> collateralizing those shares for debt If you take a loan (collateralizing future income for money) should you pay taxes on that loan today? It isn't a tax lo

> collateralizing those shares for debt If you take a loan (collateralizing future income for money) should you pay taxes on that loan today? It isn't a tax loophole, it is insane to think that taking a loan should make you pay taxes on future income, it would cause so many issues for everyone. The taxes will be paid some day, you don't get richer or pay less by taking a loan. The reason these people take loans on their shares is to keep control of the company, but doing that costs them more not less. And finally, the government already takes out loans on future taxes to pay for things today, so not having taxes today isn't an issue for them either. So rich people taking out loans on shares is a total non issue that people for some reason talks about a lot, it doesn't make a difference at all.