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General Discussion

LakeVermilion

(1,047 posts)

2. How long can they delay paying the financial institution?

Reply to Buttoneer (Original post)

Sat Apr 20, 2024, 02:19 PM

Apr 20

Obviously, they can't borrow forever.

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22 replies

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Highlight:

How the Rich Pay No Taxes Diagram [View all] Buttoneer Apr 20 OP

And the ever increasing edhopper Apr 20 #1

How long can they delay paying the financial institution? LakeVermilion Apr 20 #2

At 0% interest, no doubt. Igel Apr 20 #4

debt consolidation programme? Celerity Apr 21 #13

Actually, they kind of CAN dfelay it forever... almost Happy Hoosier Apr 22 #18

All the congress had to do is put a 10 percent jimfields33 Apr 20 #3

But a percentage of what? Happy Hoosier Apr 22 #19

Not quite accurate Bucky Apr 20 #5

The top rate is expected to revert to 39.6% EOY WarGamer Apr 20 #9

A CEO would usually get normal cash income as well and that is taxed. BSdetect Apr 20 #6

When you say "What they spend the borrowed money on is tax deductible (for the interest that is)" muriel_volestrangler Apr 20 #7

Yes, that interest is deductible. BSdetect Apr 21 #11

Which seems to be amazing, from the UK muriel_volestrangler Apr 22 #14

They buy property which can be be depreciated (Trump loves this) Happy Hoosier Apr 22 #20

All true... but somehow it never changes. WarGamer Apr 20 #8

Government gives money to his company Johonny Apr 20 #10

If the argument is that we have should have a wealth tax, You've got a long haul..... brooklynite Apr 21 #12

A wealth tax is handled differently all over Europe DFW Apr 22 #15

wealth taxes are somewhat farught, but.... Happy Hoosier Apr 22 #21

Slick s.o.b.s oasis Apr 22 #16

There needs to be a massive public education campaign Mysterian Apr 22 #17

And don't forget the expenses half of it all Johnny2X2X Apr 22 #22

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