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<blockquote data-quote="Up In Smoke" data-source="post: 5868033" data-attributes="member: 79702"><p>He did take his Presidential pay, but donated the pre-tax amount to government programs. I'm pretty sure, like other rich people, he doesn't receive an "income" from businesses. He most likely borrows against his assets and repays the loan and interest with next years loans. As long as the assets grow in proportion to the loans, everything flows and taxes are minimal as capital gains taxes are offset by interest deductions.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5868033, member: 79702"] He did take his Presidential pay, but donated the pre-tax amount to government programs. I'm pretty sure, like other rich people, he doesn't receive an "income" from businesses. He most likely borrows against his assets and repays the loan and interest with next years loans. As long as the assets grow in proportion to the loans, everything flows and taxes are minimal as capital gains taxes are offset by interest deductions. [/QUOTE]
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