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Stock buybacks aren’t capital gains, until the stock is eventually sold to trigger the capital gains event. More recently, we have seen that wealthy people just
by et2o 5y ago
Stock buybacks aren’t capital gains, until the stock is eventually sold to trigger the capital gains event. More recently, we have seen that wealthy people just never sell the stock and take out low interest loans against it, effectively paying a tax ratr of just a few %.
- nickpp 5y agoNothing wrong with that, it’s like a mortgage. The loan must be repaid at some point and so will the tax on capital gains.