Oct 28, 2021
10:35:03am
10:35:03am
"Since loans aren't considered taxable income, the wealthy need only pay back th
"Since loans aren't considered taxable income, the wealthy need only pay back the principal and interest . . ."
So they only need to pay back the amount they took out, plus interest? whaaaaaaaaaat?
So they only need to pay back the amount they took out, plus interest? whaaaaaaaaaat?
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- SalmonOfCapistrano
- Joined
- Feb 1, 2012
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- Apr 19, 2024
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Messages
Time
10/28/21 10:46am
10/28/21 10:50am
10/28/21 10:53am
10/28/21 10:55am
10/28/21 10:58am
This is incorrect man. They can wait until they pass away, get a step in basis on their assets, and have all that growth
10/28/21 11:11am
10/28/21 11:56am
10/28/21 10:46am
They can let the debt run up forever and then have it paid for with assets that have stepped up in basis at their death.
10/28/21 10:39am
10/28/21 1:05pm
10/28/21 10:53am
10/28/21 10:55am
10/28/21 10:57am