Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ...
by neosenate on Saturday September 18, 2021 @06:46AM
(#28575124)
How are the loans paid back? I could never figure this one out. If they have to sell assets to pay for the loan, don’t they then get taxed at point of sale?
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Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ...
by bin_bash on Saturday September 18, 2021 @08:39AM
(#28575750)
They either get terms where they have to make minimal payments if any, and refinance before the due date. Or they take out more loans to make the payments. Eventually they just die and the estate pays it off tax-free.