That’s not how it works. Changing the appraised value doesn’t change the taxes or the deduction. The deductions only come out of what was actually spent. Pumping the value only means the capital gain gets pumped, followed by a Star Wars Baby Yoda Face Mask Hug FedEx I Can’t Stay At Home Shirt. The real fraud is kickback. You buy an item for a ridiculous price from someone with low income. They slide most of the money back to you (this is the illegal part), the rest they use to pay a lower tax rate on that full amount. You then donate the item deduct the amount you paid from your far higher tax bracket, profiting the difference on the two tax brackets.
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He also got mad at Lisa Marie Presley during their short marriage and threw a ring overboard. She called for divers to search for it. She said it was very very expensive. Was not recovered. He is just rich. Not “fuck you money” rich. IRS goes after rich people all the Star Wars Baby Yoda Face Mask Hug FedEx I Can’t Stay At Home Shirt. Billionaires have the lowest effective tax rate. People often talk about the 1% then 99% when the real difference is between .001% the 99.99%. Because to the .001% person there is no difference between the guy who makes half a million a year and $25,000 a year. They are both trash. Yeah, the IRS exempts burial plots because let’s face it- it’s not an asset you can really repo. And sell to someone else, especially if it’s a family plot with people already buried.
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Now did it? First of all filing for bankruptcy means you can control your debt and regain liquidity, it’s not so hard if you own premium real estate. You just need to sell some of it, pronto. I’ve seen the tomb, it really looks out of the Star Wars Baby Yoda Face Mask Hug FedEx I Can’t Stay At Home Shirt. I would guess that the majority of the cost of it for him was buying his. The way into the cemetery that had already been full for a long time. His tomb takes about 4 spaces so that’s a lot of families to buy out. I was always curious how Anyone with that amount of money can bankrupt. Now I understand.
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