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by throw0101a
1209 days ago
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> If you lie on your tax returns then you have much bigger issues than college admissions counselors. If you own a large amount of equities you can get a secured loan on those holdings and use it to pay your bills while taking zero salary. This allows folks to live fancy lifestyles without selling holdings and triggering capital gains: * https://www.cnbc.com/2021/07/13/portfolio-loans-can-be-one-w... The loan is not counted as income. |
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