Yep. It’s called “Buy, Borrow, Die” and is the main way billionaires avoid taxes. They hold all their stocks and never sell them. Use the stocks as collateral to take out massive low interest loans, and live off the tax free loans until they die. Banks are happy having Billionaires business and Billionaires are happy paying significantly less than they would on interest than they would on taxes for selling shares.
Yep. It’s called “Buy, Borrow, Die” and is the main way billionaires avoid taxes. They hold all their stocks and never sell them. Use the stocks as collateral to take out massive low interest loans, and live off the tax free loans until they die. Banks are happy having Billionaires business and Billionaires are happy paying significantly less than they would on interest than they would on taxes for selling shares.