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So it makes me wonder if he paid income taxes on that money. My guess would be no. I would guess the situation is similar for all those born with money. This
by farinasa 13y ago
So it makes me wonder if he paid income taxes on that money. My guess would be no. I would guess the situation is similar for all those born with money. This makes this advantage doubly unfair.
- rayiner 13y agoGifts aren't taxed until a lifetime limit of $5 million is exceeded, after which anything above $13k/year is excluded.