New here?
Create an account to submit posts, participate in discussions and chat with people.
Sign up
12
HIDDEN BENEFITS in the One Big Beautiful Bill Act (OBBBA) ... (media.scored.co)
posted 11 hours ago by Shadys_Back on scored.co (+0 / -0 / +12Score on mirror )
5 comments
Permalink
Mirrored from scored.co
You are viewing a single comment's thread. View all
2
bluewhiteandred on scored.co
10 hours ago 2 points (+0 / -0 / +2Score on mirror ) 1 child
So are you saying people could just create a "foundation" to legally avoid capital gains taxes
Permalink Reply
Mirrored from scored.co
2
Shadys_Back on scored.co
8 hours ago 2 points (+0 / -0 / +2Score on mirror )
Yes, absolutely. It's perfectly legally. In fact, everyone in your family and extended family could pool their money in an account, buy stocks or other assets, and divide the proceeds however many which ways. This is how wealthy families stay wealthy -- concentrating their wealth and compounding their strength.
Permalink Reply
Mirrored from scored.co
Toast message