loan and income tax question

[Unabridged]

not specifically about poker, but could be related.

what if instead of getting paid a salary of $100k, your company just gave you a $100k loan each year? or if instead of someone giving you a gift of $1 million, they give you a million dollar loan? it would be at the current interest rate(the irs recently said that for any loans at below market rate, the difference between the interest paid and the interest owed at the market rate is considered income for the borrower), but the minimum monthly payment would be $1 and you would have no time limit to pay it back(uncallable) and no ceiling on your credit limit. could this be counted as taxable income?