Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
IRS: Nearly 1,500 millionaires paid no federal income tax in 2009
#46
I appreciate the link but it still deals with generalities. See if you can duplicate this in your life. How does using a line of credit lead to paying no taxes?

Developers such as McCourt, according to a declaration in his divorce proceeding, "typically fund their lifestyle through lines of credit and loan proceeds secured by their assets while paying little or no personal income taxes."
Reply


Messages In This Thread
Re: IRS: Nearly 1,500 millionaires paid no federal income tax in 2009 - by Dakota - 08-10-2011, 02:54 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)