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.