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23

How the rich pay no taxes

submitted by Conspirologist to Memes 10 monthsJun 19, 2024 03:39:29 ago (+27/-4)     (files.catbox.moe)

https://files.catbox.moe/fq64us.jpeg



15 comments block

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[ - ] Master_Foo 0 points 10 monthsJun 19, 2024 17:35:44 ago (+0/-0)

Good for them.

[ - ] Osmanthus 0 points 10 monthsJun 19, 2024 13:44:24 ago (+0/-0)

Banks won't lend against stocks, so the third one isn't exactly correct. Works for real estate though.

[ - ] RobertJHarsh 0 points 10 monthsJun 19, 2024 11:35:35 ago (+0/-0)

I hope to be rich on paper one day so I can borrow money and not have it taxed. Then sell stock to payback the loan and take out ANOTHER loan as stock gains value. A brilliant plan that I hope never changes.

[ - ] Deplorablepoetry 2 points 10 monthsJun 19, 2024 08:37:05 ago (+2/-0)

Remember when $1 MILLION was enough to retire on and live comfortably until the day you expire?

Seems like a million years ago, a better time, only a few decades behind us

Tomorrow’s dreams need economic catastrophe to ignite our great white resettlement

As the worth of our dollar declines in value, blood becomes the most valuable commodity.

Always remember, it’s white blood the planet lusts after

[ - ] TheNoticing 3 points 10 monthsJun 19, 2024 10:54:55 ago (+3/-0)

Capitalize White

[ - ] Prairie 2 points 10 monthsJun 19, 2024 06:39:08 ago (+2/-0)

How do they pay the loan back? Don't they need income to do so?

Also, can we decide whether we think that more taxes are good, or bad?

[ - ] Master_Foo 1 point 10 monthsJun 19, 2024 17:38:44 ago (+1/-0)

The loan is secured by the stock as collateral.
The loan "defaults" and the bank gets the stock.

It's essentially selling the stock to the bank without having to pay taxes on the sale.

[ - ] Prairie 0 points 10 monthsJun 20, 2024 06:09:54 ago (+0/-0)

Oh wow. I guess I failed the test of being jewish, phew.

[ - ] eongoat 1 point 10 monthsJun 19, 2024 05:58:09 ago (+1/-0)

There's no capital gain tax in Puerto Rico.

[ - ] Deplorablepoetry 3 points 10 monthsJun 19, 2024 08:39:31 ago (+3/-0)

Taco niggers are the tax

[ - ] carnold03 5 points 10 monthsJun 19, 2024 05:38:01 ago (+5/-0)

So... How much is the rich guy saving paying interest to the bank versus paying taxes to the government?

[ - ] NoRefunds 1 point 10 monthsJun 19, 2024 13:36:29 ago (+1/-0)

if he's a jew, 0%

[ - ] GeorgeBailey 5 points 10 monthsJun 19, 2024 04:48:22 ago (+5/-0)

The system on the right is how the government spends our money. Except they use the people (economy) as collateral.

But in that situation we acknowledge that it's incorrect and it's really just a path to fuck ourselves in the future.

There's no intention to pay back the debt in the fake money that they print.

So how does the millionaire intend to pay back his debt or even the interest on the debt that he keeps taking out on the collateral of his stock?

As soon as he tries to pay off his loan or his interest he pays capital gains tax so what is the point?

I think there's a lot more that goes on then can be put into a meme like this. You have to have charitable donations, political contributions, ngos, foreign investments, foreign tax safe havens. Etc

[ - ] Nosferatjew 1 point 10 monthsJun 19, 2024 04:37:14 ago (+1/-0)

The system on the right works extremely well, but only so long as your portfolio grows faster than your debt, and you are thus forever able to avoid a margin call.

[ - ] DukeofRaul 1 point 10 monthsJun 19, 2024 03:45:22 ago (+1/-0)

S&P 500. Ben bernankey told his wife to just put it in there ... i mean after he died