So if Elon Musk doesn't sell shares, he pays for stuff (mortgages, credit card bills, stuff he buys) by simply borrowing? Then pays off loans with new loans? -- nm*
Posted by
mara (aka mara)
Nov 11 '21, 05:57
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(No message)
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Responses:
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Yes, because using appreciated assets as collateral for a loan isn’t considered as realizing the gain on those assets for some reason. -- (edited)
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znufrii
Nov 11, 06:57
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Just think of him as owning a really, really big farm. -- nm
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Cowboy BeBaron
Nov 11, 06:37
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Sure, because unrealised gains aren’t taxable. -- nm
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mafic
Nov 11, 06:25
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Yep. Minimal actual salary. -- nm
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Volnelk
Nov 11, 06:15
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Yes that way he doesn’t pay capital gains. -- nm
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spamlet
Nov 11, 06:14
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I’m reminded that Zuck took out like a 9-figure mortgage to buy his house.
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Will Hunting
Nov 11, 06:02
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that's how all the billionaires are doing it -- nm
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decline
Nov 11, 05:58
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