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throwaway210222
on June 8, 2021
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IRS records reveal how the wealthiest avoid income...
No tax perhaps, but interest has to be paid.
Of course, in a ZIRP fantasyland the interest is negligible.
e12e
on June 8, 2021
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If the choice is 40% tax or 2% interest...
kristjansson
on June 8, 2021
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I mean, long term rate is 20%, so taking a margin loan at 2% to finance consumption is a bet that you have less than 10 years to go…
papercrane
on June 8, 2021
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That's assuming the asset that would've been sold doesn't increase in value. It's likely that the asset will increase in value more than the cost of the loan.
koheripbal
on June 8, 2021
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You are conflating assets and liabilities. Are you really suggesting people pay taxes on their liabilities?
That would be insane.
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Of course, in a ZIRP fantasyland the interest is negligible.