Track_Shovel to 196@lemmy.blahaj.zoneEnglish • 1 month agoDeath and taxes ruleslrpnk.netimagemessage-square53fedilinkarrow-up11.14Karrow-down128
arrow-up11.12Karrow-down1imageDeath and taxes ruleslrpnk.netTrack_Shovel to 196@lemmy.blahaj.zoneEnglish • 1 month agomessage-square53fedilink
minus-square@kautau@lemmy.worldlinkfedilink12•1 month agoYup, you’d be far better off doing doing the “buy, borrow, die” strategy and never paying taxes like other rich people https://www.dcfpi.org/all/how-wealthy-households-use-a-buy-borrow-die-strategy-to-avoid-taxes-on-their-growing-fortunes/
minus-square@booly@sh.itjust.workslinkfedilink3•1 month agoThat wouldn’t work to reduce lottery taxes. The lottery itself isn’t return on investment in stocks or whatever, and can’t be held indefinitely the way an appreciating stock can.
minus-square@kautau@lemmy.worldlinkfedilink2•1 month agoYeah I was referring to specifically taking a lump sum and what to do with it as opposed to taking the payment plan
Yup, you’d be far better off doing doing the “buy, borrow, die” strategy and never paying taxes like other rich people
https://www.dcfpi.org/all/how-wealthy-households-use-a-buy-borrow-die-strategy-to-avoid-taxes-on-their-growing-fortunes/
That wouldn’t work to reduce lottery taxes. The lottery itself isn’t return on investment in stocks or whatever, and can’t be held indefinitely the way an appreciating stock can.
Yeah I was referring to specifically taking a lump sum and what to do with it as opposed to taking the payment plan