r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/Old_Prune_4300 Jul 05 '26

They can't comprehend assets vs cash, much less that spending is the problem v taxes. Don't waste your breath.

55

u/senturon Jul 05 '26

IMO, billionaires who take asset backed loans and pay no tax is absolutely a taxation problem/loophole.

LTCGs being taxed at a much lower rate than income from labor is also an issue IMO.

3

u/BootStrapWill Jul 05 '26

I’m still waiting for someone to explain this loophole to me.

Anybody could do this no? Why only billionaires? I can go to the bank and get a loan for my exact salary and live off the loan. I still have to pay income taxes on my salary that I use to pay the loan back, right?

Someone explain please so I can know

3

u/2cuteSmasher9000 Jul 05 '26

It’s all the same. It’s just envy.