@@victorl225 The loans eventually have to be paid. He said the assets would be sold to repay the loans at death. I don't see how the estate avoids paying capital gains taxes and regular income taxes to settle the debts.
There is alot of focus on federal income tax when it comes to high earner, millionaires and billionaires. However what people miss about this conversation is the total entirety of taxation towards the business from federal, state, county, and local... Meaning, sales tax, depreciation( states that dont have income tax) state income, payroll tax(FICA), property tax, business asset tax, fuel tax, registration etc etc. Everyday Americans are not necessarily getting taxed on those items.
You break everything down real well and simple to understand bro. I’ve watched a bunch of videos on same thing and it’s first time it all makes sense. I just subscribed 👍
Thank you for this video! Can you please do a video using this strategy with high yield dividend ETF such as :YieldMax, Defiance, Roundhill etc. ? The Yield on these covered call ETF can range from 20% to 100% or more.
When the estate sells assets to pay off the loans, won't the estate have to pay capital gains taxes? And because you essentially defaulted on the loans by dying, doesn't that also create a taxable event? What tax rates will apply to the estate when that happens?
