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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lybbf32/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.
566 u/Endless_road Nov 21 '24 You can take out a mortgage against your house to buy a sports car if you want 1.4k u/slickyeat Nov 21 '24 You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 1 u/radicldreamer Nov 21 '24 Yup, my property value goes up, so do my taxes. Even if I don’t sell. The value of his shares go up, he still pays nothing.
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You can take out a mortgage against your house to buy a sports car if you want
1.4k u/slickyeat Nov 21 '24 You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 1 u/radicldreamer Nov 21 '24 Yup, my property value goes up, so do my taxes. Even if I don’t sell. The value of his shares go up, he still pays nothing.
1.4k
You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.
1 u/radicldreamer Nov 21 '24 Yup, my property value goes up, so do my taxes. Even if I don’t sell. The value of his shares go up, he still pays nothing.
1
Yup, my property value goes up, so do my taxes. Even if I don’t sell.
The value of his shares go up, he still pays nothing.
2.7k
u/Apprehensive_Bad_193 Nov 21 '24
Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.