No taxes, the taxes are being taken at the estate level, therefor my dad doesn't have to pay personal taxes on it.... so his $500,000 = $500,000 https://www.nopistons.com/forums/pub...#>/biggrin.png
About the only good ******* news I have had all month. |
Wow, that's good news! https://www.nopistons.com/forums/pub...IR#>/bigok.gif
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glad you caught a break man
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Yea the only thing he's gonna get taxed on is his retirement payout, but **** that's only $112,000 nothing compared to the inheritance. In 5 years they are going to completely do away with inheritence tax, no estate, no income... nuttin. In this case there will be $600,000 paid in estate tax, but that will come out before the payout is made.
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thats a relief!
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so that will net him quite a few more lap dances huh..!! woowoo
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I would say that was great news! one less thorn...
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https://www.nopistons.com/forums/pub...DIR#>/ohmy.png think of the mods you could do with that kind of money.... watchout Jesus Padilla, phin's coming for you in his own 13B NA and punk you down with a 9.0 flat
say.. does your dad have a few grand to toss around? i wouldnt mind having a FD... or a TII for that matter... i'll pay him back after i graduate college in a few years https://www.nopistons.com/forums/pub...#>/biggrin.png -Adam |
I don't think he's tossing **** around, I think he's gonna buy his house in cash and bank the rest, however he is giving some thought to buying some land and tossing spec homes on the lots and flipping them.
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Originally Posted by 75 Repu' date='Jun 21 2004, 08:12 PM
so that will net him quite a few more lap dances huh..!! woowoo
FOUR WHEEL BURNOUTS! https://www.nopistons.com/forums/pub...#>/BURNOUT.gif https://www.nopistons.com/forums/pub...#>/BURNOUT.gif https://www.nopistons.com/forums/pub...#>/BURNOUT.gif https://www.nopistons.com/forums/pub...#>/BURNOUT.gif |
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