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A comment on IRS records reveal how the wealthiest avoid income tax. Parent comment

Re:IRS records reveal how the wealthiest avoid income tax by e12e on Tuesday June 08, 2021 @08:57AM (#27434525)
If the choice is 40% tax or 2% interest...
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Re:IRS records reveal how the wealthiest avoid income tax by kristjansson on Tuesday June 08, 2021 @09:20AM (#27434773)
I mean, long term rate is 20%, so taking a margin loan at 2% to finance consumption is a bet that you have less than 10 years to go…
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Re:IRS records reveal how the wealthiest avoid income tax by papercrane on Tuesday June 08, 2021 @10:15AM (#27435484)
That's assuming the asset that would've been sold doesn't increase in value. It's likely that the asset will increase in value more than the cost of the loan.
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Re:IRS records reveal how the wealthiest avoid income tax by koheripbal on Tuesday June 08, 2021 @10:30AM (#27435662)
You are conflating assets and liabilities. Are you really suggesting people pay taxes on their liabilities?

That would be insane.

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