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A comment on Where Each U.S. State Gets Its Tax Revenue From. Parent comment
People bring up a loophole that does exist, and assume that everyone uses it. Welp, like most of these "1%" discourse, its pretty damn rare.
https://taxprofblog.aals.org/2026/06/16/fox-and-liscow-the-r...
> If buy-borrow-die were the dominant playbook, the rich would be leveraging aggressively against their ballooning portfolios. They aren’t. Borrowing against unrealized gains is, if anything, more of a middle-class habit than a billionaire one.
> Buy-borrow-die is a real loophole, and in absolute terms the rich borrow a lot...
People bring up a loophole that does exist, and assume that everyone uses it. Welp, like most of these "1%" discourse, its pretty damn rare.
https://taxprofblog.aals.org/2026/06/16/fox-and-liscow-the-r...
> If buy-borrow-die were the dominant playbook, the rich would be leveraging aggressively against their ballooning portfolios. They aren’t. Borrowing against unrealized gains is, if anything, more of a middle-class habit than a billionaire one.