Living off investments (and reducing taxes)
Lets also say I have a few people in my employ to assist in my endeavor, some of home are immediate family, AND some of my capital base is comprised of money from friends and family who love and trust me with their hard earned money. I pay them a portion of the returns as well, when requested.
What is the best way to structure this to minimize the tax burden? I think that if I just day-trade/invest for a living the gains are not treated as capital but as income and thus subject to higher tax? What if I instead just pay myself a modest salary? I have no idea but I know it's a looming problem I may (happily) need to solve in the next decade or so.