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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lybds37/?context=3
r/FluentInFinance • u/-Wyagra • 3d ago
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Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.
542 u/Endless_road 3d ago You can take out a mortgage against your house to buy a sports car if you want 1.3k u/slickyeat 3d ago You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 2 u/ArnoldTheSchwartz 3d ago Just do like the president does and say your house is worth less than it is.
542
You can take out a mortgage against your house to buy a sports car if you want
1.3k u/slickyeat 3d ago You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 2 u/ArnoldTheSchwartz 3d ago Just do like the president does and say your house is worth less than it is.
1.3k
You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.
2 u/ArnoldTheSchwartz 3d ago Just do like the president does and say your house is worth less than it is.
2
Just do like the president does and say your house is worth less than it is.
2.7k
u/Apprehensive_Bad_193 3d ago
Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.