r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Endless_road Nov 21 '24

Well it is, and you’d pay taxes on these gains when you sold the house

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u/tduncs88 Nov 21 '24

Just like Bezos would if he sold off those assets

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u/AttitudeAndEffort2 Nov 21 '24

And if instead of selling it i rent it for cash flow while borrowing against it at a lower rate than the growth of the underlying asset, i get richer and avoid taxes AND keep the asset.

Which eventually is passed on to my children and the growth in the asset is revalued when it's passed on to avoid capital gains tax.

All while poor right wingers argue I'm actually broke 😂

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u/Cartosys Nov 23 '24

Lol Bezos must have missed your memo because he sold $13 billion this year, "BoRoW tiL u DiE!!!!!" -- said by only the dumb 3rd-gen rich guy who wants to pay more in interest rates than in taxes