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Topic	Politics Containment Topic 379: Kabulshit
Maniac64 10/08/21 9:10:36 PM #310:	red sox 777 posted... It's not. The corporation can spend the money for them to a large extent. Once you're past a certain wealth level your spending is going to be a tiny fraction of your wealth, it's all about investment choices. And your corporation can invest as well as you can in your own name. Plus, you can take out loans from your corporation secured by your shares and spend the proceeds. Loans with very, very, very, long repayment times. When you die, your estate can pay back the loans using your shares. And then you claim the loans as debt on your taxes to offset your income so you dont even have to pay taxes on that. --- "Hope is allowed to be stupid, unwise, and naive." ~Sir Chris <cite>Maniac64 posted [p:958846376] in Politics C... [t:79667835]...</cite> <quote>red sox 777 posted... </cite> <quote>It's not. The corporation can spend the money for them to a large extent. Once you're past a certain wealth level your spending is going to be a tiny fraction of your wealth, it's all about investment choices. And your corporation can invest as well as you can in your own name. Plus, you can take out loans from your corporation secured by your shares and spend the proceeds. Loans with very, very, very, long repayment times. When you die, your estate can pay back the loans using your shares.</quote>And then you claim the loans as debt on your taxes to offset your income so you dont even have to pay taxes on that. --- "Hope is allowed to be stupid, unwise, and naive." ~Sir Chris</quote> ... Copied to Clipboard!
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