Sitting down with the King at 76ers Media Day ๐
LeBron James talked returning to the Eastern Conference, Year 24 and more with @ChrisBHaynes on The Association!
I'll break this down in simple terms and why Bron did this and why every rich person at that level does this:
In 2018 Bron borrowed almost $300M against his future Nike & business earnings. Doesnโt have to pay it back until 2049.
Why it works: Loan money isnโt taxed. If he sold assets or took it as income heโd lose 40-50% to taxes.
Rich people do this constantly โ borrow against their own stocks/assets instead of selling so they keep ownership and skip the tax bill.
NBA 2K27 EARLY ACCESS RELEASE TIMES ๐
Deluxe & Ultra Edition owners can start playing August 26 at 9AM PT:
๐บ๐ธ Los Angeles โ 9 AM
๐บ๐ธ New York โ 12 PM
๐ง๐ท Rio de Janeiro โ 1 PM
๐ฌ๐ง London โ 5 PM
๐ซ๐ท Paris โ 6 PM
๐ฉ๐ช Berlin โ 6 PM
๐ญ๐ฐ Hong Kong โ 12 AM (Aug 27)
๐ธ๐ฌ Singapore โ 12 AM (Aug 27)
๐ฏ๐ต Tokyo โ 1 AM (Aug 27)
๐ฆ๐บ Sydney โ 2 AM (Aug 27)