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Why would they pay a tax on that? You don't.
by fallingknife 3y ago
Why would they pay a tax on that? You don't.
- hgsgm 3y agoThey can convert it to income via loans, tax-free.
- fallingknife 3y agoLoans aren't income. When you get a mortgage is that income? Also anyone with a brokerage account can get one of those loans. It's not remotely exclusive to rich people.