4 ms·
The “repeating the process” is entirely the problem. If you perpetually roll over your loans you are able to spend large amounts of money without ever realizing
by opportune 5y ago
The “repeating the process” is entirely the problem. If you perpetually roll over your loans you are able to spend large amounts of money without ever realizing a cent of it, thus never paying taxes (since your estate would end up paying it but then financial trickery makes the realization there non taxable).
It would be easy to avoid this infinite tax liability by not taking out an infinite amount of loans…
- Anon1096 5y agoThe problem here is with the step up in cost basis upon death, not getting loans against unrealized shares.
- WalterBright 5y agoDon't overlook the estate tax.
- deleted 5y ago[deleted]
- gfodor 5y agoYou missed the part where I said you pay the loan back. You know, like all loans.