Let me be REAL for a minute: You cannot work full time, stay in great shape, be an amazing spouse, be a great parent, keep up with every friend, build a business, invest, grow your wealth, travel, read, have hobbies, keep the house together, answer every text, eat perfectly, sleep 8 hours a night and somehow be fully present for ALL OF IT. That’s complete bullshit.
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
Dallas Mavericks and Klay Thompson are finalizing a buyout, and he is looking to sign with the 76ers once he clears waivers, giving Philadelphia another major addition ahead of the new season.
Tax expert says parents can write off $15,750 by putting their own kids on payroll
"Put them on payroll, you can pay your child up to $15,750 without your child needing to file a tax return"
"That’s a $15,750 deduction"
"Then from the $15,750, you can take $6,000 and stuff it into the Roth IRA, and that money is growing tax free"
“We have a SERIOUS problem right now, and that game last night highlighted it. We have a LOT of flopping going on… A LOT of no-calls. The refs gotta have some type of accountability. Fans are starting to think it’s RIGGED”
- Kendrick Perkins