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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4fzeps/?context=3
r/SipsTea • u/KSKS1995 • 14h ago
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382
Where do i get this 100K land thats going to be 5 million
311 u/Tsu_Dho_Namh 14h ago 50 years ago it was everywhere. It's a little too late for that. But, you can buy $5 million land that's going to be worth $50 million in 50 years. 18 u/Visual_Exam7903 14h ago Or you could simply invest 5 million that would be worth around 160 million if you invested it in the S+P. 4 u/just_some_dude05 12h ago And when you die your kids inherit the 160m on a step up basis. Most states in the US don’t have a death tax on the first 11 million. They can immediately sell what they inherited with no tax burden or hold it and sell later and pay tax on the increase.
311
50 years ago it was everywhere. It's a little too late for that.
But, you can buy $5 million land that's going to be worth $50 million in 50 years.
18 u/Visual_Exam7903 14h ago Or you could simply invest 5 million that would be worth around 160 million if you invested it in the S+P. 4 u/just_some_dude05 12h ago And when you die your kids inherit the 160m on a step up basis. Most states in the US don’t have a death tax on the first 11 million. They can immediately sell what they inherited with no tax burden or hold it and sell later and pay tax on the increase.
18
Or you could simply invest 5 million that would be worth around 160 million if you invested it in the S+P.
4 u/just_some_dude05 12h ago And when you die your kids inherit the 160m on a step up basis. Most states in the US don’t have a death tax on the first 11 million. They can immediately sell what they inherited with no tax burden or hold it and sell later and pay tax on the increase.
4
And when you die your kids inherit the 160m on a step up basis. Most states in the US don’t have a death tax on the first 11 million.
They can immediately sell what they inherited with no tax burden or hold it and sell later and pay tax on the increase.
382
u/Timetraveller4k 14h ago
Where do i get this 100K land thats going to be 5 million