United States | News & Politics

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submitted 8 months ago by Garibaldee@lemm.ee to c/usa@midwest.social

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[–] ocassionallyaduck@lemmy.world 5 points 8 months ago

The "unrealized capital gains" distinction stopped matering the minute we could take out collateral against it.

Like, I have huge earning potential for the next 10 years, but I cannot capitalize that the way these bullshit artists can.

Literally would be better off if I incorporated myself as a LLC with 1 employee.