Big Bend Texas
Platinum Member
- Mar 14, 2022
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So just to be clear, no matter what the facts show you're just going to keep parroting the same schtick. Correct?Cool story, but there actually IS a reason one of the richest men in the world borrows money from his companies and lives in houses those companies own.
Money that is borrowed and not paid back is treated as ordinary income which you must pay taxes on.
In order to pay those loans back so that they are not treated as income, you must from some source derive enough income to pay them off and you will of course also have to pay taxes on that income.
He apparently paid 11bn in income taxes last year, how much did you pay?