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fwsgonzo
2 days ago
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Elon Musk Becomes First Trillionaire as SpaceX Sta...
The loopholes are well known at this point. They keep renewing loans until they die, then it's tax-free after death. It's called Buy-Borrow-Die.
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dismalaf
2 days ago
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Buy-Borrow-Die resets the basis for capital gains tax, but then there's estate tax when the money gets passed on (exemption is only $15 million, trivial to billionaires).
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