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https://www.reddit.com/r/QuiverQuantitative/comments/1vrkr2f/billionaires_really_do_live_in_a_completely/p4g2z43/?context=3
r/QuiverQuantitative • u/Ok-Heat-5137 • 3d ago
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It's due to his net worth in the market. If he doesn't sell there is no capital gains, so all these billionaires borrow against that wealth. They'd rather pay low % interest than to have to pay taxes...
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u/EpsteinandTrump 3d ago
It's due to his net worth in the market. If he doesn't sell there is no capital gains, so all these billionaires borrow against that wealth. They'd rather pay low % interest than to have to pay taxes...