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XBX_X on scored.co
18 days ago0 points(+0/-0)1 child
Buddy ... you need to step up your IQ, okay?
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?
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?