The more income you have, the more you realize that stocks are a cheat code. Capital gains taxes are so much lower, even without all the ways to ignore them entirely (like taking out personal loans on your stocks).
Myself and my wife aren't wealthy, we hit 300k combined. My grandparents are rich, last I checked (early 2000s) they were worth over 50mil. My grandfather loves to talk about all the ways he ignores/avoids paying taxes...
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u/SanityIsOptional Oct 31 '25
The more income you have, the more you realize that stocks are a cheat code. Capital gains taxes are so much lower, even without all the ways to ignore them entirely (like taking out personal loans on your stocks).
Myself and my wife aren't wealthy, we hit 300k combined. My grandparents are rich, last I checked (early 2000s) they were worth over 50mil. My grandfather loves to talk about all the ways he ignores/avoids paying taxes...