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Did you know that you can "avoid" taxes by borrowing against your house instead of selling it? But the taxes are due when you sell, anyway. All the borrowing d
by Arnt 5y ago
Did you know that you can "avoid" taxes by borrowing against your house instead of selling it?
But the taxes are due when you sell, anyway. All the borrowing does is delay the tax, it avoids nothing. You take some risk and may earn something. If you do earn something, the amount taxable increases, too.