The super rich never sell shares, then they have to pay takes on the income. It's much cheaper to borrow and never pay income tax. Up until recently at least.
Wait, do you mind an ELI5 version of that tactic? Or is it that simple borrow, payback asap to reduce interest, repeat? Borrowing from two sources spit apart and pay off one with the other, repeat? Never sell shares.
It's very common.
The super rich never sell shares, then they have to pay takes on the income. It's much cheaper to borrow and never pay income tax. Up until recently at least.
Wait, do you mind an ELI5 version of that tactic? Or is it that simple borrow, payback asap to reduce interest, repeat? Borrowing from two sources spit apart and pay off one with the other, repeat? Never sell shares.
It people like Jef bezos. Or Bill gates.
They just borrow against their shares until they die, then the loans are paid off and income taxes are not due after your death.
I'm getting ready for work, I'll look and see if I find a link later.
Oh please do if you get the chance, fren.