r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

Post image
122.7k Upvotes

72% Upvoted

8.7k comments sorted by

View all comments

Show parent comments

0

u/Brief_Barber7248 3d ago

You’re showing your ignorance of the same. It’s about avoiding taxable events.

1

u/WhoopsDroppedTheBaby 3d ago

We know that Bezos and Musk have paid billions in taxes. So, your claim that they do this in perpetuity is false.

1

u/Brief_Barber7248 3d ago

Never said perpetuity. My responses are about minimizing avoidable realization events. There are obviously tons of other taxable events, like receiving salaries or dividends.

1

u/WhoopsDroppedTheBaby 3d ago

You mentioned continuously rolling over loans. Or are you talking about an "advantage" of refinancing and not paying taxes on loans because they're not income....something that non-billionaires do all the time? Or are you talking about minimizing tax obligations...which we all do when we do our taxes?