BTC holder buys at $16K
Grows to $500K
Sells - pays 30% tax on $484K gain
Smart holder does this instead:
> Puts BTC in LLC
> Borrows against it at 3%
> Lives on the loan
> Never triggers a taxable event
> Dies holding
> Kids inherit at $500K basis
IRS gets $0
Banks get rich lending to him
He keeps everything
This is how wealth actually transfers
Grows to $500K
Sells - pays 30% tax on $484K gain
Smart holder does this instead:
> Puts BTC in LLC
> Borrows against it at 3%
> Lives on the loan
> Never triggers a taxable event
> Dies holding
> Kids inherit at $500K basis
IRS gets $0
Banks get rich lending to him
He keeps everything
This is how wealth actually transfers