You don’t pay taxes till you sell. That’s the secret. Wealthy people don’t have a billion in cash they have an assload in stocks and property that just keeps going up in value.
They also take out loans against the stock/assets. Pay that loan off with the next one. On and on. No taxes paid because nothing or very little is ever sold.
You don’t pay taxes till you sell. That’s the secret. Wealthy people don’t have a billion in cash they have an assload in stocks and property that just keeps going up in value.
They also take out loans against the stock/assets. Pay that loan off with the next one. On and on. No taxes paid because nothing or very little is ever sold.