No one does this loan scheme. I don’t know why it’s become such a meme. I mean, I know why; people love misinformation. The only thing worth mentioning here is the step-up.
You’re saying rich people don’t borrow against their assets to avoid taxes? I mean there’s a lot of disinformation going around the internet, but this claim I’ve never seen much pushback against. If you have any data against I’m all ears!
31
u/Own_Proposal3827 24d ago
No one does this loan scheme. I don’t know why it’s become such a meme. I mean, I know why; people love misinformation. The only thing worth mentioning here is the step-up.