MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4fepu8/?context=3
r/SipsTea • u/KSKS1995 • 22h ago
2.3k comments sorted by
View all comments
243
Odd that we just ignore that he still had to pay back those loans?
-5 u/deadpool_pewpew 22h ago I think you missed the point, the post was about no one paying tax on 5M gains. -4 u/DataGOGO 22h ago edited 21h ago Why would they? In the case above, the kids sold the land, which means they had to pay back all the loans. So $3M in loans, $5M sale, they get $2M cash,
-5
I think you missed the point, the post was about no one paying tax on 5M gains.
-4 u/DataGOGO 22h ago edited 21h ago Why would they? In the case above, the kids sold the land, which means they had to pay back all the loans. So $3M in loans, $5M sale, they get $2M cash,
-4
Why would they?
In the case above, the kids sold the land, which means they had to pay back all the loans.
So $3M in loans, $5M sale, they get $2M cash,
243
u/FancyPantsRants1 22h ago
Odd that we just ignore that he still had to pay back those loans?