ilmscore | Prediction Details
"So now you have $1 million in your pocket tax-free because now if you were to go and refinance your home, that refinance, that debt that you get, that isn't taxable. It's debt. Debt isn't tax taxable. So you're just pulling cash out tax-free with debt. And now you have a million dollars to spend. Now you can use this million dollars to buy a home, you can buy a car, you can buy food, and you can live your life and you don't have to pay any money in taxes."
By Minority Mindset | November 12, 2023 | Pending
From video
How The Wealthy Pay No Taxes (And How You Can Too) | Jaspreet Singh 00:12:46 - 00:13:10
Interpreted Prediction
Borrowing money through debt, such as refinancing a home or taking a loan against business assets, provides cash that is not considered taxable income. This allows individuals to spend this money without incurring immediate tax liabilities.

Prediction Details

Topic
Using Debt to Fund Lifestyle Tax-Free

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