Paul Schoe on Nostr: I saw this image passing by and one of the Toots replied with something I never ...

I saw this image passing by and one of the Toots replied with something I never realized.

This is the end game on rich people not paying taxes on stock:

'The basis for inherited stock is reset to the value on the date of death. If the heirs immediately sell, the capital gain and taxes on that gain would both be zero'

So, only inheritance tax would apply, no capital gain tax. The collateral bank loans are paid off and the rich person lived wealthy without paying taxes

https://vis.social/@infobeautiful/114111578392376876