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re: IRS collected a gargantuan $7 billion estate tax from a single source, nobody knows who
Posted on 4/19/24 at 9:08 pm to Salviati
Posted on 4/19/24 at 9:08 pm to Salviati
Good grief, reread what you wrote...
Why would anyone start a business or save for the future, all the while paying taxes on the earnings, just to give the rest of it to the government upon death? That's an incentive?
And let's not pretend income taxes will go down if we increase inheritance taxes. That's just a ridiculous statement with no basis in fact.
Remember income tax rates already go up the more you make.
quote:
Don't we want to incentivize people being productive?
Why would anyone start a business or save for the future, all the while paying taxes on the earnings, just to give the rest of it to the government upon death? That's an incentive?
And let's not pretend income taxes will go down if we increase inheritance taxes. That's just a ridiculous statement with no basis in fact.
Remember income tax rates already go up the more you make.
Posted on 4/19/24 at 9:14 pm to VetteGuy
You know you’re arguing with a bleeding liberal right?
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