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Tax Every Person In America Who Has Not Paid Taxes In More Than 2 Years...
26 Aug 2022 6:21 am
That's ****. First, no one makes money solely from "borrowing against their assets" - that would lead to a real net loss.GeorgeWashington » 25 Aug 2022, 7:43 pm » wrote: ↑ When you have millions in assets and make your money solely from borrowing against the assets, you will never pay income tax
So, what are you REALLY referring to when you claim someone makes money from borrowing against their assets? Short selling? Lending the borrowed money at a higher rate? Leveraging the purchase of an income producing asset?