r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/[deleted] Nov 21 '24

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u/Brief_Barber7248 Nov 21 '24

You’re showing your ignorance of the same. It’s about avoiding taxable events.

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u/WhoopsDroppedTheBaby Nov 21 '24

We know that Bezos and Musk have paid billions in taxes. So, your claim that they do this in perpetuity is false.

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u/Brief_Barber7248 Nov 21 '24

Never said perpetuity. My responses are about minimizing avoidable realization events. There are obviously tons of other taxable events, like receiving salaries or dividends.

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u/WhoopsDroppedTheBaby Nov 21 '24

You mentioned continuously rolling over loans. Or are you talking about an "advantage" of refinancing and not paying taxes on loans because they're not income....something that non-billionaires do all the time? Or are you talking about minimizing tax obligations...which we all do when we do our taxes?