rich1.0josh wrotejosh (npub1pc…3dmza)https://yabu.me/npub1pc57ls4rad5kvsp733suhzl2d4u9y7h4upt952a2pucnalc59teq33dmzanjumphttps://yabu.meAs always, the rich will avoid even these taxes. Not even that hard to think about how they’ll do it.
Take out a loan (with a great interest rate) against an asset. Maybe an art piece valued at $100k. Have someone you know appraise it later that year at $50k. $50k unrealized loss. Counteract a $50k unrealized gain with it. Pay the interest rate of the loan, but avoid the gains.
nostr:nevent1qqs8jpex8sgg6yu6zqsu7ts2v3fuaxjx47pu72jr7q677gdgd3tgh0gsrct2l