Re:We are publishing the tax secrets of the .001%
by tootie on Wednesday June 09, 2021 @09:31AM
(#27447642)
This doesn't defer taxes, it defers realizing profits. The loan payments have to be made with cash that came from some source which can likely be taxed. Anyone with assets can do this proportional to their assets. Admittedly most people don't have sufficient assets to make it worthwhile. Nor do they exercise the voting rights on stocks. But really any middle class investor with a nest egg could do it.
But there is something to be said about being able to defer taxes effectively forever. Only the ultra-wealthy are able to do this.