BREAKING:
On September 1st, incoming Apple CEO John Ternus will preinstall Grindr on every Apple device to mark Tim Cook’s departure from the CEO role.
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