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In response to
"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*"
by
mara
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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)
Posted by
znufrii
Nov 11 '21, 06:57
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Even though there is a direct benefit from that gain. Seems like this would be easy enough to fix, though I’ll admit I haven’t thought through all the potential ramifications of it. A lot simpler than my other idea for taxing unrealized gains though.
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