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by lm28469 1713 days ago
https://www.forbes.com/sites/sarahhansen/2021/06/08/richest-...
1 comments

Tax deferral is not tax avoidance. If Elon Musk gets a loan backed by his Tesla shares to diversify his holdings, that isn't actually a "tax free" cash out. The tax is just deferred to if/when the bank margin calls the loan, or he dies, etc. But the taxes do get paid, eventually.

These Forbes articles and such conflate different issues and really confuse this point.