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TallestSkil on scored.co
18 days ago0 points(+0/-0)1 child
>That's literally how billionaires avoid capital gains. They take out "loans" from the bank using their stocks as collateral. When time comes to pay the loan, they tell the bank to keep the stock. Seriously!
I buy a stock at $1 and it appreciates to $5. If I sell the "traditional" way, I'm paying tax on $4. So what do I do? I borrow $5 from the bank, using the stock as collateral. Then I tell the bank, "Nevermind, keep the stock." I now have $5 -- the value of the stock -- with no tax obligation.
Congrats on helping jews centralize control over all resources and assets on Earth. You handed over partial ownership of a physical good in exchange for fiat currency.
So… the people who do this make no gains whatsoever?
So… they make no gains whatsoever?
I buy a stock at $1 and it appreciates to $5. If I sell the "traditional" way, I'm paying tax on $4. So what do I do? I borrow $5 from the bank, using the stock as collateral. Then I tell the bank, "Nevermind, keep the stock." I now have $5 -- the value of the stock -- with no tax obligation.
So… the people who do this make no gains whatsoever?