[jjeaff]

Actually, that stock appreciation value IS available to you. You can get a very low interest (sub 1%) loan using your stock as collateral. If you have enough stock (like the very wealthy), you can just keep doing this and paying off the interest with more loans.

Then, when you die, your estate can take advantage of the step up rule. Which means that instead of using the original value of the stock you bought as a basis to calculate your profits, the basis is "stepped up" to the value of your stock on the day you died. After which, your estate can sell the stock and pay no taxes and then pay off the loans you lived off of your whole life.

And that is exactly why companies with founders that own lots of shares are no longer paying out dividends and trying to make a profit. They simply put everything possible back into growing the stock price eternally. Because dividends are taxed. Stock appreciation, if you are rich enough, is not.

[Scandiravian]

Pro-tip: use the money you borrow to pump the price of your stock to increase your leverage

[xvector]

Amazing tip, thanks!