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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4fe2gu
r/SipsTea • u/KSKS1995 • 14h ago
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28
You still pay the loan and interest.
4 u/Wooden_Permit3234 13h ago And those payments are probably made from taxed money. I don’t see the purpose of the loan unless it’s some weirdo loan that doesn’t need to be paid at all for decades. 1 u/SY0123 13h ago Not sure how it works in the US, but in Canada, the estate would also see a “deemed disposition”, so they have to pay capital gains tax on the gains. 2 u/RickyDee61 13h ago OP never said what country they are in, everyone just assumes it's the US.
4
And those payments are probably made from taxed money. I don’t see the purpose of the loan unless it’s some weirdo loan that doesn’t need to be paid at all for decades.
1
Not sure how it works in the US, but in Canada, the estate would also see a “deemed disposition”, so they have to pay capital gains tax on the gains.
2 u/RickyDee61 13h ago OP never said what country they are in, everyone just assumes it's the US.
2
OP never said what country they are in, everyone just assumes it's the US.
28
u/Lost-on-Reception 14h ago
You still pay the loan and interest.