2min chapter

Planet Money cover image

My Favorite Tax Loophole

Planet Money

CHAPTER

Don't Pay Taxes on Your Stock Market Profits

Minoj: You can't sell your stocks without getting hit with taxes, but you also want to spend your profits. He says there is a way to avoid paying taxes and to spend some of your new wealth. Minoj: If I have a lot of valuable stocks, I can easily borrow money to fund my lavish lifestyle. When do I pay taxes on it? You may be never. What? You would pay tax maybe never.

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