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by giantg2 1536 days ago
Do you have a link or can give a brief explanation? How the loans work that you say we don't understand?
1 comments

Not really, because I have no idea the extent of ignorance I'm dealing with.

A simple question would be - how does the loan ever get paid off?

A simple point would be that not paying taxes on loans is not some crazy loophole that only the rich have access to. Literally anyone who has ever taken out a mortgage for a house or a loan for a car has taken advantage of this - I'd guess at least 80% of adults in America have a car or home loan.

How about a link then? It seems like you're trolling or otherwise violating the spirit of HN. I mean calling us all ignorant and uninformed, telling us that we're all wrong, then not explaining how we're wrong. In fact, your second comment conflicts with your prior one (claiming that Bezos can't borrow against stock to avoid taxes, then claiming that's exactly what people do).
Here you go, enjoy: https://www.irs.gov/privacy-disclosure/tax-code-regulations-...

Who is "us all" I'm calling wrong? Are you part of a group of tax ignorant fellows with HarryHirsch? Is it a group of people who get their understanding of tax code from r/antiwork?

Delaying taxes is not the same as avoiding or evading them.