Oct 28, 2021
10:52:06am
10:52:06am
It seems you are missing the point, they will pay taxes eventually, BUT they are
delaying paying those taxes.
Example with bogus numbers. Instead of having to pay taxes on $100 million right now this year, they take out a loan. They pull $10 million to cover repayments on the loan. So this year instead of paying $50 million+ in taxes, they pay $5 million. The $90 million they didn't have to pull out due to the loan continues to grow exponentially. They continue to get exponentially richer, and continue to delay paying taxes on it.
Not saying I agree with taxing unrealized gains, but this is the "reality" of what they are doing.
Example with bogus numbers. Instead of having to pay taxes on $100 million right now this year, they take out a loan. They pull $10 million to cover repayments on the loan. So this year instead of paying $50 million+ in taxes, they pay $5 million. The $90 million they didn't have to pull out due to the loan continues to grow exponentially. They continue to get exponentially richer, and continue to delay paying taxes on it.
Not saying I agree with taxing unrealized gains, but this is the "reality" of what they are doing.
Originally posted on Oct 28, 2021 at 10:52:06am
Message modified by BYUFootballisBack on Oct 28, 2021 at 10:53:30am
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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