Re:TV Advertising Effectiveness and Profitability
by hellbannedguy on Tuesday July 27, 2021 @07:25PM
(#27978805)
"If Elon Musk is one of the richest men in the world and draws roughly a minimum wage salary, is salary really that valuable to building personal wealth?"
These rich boys take out loans at 0, or 1%, and take their pay from that.
I still don't know quite how the tax dodge works? It makes sence. You get a loan, and that is not taxed, and eventually pay it back at a low interest rate. I thought corporate expenditures were scrutinized a bit more though?
Re:TV Advertising Effectiveness and Profitability
by tibbetts on Tuesday July 27, 2021 @09:38PM
(#27979512)
If you own stock that goes up 10% per year, and you take out a 5% loan against it, the appreciation in the stock more than covers the interest on the loan, so why would you ever pay it off?
These rich boys take out loans at 0, or 1%, and take their pay from that.
I still don't know quite how the tax dodge works? It makes sence. You get a loan, and that is not taxed, and eventually pay it back at a low interest rate. I thought corporate expenditures were scrutinized a bit more though?