alt Hacker NewsI wonder if we should pass a law where borrowing against an asset is a taxable event.
At least it closes the loop hole where you borrow against your stock and never pay taxes on it because you never sold it.
I wonder if we should pass a law where borrowing against an asset is a taxable event.
At least it closes the loop hole where you borrow against your stock and never pay taxes on it because you never sold it.
I don’t understand this “loop hole”, who is giving loans that don’t have to be repaid? Surely the collateral will be sold eventually to repay the loan and service the interest?