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#32
02-22-2012, 11:07 PM
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A billionaire doesn't need to put his money in tax free bonds and then loan himself money. You don't pay taxes on money already earned, you pay it on money earned. As such, they can stick their money in investments and take the capital gains tax rate of 15% (which, hilariously enough, is way lower than my tax rate as a 23 year old chemical engineer).
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