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#294 | Tim Hosler; Healthcare, USD vs Cryptocurrency & Improving Broken Systems

The Vance Crowe Podcast

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Would the Federal Government Lose Money or Make Money on That?

When I pass away, my heirs get them without paying a state tax because I don't have enough wealth to be above the threshold and they get to step up the basis. And guess what? Bill Gates is social security. Most of the social security he takes goes back to the federal government that you can 85% of your social security can be taxed. But it's not 100% tax rate, right? So even if Bill Gates is up in the 40 percentage in terms of taxes he pays, 85% of his social security is taxed at 40%.

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