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14 comments
debt is not taxable but you pay interest for any kind of bank debt. so stop making debt sound so smart. the moment the market crush, the normal folks will have to bailout any financial system fallout.
Sounds fair.
Bezos lives un Florida…no Capital gains tax.😂
how does he make payments on the loan, where is the income if all money is in stock
$1B in stock, so $1M loan to 'live' on… is that loan now an expense against actual income from business?
This article was quite useful! One quick question: my OKX wallet holds USDT, and I only possess the seed phrase (island blind tennis trap moment element print chair state hobby actress finish). How do I transfer it to Binance?
What about the interest on the loan? It still has to be paid.
What systems did he use to pay it back?
So then what tax rate does he pay on the income he earns to pay off the debt? + the interest the lender takes for the loan
I really appreciate your efforts! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
And how does he pay off the loan?
Let’s not forget that debt carries interest
I keep hearing about taking a loan against something,can someone explain that concept to me in beginners terms
Very smart! Find the legal loop hole and use it!