I'm pretty sure individuals are unlikely to be able to get away with the same thing. :(

Really rich individuals probably can.

Technically, anyone could get away with it. But, it's the value proposition that really makes it unrealistic lol.

You'd have to be at a point where you're trying to scale your business for this type of tax planning to really kick butt.

I need to start a company...

"Does this still work? Federal corporate tax law has closed this loophole, so this tax model is no longer useful for federal level taxation."

So individuals, corps, no one's really going to get away with this who isn't already.

This loophole is closed for federal corp tax, but its still available for state tax planning.