Question on the rich and borrowing against assets?
This has a little to do with defi in regards to making yourself and your assets your own bank. I know a classic move by the rich is to borrow against their assets to avoid selling stocks and making a taxable event. But in every article I read they don't tell me how the rich pay back those loans without incurring a taxable event. I must be missing something obvious but I just can't figure out what it is.How does a rich person who borrowed against their stock position pay back the loan without incurring a taxable event?
Ingrandisci immagine - Repost: Question on the rich and borrowing against assets? (from Reddit.com)
This has a little to do with defi in regards to making yourself and your assets your own bank. I know a classic move by the rich is to borrow against their assets to avoid selling stocks and making a taxable event. But in every article I read they don't tell me how the rich pay back those loans without incurring a taxable event. I must be missing something obvious but I just can't figure out what it is.How does a rich person who borrowed against their stock position pay back the loan without incurring a taxable event?
Ingrandisci immagine - Repost: Question on the rich and borrowing against assets? (from Reddit.com)
Social Media Icons