Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Baltia Air Lines Inc (BLTA) Message Board

A man has a piece of art worth 35 million and he i

Message Board Public Reply | Private Reply | Keep | Replies (1)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 41414
Posted On: 02/07/2014 6:07:00 AM
Avatar
Posted By: The Lieutenant
A man has a piece of art worth 35 million and he is approaching the end of his life.  He has 2 kids.

He could sell the painting and pay capital gains taxes, then when he passes half of what he has left will go to each kid, and they will pay inheritance taxes, etc.  Of course, there are other possibilities.

But what he does do is this - he donates the art to a charity and takes a 35 million dollar tax write off - on the condition that the charity purchases a 35 million dollar term life insurance policy with each kid as a beneficiary.  The charity agrees....sells the painting for 35 million and pays 20 million for the life insurance policy (netting 15 million with no tax consequences).

When the man passes, each child receives 17.5 million from the life insurance policy - tax free!

Absolutely brilliant in its simplicity.....and perfectly legal. 

I tell you, I am talking to a genius.

Now, I say to you......hold on and go for the ride.  You don't have to buy, but certainly don't sell at this time.  I've always said, if you want to be rich, see what the rich people do, and then do the same.  When you are laughing all the way to the bank, you certainly don't have to be "original"............

The part that bothers me is that I was so wrapped up in doubts as to whether or not Baltia could actually make it, that I didn't think up what he has planned before he did.

I spend my entire life "thinking outside the box", and this time around I let clouds of fear block my vision.

LOL....I'll get over it as I am laughing all the way to the bank with wheelbarrels full of money.....but I just wish I had been a much bigger part of this plan.

Perfectly legal, and the intent is to make Baltia America's Newest Airline......and to make it even more profitable than any of us could have ever imagined.

An absolute genius...............

Again......all just my opinion based on a few conversations, and I by no means am in a position to give any financial advice.


(0)
(0)




Baltia Air Lines Inc (BLTA) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us