Ben T. Charles retweetledi

Dad buys land for $100K. Today it's worth $5M. Dad doesn't sell because selling triggers huge tax bill. Dad borrows against it instead. A loan isn't income. So no tax. Dad lives off the loans for decades. Dad dies still owning the land. Kids inhert at $5M basis.
Kids sell & owe nothing to the lRS. The $4.9M gain? Gone This is exactly what wealthy
families do to avoid taxes and build generational wealth.
quote@itsmubashi
hit me with the secrets they never told you
English


































