3 ms·
Elon Musk or another person pre-paying some of their future estate tax, don't buy the other angle.
by rKarpinski 2y ago
Elon Musk or another person pre-paying some of their future estate tax, don't buy the other angle.
- dh2022 2y agoThe author certainly makes this a plausible explanation. And yet I am thinking- if this is indeed the case, why we did not see similar payments this size more often?
- rKarpinski 2y agoTax avoidance strategies aren't exactly advertised so it could be a novel tactic; and it probably would require an absurd liquid net worth to be worth pursuing (it might even preclude Texas billionaires like Michael Dell or Christy Walton)
- morpheuskafka 2y agoSurprisingly some people are apparently advertising tax advoidance strategies, which is why the IRS has the authority to regulate "promoters" of certain schemes, such as a recently popular one where unuseful land is donated to conservation to generate a large deduction.