Former President Donald Trump must come up with the full bond amount to cover the $454 million verdict in the civil fraud trial, an appeals court judge ruled Wednesday.

The judge, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to obtain the necessary funds

  • cogman@lemmy.world
    12·
    9 months ago

    I’ll take it one step further, most rich people pay for big bills with debt whenever possible. That’s because debt doesn’t incur tax events. It’s better to take out a 10 year loan for 1 billion dollars and pay it off by slowly selling of equity then it is to sell 1 billion in equity + the extra you’ll need to pay off the tax man.