I only recently found out about iPhones having 50% market share in the US and that’s insane to me. I think anyone who’s used both Android and iPhones a lot knows that iPhones are both a worse product and worse value for money, so in a fair market they would be the minority
Currently what billionaires do is never sell their assets so that they never have to pay capital gains tax (since they haven’t realised the gain), but then take out large loans using those assets as collateral and live off the loans. That allows them to enjoy the benefits of their capital gain without ever paying tax on it.
The line you quoted is saying that if you use some asset as collateral for a loan then for tax purposes that should count as realising any gains in value
Agree to disagree I guess! I used an iPhone X as my daily driver for 3 years and was overjoyed to get the Android UI back when I switched back. The iPhone visuals are more consistent but the UX is significantly worse imo. There are a few things that I reckon are mainly just Apple being stubborn and refusing to admit they were wrong - e.g. the lack of a back button