One of the primary mechanisms for tax avoidance is taking out loans against appreciated capital assets to avoid realizing capital gains.
What's stopping the average citizen from exploiting this tax avoidance strategy?
For example, every time I try to submit an order to sell stock that results in short-term capital gains, my broker should be asking me whether I want to take out a collateralized loan instead.
If there are loopholes in the tax system, they should be made readily accessible to all.
What's stopping the average citizen from exploiting this tax avoidance strategy?
For example, every time I try to submit an order to sell stock that results in short-term capital gains, my broker should be asking me whether I want to take out a collateralized loan instead.
If there are loopholes in the tax system, they should be made readily accessible to all.