4 ms·
That's laughably twisted. Just because someone makes a ton of money in a year (i.e. from inheritance, life insurance, or something else) means absolutely nothin
by jfrunyon 5y ago
That's laughably twisted. Just because someone makes a ton of money in a year (i.e. from inheritance, life insurance, or something else) means absolutely nothing about their wealth.
- onlyrealcuzzo 5y agoInheritance NOR life insurance payouts are considered income by the IRS: https://www.irs.gov/faqs/interest-dividends-other-types-of-income/life-insurance-disability-insurance-proceeds#:~:text=Generally%2C%20life%20insurance%20proceeds%20you,report%20it%20as%20interest%20received https://www.irs.gov/faqs/interest-dividends-other-types-of-i....
- jfrunyon 5y agoUhh, inheritance definitely counts as income, but I'm not sure what income taxes have to do with what we were discussing. The supposed numbers you pointed to don't come from the IRS.