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		GeneralTspoon on June 8, 2021 \| parent \| context \| favorite \| on: ProPublica's tax story Potentially. But there’s also an inheritance loophole that allows them to avoid that: https://www.thebalance.com/how-the-stepped-up-basis-loophole... Even without that loophole there are probably a bunch of tricks their financial planners have to minimise taxes (e.g. using trusts/charities, various tax free allowances). Or alternatively, because they essentially get to defer taxes for as long as they like (by refinancing the loan), it means they have the full tax free amount of cash available up front to buy more wealth generating assets.

gruez on June 9, 2021 [–]

> Potentially. But there’s also an inheritance loophole that allows them to avoid that: https://www.thebalance.com/how-the-stepped-up-basis-loophole...

but you still pay the estate tax? Otherwise you get hit by the capital gains tax AND the estate tax.

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