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How Do Billionaires Avoid Taxes?

June 18, 2024
in Trade Tube
Reading Time: 1 min read
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Billionaires (usually) don’t sell valuable stock. So how do they afford the daily expenses of life, whether it’s a new pleasure boat or a social media company? They borrow against their stock. This revolving door of credit allows them to buy what they want without incurring a capital gains tax.

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