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You can absolutely take out low interest loans using your stock as collateral. That's how the wealthy pay for many things.
by anonygler 5y ago
You can absolutely take out low interest loans using your stock as collateral. That's how the wealthy pay for many things.
- kevin_thibedeau 5y agoIt's how they scrape by on a $1 salary so they can engineer themselves into a lower tax bracket.
- AndrewUnmuted 5y agoThis is pretty misleading. Don't you think the government's forcing "income" to be defined as w2 salary has a lot to do with why this happens, and is therefore an important qualifier? They literally invented a new industry by arbitrarily restricting terminology. Those loans would never exist if we did not pray on individual earners to "fund" the government's "services."