Re:Anti-Tax Fervor Closed Their Libraries. Now Residents Are...
by twblalock on Wednesday October 17, 2018 @06:09PM
(#18244279)
But the monthly loan payments need to be made somehow, no matter what you use the loan for.
If you pay them with income, you paid income tax.
If you pay them by liquidating assets (including assets you purchased with the loan money and then sold), you pay capital gains tax (unless you sell for a loss).
If you pay them with income, you paid income tax.
If you pay them by liquidating assets (including assets you purchased with the loan money and then sold), you pay capital gains tax (unless you sell for a loss).