cogman,

I’ll take it one step further, most rich people pay for big bills with debt whenever possible. That’s because debt doesn’t incur tax events. It’s better to take out a 10 year loan for 1 billion dollars and pay it off by slowly selling of equity then it is to sell 1 billion in equity + the extra you’ll need to pay off the tax man.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • politics@lemmy.world
  • DreamBathrooms
  • khanakhh
  • thenastyranch
  • magazineikmin
  • InstantRegret
  • rosin
  • ethstaker
  • modclub
  • Youngstown
  • slotface
  • osvaldo12
  • kavyap
  • ngwrru68w68
  • everett
  • JUstTest
  • GTA5RPClips
  • tacticalgear
  • Durango
  • Leos
  • mdbf
  • provamag3
  • cisconetworking
  • cubers
  • tester
  • anitta
  • megavids
  • normalnudes
  • lostlight
  • All magazines