But then you get double taxed. You get taxed on the income you earn in order to pay off the loan, and you get taxed on the loan income itself. This isn’t viable without some serious nuance. There are far easier ways to snuff out “buy borrow and die”.
I agree and there should definitely be Nuance as to how loans are taxed if this ever happens and I’m sure they will I was just being expedient in my comment.
I agree and there should definitely be Nuance as to how loans are taxed if this ever happens and I’m sure they will I was just being expedient in my comment.