Sneaky Trick Billionaires Use To Not Pay Taxes

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[Surfer_Jay]

How much interest are you paying on that loan & how do you service it?

[nigatta]

everyone always talks about borrowing on your assets but no one ever explains how to pay that money back eventually, you run out of assets to borrow on

[DTDiese]

But, wouldn't it still make more sense to sell the top of a market, take the tax hit, and then buy back low?

[jddjango]

And if you don’t have income, how the hell are you gonna pay back the loan?

[allrelative]

That's funny because elon spins it like I'm such a good person I only take a very small income 🤣. You cannot trust these people.

[beat]

Isn't this how Blockfi people got rekt?

[johnwolf]

You have no idea what you are talking about.
to pay back the loan they have to sell stock or have income.