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Oct 28, 2021
10:28:27am
Windward_Coug All-American
So billionaires get personal loans using their assets as collateral
with the intent to live off those loans. They do this so they don't have to pay income tax on it right? Where does the money come from to pay off the loans? They have to eventually sell a portion of their assets to pay off the debt right?

Windward_Coug
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Eldoradocoug
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Windward_Coug
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Feb 8, 2011
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Jan 27, 2022
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8,425 (21 FO)
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Missed in this... how did Propublica get access to all that IRS information? (crack, Oct 28, 2021 at 11:34am)
This isn’t that complicated. If you hold or invest cash instead of paying off (hansel, Oct 28, 2021 at 11:12am)

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Reading these threads just re enforces the low level of business and finance IQ (kotacoug, Oct 28, 2021 at 3:39pm)
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