GEOTUS had to leave politics to get back on the list. Yeah, I know he didn’t really leave, but he actually lost net worth while in office. Probably the first to have that happen.
Okay, I'm apparently not seeing what you're seeing. I don't think it means someone rich gave a gift to the Treasury. I think it means someone rich gave a very large gift to someone (relative, friend, etc.) and thus had to pay taxes on this gift. This is a way to prevent someone from giving money to someone else with the intention of avoiding/lowering their own taxes.
Actually, it's $7B in taxes owed.
I say that whoever died must have died some time ago. It would have taken a very long time to settle an estate of someone with that much money.
Here's a list of the top 400 from Forbes to get you started:
https://www.forbes.com/forbes-400/
Place your bets.
GEOTUS had to leave politics to get back on the list. Yeah, I know he didn’t really leave, but he actually lost net worth while in office. Probably the first to have that happen.
How do you know for sure it's taxes owed? The article suggests it could have been a gift, and that seems odd.
I was going by the title: US Treasure reveals it received a $7B tax payment (in estate and gift taxes).
If you give someone a gift over a certain amount of money, you have to pay taxes on it.
The article implies that it could have been a gift to the TREASURY. Have you ever heard of such a thing?
Okay, I'm apparently not seeing what you're seeing. I don't think it means someone rich gave a gift to the Treasury. I think it means someone rich gave a very large gift to someone (relative, friend, etc.) and thus had to pay taxes on this gift. This is a way to prevent someone from giving money to someone else with the intention of avoiding/lowering their own taxes.