Dad buys stock at $200K.
It grows to $10M.
If he sells, he owes tax on a $9.8M gain.
So he does not sell.
If he needs cash along the way, he can borrow against it instead of selling. The loan is not taxed.
But mostly he just holds.
He dies still holding the shares.
The basis resets to $10M the day he passes.
The kids inherit at $10M.
That $9.8M gain. The income tax on it disappears.
They can sell the next day and owe almost nothing.
Last week, the U.S. Attorney for D.C. asked to interview me because of a 90-second video that President Trump didn't like.
The intimidation *is the point*. And it’s not going to work.
Watch my full response.
I am no conspiracy theorist, but it really feels like they are trying to destroy our country from within. Health care, public schools, universities, research, law firms, federal workers, the environment are all getting the axe. What was it again that it made America great? https://t.co/JpEMYLM44o
“I have one life and one chance to make it count for something… My faith demands that I do whatever I can, wherever I am, whenever I can, for as long as I can with whatever I have to try to make a difference.” ~ President Jimmy Carter
Rest in peace.
You can't make this shit up. After all their complaining and disinformation, Republican MAGA fascists in congress have rejected more relief for victims of Hurricane Helene. Under Trump, there's never been a political party in history more cruel to its own people than today's GOP.
@WallStreetSilv If I were this person I would re-search what are the highest paying school districts in the country and move there for a teaching position
Post race incident - I would not say the pass was “dirty”… hitting a crew member with your car after the race is seriously not cool. @racewithstars should look at this. Completely unacceptable. If you can’t not drive into people, you can’t be on the track.
@NASCARChicago@NASCAR#ChicagoStreetRace hey nascar Chicago. I was kicked out of an area yesterday by security that was CLEARLY shown on GA map as accessible to GA. Really disappointed. And frustrated.
2023 Tour Dates
March - Dallas, Texas
April - Fort Lauderdale, FL
May - Denver , Colorado
Plus 7 more cities
#AspireTour2023
Retweet to win a trip to one .. I’ll pick one
Right now, someone making $160,000/year pays the same amount into Social Security as someone making $16,000,000,000. That doesn’t make ANY sense. By raising the cap on payroll taxes for the wealthy, we can increase Social Security by $200/month and fund the program through 2095.