They take loans out against their stock. They never actually sell their stock. They don’t pay capital gains. This way they don’t even pay income tax. It’s super fucked up and the banks that participate Congress should drop that weight around their neck and lets see if they swim.
The shit should be illegal. A bill tried to go thru in 2018-2019 but Trump vetoed it
They take loans out against their stock. They never actually sell their stock. They don’t pay capital gains. This way they don’t even pay income tax. It’s super fucked up and the banks that participate Congress should drop that weight around their neck and lets see if they swim.
The shit should be illegal. A bill tried to go thru in 2018-2019 but Trump vetoed it