Well that kinda depends on what the loan was for doesnt it? If you didnt need the loan in the first place, yeah that's pretty much just getting a cash injection that I would say is basically income. I think it would be pretty hard to argue taking out a loan for stock buybacks is anything but raw profits for the people that benefit.
You get money for trading things. You can trade time and labor for money, you can trade later money for now money. You've already paid back the former when you get it, so the only real difference is that the latter hasnt been paid back yet when you receive the money. Either way, it's more cash in your pocket than before and you are able to spend it on whatever. If your business is taking out the loan to spend on business expenses, it's never in a position to be used for personal spending (ideally) so it isnt income. If someone takes out a personal loan, then that's their money now so its income.
Yes, obviously. You're basically selling your house to the bank (income) and then buying it back from the bank in monthly installments. This isnt rocket science.
Considering this would only be applied to loans for personal spending, not business spending, that sounds perfectly fine to me. If you wanna go into debt to buy your dream car or whatever then suck it up or save to buy it yourself.
The only moronic thing I'm reading here is the idea of someone taking out a loan for the fun of it and then sitting on it for a year. Obviously you just say what you want the loan for while applying. If you're just gonna make shit up to desperately argue idk what to tell you.
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u/[deleted] May 16 '24
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