[tombert]

Yeah I've never thought that that was the win that people seem to think it is. When you're that high up in the company, you have so much stock that you can pretty easily get loans against for however much you need, and write off the interest in the process.

[valleyer]

What U.S. tax code provision allows an individual to write off (non-primary-mortgage) loan interest?

[tombert]

Can't you write off capital losses? I've been able to deduct margin interest from my capital gains.

[valleyer]

Margin interest is tax-deductible, but only when you're using the loan to buy more securities. So, in context, a CEO who "works for no salary" and just takes out loans secured by their stock holdings to fund their lifestyle does not get to write off that interest.

Not to say the "no salary" thing isn't silly anyway, of course.

[rtkwe]

They have to trot it out because otherwise there's not much else to pimp about Cohen as CEO and this attempted deal seems much more oriented to juice the total market value of GME to more easily meet the criteria for his recent pay package rather than a great idea for either company on it's own.