What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
1–10 of 39 posts
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#2> $391,232,000 goes to the IRS.
Insane! On the one hand this mistake is a rare case of the rich paying a lot of tax. But very odd not to have tried to avoid this by (whatever rich people do)
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#3> $391,232,000 goes to the IRS. Insane! On the one hand this mistake is a rare case of the rich paying a lot of tax. But very odd not to have tried to avoid this by (whatever rich people do)
I think we underestimate just how much the hyper rich pay in taxes overall.
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#4> He gave people money to quit at the end of employee orientation if they didn’t believe they would be a bad fit
It's sad that I wasn't 100% immediately sure this was a typo, but I'm pretty sure it is.
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#5[flagged]
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#6> $391,232,000 goes to the IRS. Insane! On the one hand this mistake is a rare case of the rich paying a lot of tax. But very odd not to have tried to avoid this by (whatever rich people do)
I think we underestimate just how much the hyper rich pay in taxes overall.
It depends. If you donate enough of your unrealized capital gains, you can cancel out all of your tax owing on what you do cashout and get your name behind whatever causes you want (as long as it counts as charity or politics).
At least that's how it can work out in Canada.
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#7Earlier quoted context omitted.
I think we underestimate just how much the hyper rich pay in taxes overall.
It depends. If you donate enough of your unrealized capital gains, you can cancel out all of your tax owing on what you do cashout and get your name behind whatever causes you want (as long as it counts as charity or politics). At least that's how it can work out in Canada.
Wow that really incentivises pro-wealthy-folks lobbying!
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#8[flagged]
Tony was wealthy but had substantial mental health challenges. It is not entirely unexpected his estate would be in limbo or exposed to suboptimal tax treatment due to no estate planning.
https://news.ycombinator.com/item?id=25235490
https://news.ycombinator.com/item?id=25326510
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#9[deleted]
Re: What Happens When Tony Hsieh Dies with $1B, with No Estate Planning
#10Earlier quoted context omitted.
I think we underestimate just how much the hyper rich pay in taxes overall.
It depends. If you donate enough of your unrealized capital gains, you can cancel out all of your tax owing on what you do cashout and get your name behind whatever causes you want (as long as it counts as charity or politics). At least that's how it can work out in Canada.
The donations to charitable foundations route is ripe with loopholes that make it attractive ... the charitable foundation can be one that yourself (and a few others who share a tax lawyer) control, an astonishing low proportion of "donated money" can actually flow to the claimed charitable end, and a remarkable percentage of that money can indirectly benefit the people who donate.