorded the second record.

At the beginning, Angel was not very adapted to the company's environment. However, soon she discovered that doing things in a record company is no different from doing things at home, just arrange everything reasonably.

As the president of the company, Rudy is in charge of the general direction of the company's development. Angel is the head of the finance department and is mainly responsible for various expenses. She is like a housekeeper, staring at everyone's work situation and expenses.

As for Bart, he had the title of director and had nothing to do. He didn't know management or music, so he had to let him watch others work. This made Bart feel a little annoyed, and what was even more annoyed was that Alex seemed to want to take away his title of director.

Just when Bart wanted to say something, Alex immediately said: "The new company can be handed over to Bart for you to manage. I think you are more interested in electronics and mechanical things."

Bart was in his spirit and asked excitedly: "Electronics and machinery? What are you doing?"

Alex smiled mysteriously and said, "Do you still remember my patents? I have made a product with the things I invented, a good product. It will definitely be a big seller!"

Everyone felt a little curious about what Alex made and was so confident.

Alex took out a small rectangular box from his pocket. The box was not big, it was a little longer and thinner than the soap box. It also had a shiny antenna on it. When you look closely, there were two rotating buttons and switches, and a horn.

"What is this?" Richard reached out and took the box over.

Alex smiled and said, "Guess?"

Bart and Angel also surrounded him, touching around, trying to find out the secret of this little thing.

Richard soon found a switch on one side of the box. He turned it on and the horn rang. A piece of music came out of it, but it was a little unclear.

"Ah! This is the radio!" Richard shouted in surprise. He had never seen such a small radio. Usually the radio he had seen was a bulky wooden box that required both hands to pick it up. The radio in his hand only needs a palm and gently hold it.

Bart and Angel also saw that this thing was a radio. They didn't expect that Alex actually reduced the size of the radio, and it was still so small.

This radio was made of materials that Alex asked Dr. Shockley. He originally thought it would be easy to make a transistor radio. He had assembled a radio himself when he was in college. He knew the structure of the radio very well, and he could make it in minutes as long as there were parts.

Unexpectedly, the electronic level of this era is too low, and there are many parts. Even if he barely makes it, he can only replace the existing electronic tube radio with transistors. The size cannot be changed much, let alone take it into his hands. This annoyed him, and he thought to himself, do what he doesn't have.

He told Shockley about his ideas and received strong support from the other party. With the materials provided by Shockley, Alex spent a lot of effort to make these parts one by one. First, the speaker, the smallest speaker he was looking for Shockley to come. Then there was a circuit board. There was no integrated circuit board in this era. Fortunately, this was not complicated, Alex could design and make it himself.

The most important thing is the battery. He found that there were no AA batteries on the market, so he had to ask Dr. Shockley for help again. If it really didn't work, he would prepare to use the flashlight to get a flashlight battery. Fortunately, Shockley is well-informed about this. He knew that Jingliang Company had a small battery that had not been launched yet, but was already in use in the laboratory.

When Alex got the small battery, he saw that it was not an AA battery. He immediately added the battery to it. The antenna technology of this era is already mature, but there is no model Alex wants, so he had to make a telescopic antenna himself.

The resistor components, capacitor components, various buttons, spring wires, etc. that need to be used are available in the laboratory, let alone diodes. At the beginning, Alex just wanted to build a simple radio, only 4 diodes were used. Later, it was discovered that the quality of the radios made in this way might not be very good.

So he simply completely redesigned it and made it according to the specifications of the radio he had assembled before. This new radio was much better than the ones on the market now. After using it, Shockley and others praised it. They asked Alex to make one for themselves.

The one in Richard's hand now is the best Alex makes. It lasts for a long time, has wide audio channels, and has clear and stable sound. The most important thing is its small size, light weight, and easy to carry.

In terms of price, the electronic tube radio has been thrown a few streets away. Alex firmly believes that as long as such a radio is launched, it will definitely occupy the existing radio market.

Bart grabbed the radio in Richard's hand and studied it carefully: "The sound quality of this radio is really good and the appearance is also very beautiful!"

Judging from his years of experience, as long as it is produced, there is no need to worry about not being able to sell it. In addition to being interested in machinery, he also has research on electronics. He knows how attractive this kind of electronic product is to people today.

"Alex, is this radio patent yours?" Bart asked excitedly, saying with some concern: "Will other companies make such radios?"

"No! How could my patent be broken so easily?" Alex said confidently.

Just such a simple radio added more than a dozen more Alex's patents. He firmly believed that it would take many years for other companies to bypass his patents and invent a radio of the same type. Not to mention anything else, just the patent of integrated circuit boards would make other companies helpless. If Alex did not authorize, those people would not be able to bypass it no matter what.

Angel also stared at the radio, and she was also happy about Alex's invention. She said, "Then let's start another company! This company makes this radio."

Bart reluctantly took his eyes off the radio. He thought for a while and said, "That's right, I can ask Lao Qiao to help."

Bart had invited Lao Qiao to the record company before, but Lao Qiao was not very interested in the work of the record company, so he refused. Only Deer and Paul joined the Carpenter record company, and they were inserted into the company by Bart, on the one hand to monitor the company and on the other hand to repay friends.

However, like Lao Qiao, Bart is not interested in the job in a record company, and he is not suitable for work in a recording studio. Now with such a good opportunity, he thinks that if Lao Qiao is brought on, he will definitely be able to do it.

Alex thought for a while and said, "Okay, Old Joe knows these things well after all. However, I ask you to produce this radio as soon as possible and go on the market as soon as possible."

"But we don't have factories, production lines and workers now. If we want to rebuild a factory, it will take a long time to build it, let alone put the radio on the market immediately." Bart said distressedly.

Angel said, "Why don't we buy another radio production factory! There is a site-based factory, production line and workers. Even if it needs rectification, it doesn't take too much time."

"Yes! We can indeed buy a factory. If you have money, you are not afraid of the other party not selling it." Bart shouted and said excitedly.

Alex also smiled and said, "Yes, it's just right for tax avoidance!"

Of course, the specific tax avoidance methods are not that simple. You still have to find a professional accountant to consult to truly achieve tax avoidance measures. After Bart and his team found someone to consult, they finally found an electronics factory on the outskirts of Chicago. This factory not only produces radios, but also produces other electronic products, which are very large and have many workers.

The problem is that the boss of this factory is not well-managed and plans to file for bankruptcy. At the beginning, he planned to sell it, but no one was willing to buy it for one million. He was unwilling to lower the price, so he had no choice but to prepare to file for bankruptcy.

"My factory is so big that even if I file for bankruptcy, I can sell it for one million!" said the boss.

Alex also looked at this factory and found that the equipment inside was OK, but the products produced were outdated, so he kept losing money. In this era of rapid updates of electronic products, many companies could not keep up with the times and were eliminated. This factory had the same fate, but after it was acquired by Carpenters, it is likely to have a different future.

The factory has no problem with the assets. They have consulted with lawyers and have not had much debt, which is completely within an acceptable range. So he asked Bart to sign a contract with his boss on the spot. As long as the relevant procedures are completed, the factory will belong to them.

In this way, a company called "Carpenter Electronics" was established silently. This company is usually referred to as CPT, a new company in electronic products.
Chapter completed!