Subject: Re: Biden's billionaire tax rate fact checked
BBD strategies involve taking out loans against the unrealized gains they have from other assets. If you have a stock that in a hot market is rising 5-6% then you're better off keeping it (and thus not paying capital gains on it) and taking out a loan at an interest rate less than that. = Dope

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It's not just the uber-wealthy either. Average Joe homeowners sometimes employ a very similar strategy when they hold on to a low interest fixed mortgage even though they have investments that could pay it off but don't because the investment return exceeds the mortgage interest rate.