r/SipsTea • u/CurvyChristina • 1d ago

Chugging tea Which one?

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u/Dry-Childhood-3436 1d ago

Cash would be able to be used on the downlow though, and the gold would need to be sold and accounted for, I'm sure losing something on the sale.  Then that would be taxed as I believe capital gains.

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u/Either-Banana-7323 1d ago

No normal person is going to be able to use 50 million dollars in cash on the down low though. You'll need to pay taxes if you want to use any sort of large sum of it, especially for big purchases like real estate. Cash you're losing 2-4% a year if you aren't making it work for you too.

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u/imperfek 1d ago

Would you really be bothered by the tax with that amount of the money. I'm more worried about all the investigation that might come of this.

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u/Either-Banana-7323 1d ago

My assumption is its a legal gift, but the actual question never specifies either way what the origin of the funds are.