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Yes, but he can live on a cheap loan collateralized by his stocks and never sell - that way he pays no tax)
by machinebun 6y ago
Yes, but he can live on a cheap loan collateralized by his stocks and never sell - that way he pays no tax)
- Dracophoenix 6y agoAny asset can be collateralized. Every homeowner in US can do the same thing with a reverse mortgage. Leveraging assets isn't tax evasion. It doesn't even qualify as avoidance.