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RE: Tax Sherpa Stories - Episode 1: The Time I Owed $1,000,000 to the IRS

in LeoFinance • 4 years ago

There's a lot of stuff covered here.

But what stuck to my mind was the inheritance tax example. Having to pay capital gains on the difference between the original purchasing price of a house and the price at which you sell a house you inherited is brutal.

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4 years ago in LeoFinance by
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     4 years ago  

    Yep. It puts middle class wealth right in the crosshairs.

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