Tax Free

Published April 14, 2024

FoxTrot comic strip by Bill Amend - "Tax Free" published April 14, 2024 - Transcript: Jason Fox: Why all the moaning and groaning? Roger Fox: Our taxes are due tomorrow. Jason Fox: I read about a cool trick that wealthy people use for theirs. Roger Fox: Oh? Jason Fox: They use their stocks and other holdings as collateral to get loans for all of their expenses. Since it's not technically income and they aren't selling anything, they don't have to pay taxe on it. So if you don't like the headache of income and capital gains taxes, just be a billionaire! Jason Fox: Have you noticed how annoyed dad gets whenever you give him brilliant ideas? Peter Fox: I think that may be a 'you' thing.