Chapter 16: Movies and novels

The next day.

In front of Abel's office desk, there are about a dozen newspapers of different thicknesses.

Abel flipped casually a few times.

He noticed that the newspapers all had one thing in common, that is, they reported on the $300 million worth of new drug patents they had sold to Pfizer.

It's just that there are not many big newspapers that report it, like the New York Times and the Wall Street Journal.

Only the Los Angeles Times, a local California newspaper, devoted a not-so-large page to its report.

It's just that it's not as detailed as the report, and it's similar to what was reported on the TV news.

In these reports, Abel's genius and the technology of the new pharmaceutical patent are secondary. The main direction of the report is Pfizer, a well-known second-tier top pharmaceutical company, what kind of nerves did it cost $300 million to buy a young man's patent.

There is even a small newspaper that openly declares that this is definitely not some genius selling patented technology to pharmaceutical companies. It must be that the shareholders of Pfizer want money, and in this clumsy way, launder their black money. It is also recommended that the IRS and the FBI must intervene to investigate the situation.

After casually browsing, Abel shook his head slightly, they were all small and medium-sized newspapers, except for the Los Angeles Times.

Abel estimated.

The Los Angeles Times will report on itself, and it's biased towards the positive, probably because I'm Californian.

Whereas, the Los Angeles Times is a local newspaper in California.

The newspapers sent by the little secretary were not an ode to praise. But Abel is also a little proud, he is no longer an ordinary little transparent in the previous life, this time in the current start-up stage, he finally has a little fame.

And that's a good thing.

At least when he didn't come home for two or three days, his mother called him.

The mother who loved him in this life on the phone was ecstatic, and threw a basket of words of praise and praise over him.

By the way, he also told him that his cheap father in this life is now pruning the flowers and trees in his entire yard.

The reason is that he is not optimistic about Abel's business the day before yesterday and made a bet with his mother. It turned out that Edward had lost.

Then you have to be a gardener.

And Abel himself.

He now feels like he's all right, and he's so good.

Each of the three companies under its name has $100 million.

Red Giant Bear, Oasis Investments, SPC Fund. This is a merchant company registered by Abel, and the three companies are cross-shared, and Abel only holds 10% of the shares of each of the three companies, but relies on this little share.

With a magical cross-shareholding, he was able to take full control of three companies.

As for why it was so complicated to separate the three companies, it was Alvertelli's suggestion.

The reason is simple.

Purely for tax avoidance.

The taxes on the side of Lao Mei are really hard to explain. Paying taxes and avoiding taxes almost runs through the life of an old beauty. The richer the person, the more they have to learn to avoid taxes in this country.

Moreover, the various laws on taxation in the United States are outrageous, and the names of taxes are also strange.

For example, if you eat bagel in a restaurant in New York State, as long as the merchant slices it or applies it with other condiments such as cream cheese, you will be charged an additional tax of 8 cents per bagel on average. However, similar foods such as bread are not taxable.

Bagels are an extremely common food in the United States, especially in large cities such as New York and San Francisco, where there are many bagel shops that make it easy for the urban population to have breakfast or lunch.

For example, when we buy coffee, of course, we are very accustomed to holding a lid to cover it so that it does not spill out, right?

However, in Colorado, there is a 2.9% tax on non-essential packaging, including coffee cup lids. Coffee cup lids are considered non-essential packaging!

Some people may say that this is a mainland state, a relatively closed inland state, that has such a strange tax law.

But in the Pacific Ocean, the state of Hawaii, just 15 years ago, in 1975, passed the "Special Tree Law."

The law provides for a deduction of up to $3,000 if a tree on the lawn in front of a person's house is deemed unusual, but no other trees can be treated as good......

For a single tax bill, there are tens of thousands of strange regulations in dozens of states in the entire federation. Not to mention that there are other laws.

If you really calculate it carefully, the laws and regulations of the United States are probably the most complex and changeable country in the world.

Having said all this, it is time to know why doctors and lawyers are the two supreme professions that people in this country want to be the most.

The former has outrageously high incomes.

The latter's income is also ridiculously high.

It's that simple.

Abel created three companies under his name just to avoid taxes.

The personal income tax in the United States is ridiculously high, hovering between 35%~45%. The richer the person, the more taxes they have to pay.

But corporate tax is much lower, and there are many operations that can be reduced. In full operation, now in 1990, these taxes could be reduced to about 16% in California.

Abel sold the patent to Pfizer, not in his own name. If it is in his own name, he will have to pay personal income tax...... The minimum is also 40%.

It's scary to think about.

$300 million is subject to $120 million in taxes......

No one can accept it.

However, it is much more reasonable to avoid taxes through cross-shareholding and the practice of three independent companies, and to pay corporate taxes.

In this way, Abel reduced the tax to 16.57%, and if it is $300 million, it is close to $50 million.

Although he felt that it was still outrageous, it was the minimum allowed by law.

If you want to pay no tax or pay less, then you can only go to a more advanced way to avoid taxes.

For example, a permanent trust fund, or the future of the world's richest people's favorite things - charity funds.

However, Abel's current wealth is still a little far from this step.

Thinking about being scraped $50 million by the Internal Revenue Service, Abel is still quite unhappy.

He's not happy.

decided to let the little secretary who had been peeping at him next to him not be happy.

It's just that before he makes the little secretary unhappy, he asks Alvertelli to do something.

He scribbled down a lot of things on a slip of paper and handed it to Alvertelli.

"Al. I hope you can help me find out where the rights to this are? and buy it, and the actor, and invite him too. He's supposed to be working on a TV comedy called Vivid Colors at a company called Warley Road Productions right now. ”

"Find them, I need them, get it?"

Alvertelli nodded.

It's just that his expression was a little hesitant, and the expression was very obvious, so Abel had to ask:

"What's wrong?

“BOSS。 This is...... The script for the comic book adaptation?Adaptation rights?This guy seems to be a comedian, you want to ......," Alfertley asked quietly.

"Uh-huh. ”

"I want to make movies. ”

"It's as simple as that. ”

Abel replied very dryly.

Alvertelli seemed to want to persuade him, but seeing Abel's calm appearance, he finally withdrew the words of persuasion back into his stomach.

The character of this boss.

It's the kind he decides, and no one else can stop it. Alvertelli is a good person, although he thinks that a scientific talent like the boss is speechless when he goes to make movies.

But the owner loved it.

He didn't dare say anything.

I had to nod and run to do something obediently.

After Alvertelli was gone.

Abel then waved at Cameron Diaz, who had been paying attention to this side.

"My little secretary. Come here......"

Cameron Diaz walked over and asked obediently, "BOSS?"

"Uh-huh! let you learn more than a month of vocational skills", finally came in handy. I need you to type, I say it, you type it in the computer......" Abel pointed to the rudimentary Apple computer, which he didn't even bother to touch, and said to Cameron Diaz.

The little secretary took a look.

Although I felt that this job was easy to irritate, I still had to walk over with my head down.

She sat obediently in front of the computer.

“BOSS。 It's time to go. Thinking of the salary that had just doubled yesterday, the little secretary who was ready was in a better mood and said softly.

"Hmm. Printed out, I'm ready to write a novel...... I said, you type. ”

"Okay. ”

"Here we go. ”

"Mr. and Mrs. Dursley's ...... at 4 Privet Road"