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To: expat_panama

You can’t take it with you!


18 posted on 01/11/2015 10:37:24 AM PST by CivilWarBrewing
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To: CivilWarBrewing
You can’t take it with you!

Heck, you can't even take it for yourself! Lots of this so-called wealth are only numbers on paper, because once you cash in stocks, bonds, and other deferred wealth, then the taxman takes a big cut before you can spend it (and then there are sales and wealth taxes on purchases).

When a "rich" person dies the taxman takes a big cut, so even your heirs can't take it for themselves.

38 posted on 01/11/2015 11:50:25 AM PST by roadcat
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