You mean kind of like welfare fraud.
..Where taxpayers spend an enormous amount of money on welfare. But a lot of people with only a greencard with no verifiable income in the US, but filthy rich overseas in because they are retired doctors or lawyers either money tucked away in foreign accounts where there is no collaboration with the US government can continue to get medcaid, low income housing, and SNAP benefits while people who lived here all their life in the US, paid taxes until bad luck hit them, can’t even qualify for federal housing assistance or have to wait years for it? Of better yet.. all the small box retailers that shut off their cash registers half day and give you a huge discount if you pay cash….
Please…. You guys need to get off the internet and get a life.
and this is a theoretical conjecture in which could change for various reasons…simply as if the stock market tanks… after all, if the market tanks. it makes no sense to do this since you can’t write off your losses..
Plus 529k plans are extremely stringent…you are restricted pretty much to long term index funds. None of this will work for the majority of you doomsayers posting here still hoping for that one big crash and/or that are shorting the markets thinking the end of the world is coming…. for how many years now? I mean the concept of drip index fund investing escapes you types anyway.
plus no one takes what people say on the interest seriously. people can changr their mind all the time ..There I just did…. I decided not to do it and not to expect gift because I don’t trust my in laws because they are far left socialist progressives who can’t manage their money. Then again I changed my mind again.. I can’t identify my beneficiary because everyone is now gender fluid while as the beneficiary clearly asks for male or female..Oh I changed my mind again…maybe…oh wait no….damn progressives… can’t even fill out a damn beneficiary form where a question like “sex” or “gender” is now 20+ choices…
Oh wait, holy shit… I am acting like Donald trump….I shouldn’t because not like he does anything questionable with his taxes… oh wait….lol…
Besides none of this matter if this adminstration lowers capital gains taxes.
