Bill Ackman Proposes Taxing Some Borrowing Against Assets

A 2023 policy argument about stock and real-estate borrowing.

BABill AckmanGast
Kanal
20VC with Harry Stebbings
Veröffentlicht
6. Apr. 2023
Video
0:29
Lesezeit
1 Min.
Original
Englisch
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ZUSAMMENFASSUNG

In 30 Sekunden

Ackman proposes a tax treatment for certain borrowing proceeds; the clip does not establish current tax law.

  1. 1ProposalAckman proposes a tax treatment.
  2. 2StockHe offers a hypothetical loan example.
  3. 3Real estateHe compares refinancing proceeds.

Das Wichtigste

  1. This is a policy proposal.
  2. He uses stock and property examples.
  3. The clip is not a statement of current law.
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01

Borrowing against stock

In a 2023 discussion, investor Bill Ackman proposes taxing certain proceeds from borrowing against appreciated assets.

In a 2023 discussion, investor Bill Ackman proposes taxing certain proceeds from borrowing against appreciated assets.

He uses a hypothetical loan against stock to argue that extracting value beyond the original investment can resemble a sale. This is his policy proposal, not a statement of current law or a finding about an individual’s taxes.

02

Real-estate example

Ackman also offers a commercial real-estate refinancing example and says he would treat certain proceeds as taxable.

Ackman also offers a commercial real-estate refinancing example and says he would treat certain proceeds as taxable.

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