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Just in case anyone wants to know how this works. He is *technically* telling the truth, but this is how the ultra wealthy avoid taxes. Their assets are worth such massive amounts that they are a next-to-zero risk loan. So they borrow hundreds of millions, which are non-taxable as loans, with their assets as collateral at next to no interest. Their assets appreciate faster than the interest rate of the loan, so it's an infinite non-taxable income loop. The bill doesn't come due until inheritance tax, but the next gen can just do the same thing.
yoxic@yoxics
MrBeast reveals he has less than $1,000,000 to his name despite being a Billionaire on paper "I have negative money right now, I'm borrowing money that's how little money I have. Technically everyone watching this video has more money than me in their bank account"
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type of shit the nba need not all these nonchalant niggas wearing chromehearts
Bleacher Report@BleacherReport
THE MOMENT WEMBY REALIZED HE'S GOING TO THE NBA FINALS 🔥
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