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Shellback Squid

(9,749 posts)

3. I don't quite understand when the wealthy borrow against their stocks to avoid tax then how is

Reply to snot (Original post)

Sat Nov 1, 2025, 08:45 PM

Nov 1

the debt paid without withdrawing and how do they avoid interest on that loan?, I'm not an accountant and this baffles me

On edit, I'm really high right now

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cliffside

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Highlight:

How the US Tax Code helps the rich get richer at our expense: [View all] snot Nov 1 OP

She was just interviewed on All Things Considered as well jmbar2 Nov 1 #1

I have a loved one who can confirm everything in this video uponit7771 Nov 1 #2

I don't quite understand when the wealthy borrow against their stocks to avoid tax then how is Shellback Squid Nov 1 #3

They pay interest. Igel Nov 2 #5

Bookmarked for later, thanks. nt cliffside Nov 1 #4