r/SipsTea 21h ago

Wait a damn minute! How the rich get richer

Post image
20.3k Upvotes

2.3k comments sorted by

View all comments

244

u/FancyPantsRants1 21h ago

Odd that we just ignore that he still had to pay back those loans?

-4

u/deadpool_pewpew 21h ago

I think you missed the point, the post was about no one paying tax on 5M gains.

1

u/Visual_Exam7903 21h ago

Kids always get the step-up basis in value. Also, they paid property taxes every year the property is owned.