Klay - โHey if you wanna be my wife you gotta stop rappin about smashin 1000 ninjas and shaking assโ
Meg - โI have anxiety! Ahhhhh ๐ โ
๐ตโ๐ซ๐ญ๐
Dad buys stock at $100K
It grows to $6M
If he sells, he owes tax on an $5.9M gain.
Instead, he puts it in a trust.
Borrows against it.
Borrowing is not income. So no tax.
He lives on loans. Never sells.
He dies holding the asset.
Kids inherit $6M
IRS gets $0
Classic Mike Tomlin.
โHear MeโฆItโs not what you are capable of; itโs what you are willing to do. Plenty of people are capable. Fewer people are willing.โ
The ultimate truth in sports.
No Deposit - No Return