ilmscore | Prediction Details
"he goes to the bank and he told them hey I have the stock worth a million dollar just for example give me a loan for $100,000 the banks were happy to do that because then the banks would make 6% interest and now all Elon Musk has to do is make sure that his stock is growing faster than the interest that he's paying"
By Minority Mindset | November 12, 2023 | Pending
From video
How The Wealthy Pay No Taxes (And How You Can Too) | Jaspreet Singh 00:28:34 - 00:28:50
Interpreted Prediction
Borrowing against the value of assets (like stock) can provide cash flow without immediate tax implications, as long as the asset's growth outpaces the interest on the loan.

Prediction Details

Topic
Tax Implications of Borrowing Against Assets

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