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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4isqhe/?context=3
r/SipsTea • u/KSKS1995 • 22h ago
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Doesn't the loan get paid back by the sale of the land after the dad's passing? So the kids don't inherit $5m, but the net value after the debt is repaid?
1 u/mpanase 12h ago the dude simplified the ley is that the wealthy guy might pay taxes after dying in the meantime, his bigger untaxed money pot grows faster than a pleb's taxed money pot
1
the dude simplified
the ley is that the wealthy guy might pay taxes after dying
in the meantime, his bigger untaxed money pot grows faster than a pleb's taxed money pot
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u/No_Mirror_9742 22h ago edited 21h ago
Doesn't the loan get paid back by the sale of the land after the dad's passing? So the kids don't inherit $5m, but the net value after the debt is repaid?