TE
科技回声
首页24小时热榜最新最佳问答展示工作
GitHubTwitter
首页

科技回声

基于 Next.js 构建的科技新闻平台,提供全球科技新闻和讨论内容。

GitHubTwitter

首页

首页最新最佳问答展示工作

资源链接

HackerNews API原版 HackerNewsNext.js

© 2025 科技回声. 版权所有。

No More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole

83 点作者 tortilla7 个月前

11 条评论

bko7 个月前
I never understood the issue. You borrow money against your equity, but have to pay it back, with post tax dollars. Plus you pay interest on it anyway. So where it the loophole.<p>Simplified example, I have $100 worth of stock, I borrow $10 and pay 10% interest. I eventually have to come up with the $10 to pay it back, which will be post tax. And I&#x27;m paying interest on it anyway, which may or may not be tax deductible.<p>It would be the equivalent of me getting a home equity loan and having to pay taxes on the gains of my property when I took out the home equity loan.<p>What am I missing?
评论 #41994105 未加载
评论 #41991127 未加载
评论 #41991732 未加载
评论 #41992708 未加载
评论 #41991035 未加载
mixmastamyk7 个月前
The loophole appears to be the reduction&#x2F;elimination of taxes at death, not the common equity loan that middle class folks take advantage of as well.
评论 #41992881 未加载
mindslight7 个月前
Unless I&#x27;ve missed it, this analysis skipped over the flexibility of being able to declare which specific assets are functioning as collateral through adding new terms to loans. This would lower compliance costs further without being beholden to all the fixed rules they laid out (eg &quot;FIFO&quot;).<p>For example if you&#x27;re taking a huge loan above the thresholds, instead of just implicitly having that loan backed by everything you own, the terms can spell out which specific assets are functioning as collateral and that there is no recourse against you generally. Then only the gains on those recourse assets would be considered.<p>(Though this whole topic might be a moot point now that interest rates exist again, and if the ZIRP monster is allowed to come back then we&#x27;re screwed anyway)
ngetchell7 个月前
This sounds like a great proposal. Another consideration is to means-test the step-up basis the estate up to a certain size.<p>It would certainly be harder to comply with but both together seem like a no-brainer. These people need to pay their fair share.
tedunangst7 个月前
We already have laws for tax treatment of constructive sales of assets. Using an asset as collateral would be a logical extension of that principle. This seems more workable than unrealized gains taxes in general.
评论 #41991087 未加载
评论 #41991034 未加载
klipt7 个月前
Why don&#x27;t we just tax land (and land like monopolies - utility rights, taxi medallions, etc)?
评论 #41994441 未加载
Neonlicht7 个月前
Is it a loophole? There&#x27;s only a very small cabal of high priests who actually understand how the tax system works and uncle Sam isn&#x27;t paying as much as the billionaires and corporations. I assume it was all deliberate.
DannyBee7 个月前
Ah yes, let&#x27;s become even <i>more dependent</i> on the rich, this will fix our problems.<p>If you want to transfer their wealth, then just transfer their wealth and be done with it and declare nobody can ever be a billionaire or whatever. That&#x27;s actually at least sane.<p>Otherwise this (and many like it) is a dumb plan because it will make you more dependent on them, when<p>1. it seems nobody wants them to really exist in the first place, and we want to eliminate them - see below.<p>2. If you <i>don&#x27;t</i> eliminate them, you are becoming more and more dependent on a smaller and smaller group over time. Ignoring the totally obvious problems with this, it doesn&#x27;t work anyway. People don&#x27;t want them to have any more political or other power than anyone else, but this is totally unrealistic if the vast majority of your funding ends up depending on them. Like, good luck with that i guess?<p>It&#x27;s also unreasonable anyway, the 5% partner in a 2 person small business does not get 50% of the say. It&#x27;s only because of the amount of class warfare involved that anyone considers this position sane. If you don&#x27;t want rich people to have power, stop depending on them. This is not different than anything else in the world (if you don&#x27;t want Amazon to have power, stop depending on Amazon)<p>If you do eliminate billionaires, now your plan is basically:<p>1. Heavily tax billionaires to the point that majority of tax revenue is dependent on them<p>2. Get rid of billionaires at some point.<p>3. ????<p>Governments don&#x27;t ever save enough money to make themselves self-sustaining without tax&#x2F;etc revenue, and personally, i do not want a self-sustaining government anyway.<p>So how does this end well, exactly, except in a fairy tale?
评论 #41995009 未加载
评论 #41994835 未加载
评论 #41998679 未加载
anon2917 个月前
This is so dumb. Normal people use this too
burnt-resistor7 个月前
Also need to eliminate the immediate tax benefits of deferred donations. The Silicon Valley Community Foundation is 99.9% a tax dodge that shouldn&#x27;t exist because it does so little meaningful philanthropy compared to how much in tax advantages they launder for billionaires.
credit_guy7 个月前
Damn, I&#x27;m a billionaire and I can&#x27;t borrow now against my stock. That&#x27;s a shame. Maybe I should borrow in Ireland? Or Barbados? Just a thought.
评论 #41992563 未加载