Discussion in 'Markets & Economies' started by mmm....shiney!, Jul 29, 2020.
As most things in life, timing is everything.
Money makes money.
Leverage loan interest is tax deductible.
If you pay $50,000 in income tax you could borrow up to $900,000 to offset your income tax for effective zero income tax
Capital loss on shares can be offset against capital gain
Leverage is taking on debt in order to amplify an expected financial outcome.
Leverage also comes in many forms, some productive and some non-productive.
Anyone that pays 50k in taxes needs better accountants.
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