$7 Million In Gold Bars Found In Dead Man's Home

I agree. Unless he had outstanding debt what the heck is the government's cut from?
I would assume there are tax rates on gold investments, and who knows if he paid them

Actually there are no tax rates if you are a collector of gold, as it is basically seen as a hobby. When you start cashing out, there may be tax rates. However, this man never cashed out his property.

It's unfortunate that basically his life's work is going to goto waste like that. Or atleast half of it will goto the IRS, etc.
 
Further proof that NTers are actually very awful people.
700
 
why can da IRS allowed to mess with his gold stash? -_-

Inheritance Tax.....You can only pass on 2M to your heirs tax free, anything above that they are taking HALF of......This is why older people with money have estate planning lawyers to work around this and plan for the future....
 
Inheritance Tax.....You can only pass on 2M to your heirs tax free, anything above that they are taking HALF of......This is why older people with money have estate planning lawyers to work around this and plan for the future....

If this is true I did not know that. If only he could've planned this out.
 
Back
Top Bottom