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Cold Cous Cous
LSU Fan
Member since Oct 2003
14116 posts

re: Burial insurance/plot

quote:

The only problem is that often that money has already been taxed.

So what? When I pay sales tax, I pay using money that's been subject to income tax. And whatever I buy may have been subject to an income tax/tariff on importation. And the retailer will have to pay tax on that money if it turns a profit. And the retailer's shareholders will have to pay taxes on any distribution from those profits.

I don't know why this "already been taxed" argument has gained so much traction with respect to the estate tax specifically, when it literally applies to every single tax on the planet.

It also oddly treats money like it isn't fungible, like there's something unique about a particular dollar where, once that dollar is taxed, it should not be subject to tax again. But the government doesn't tax dollars, it taxes transactions. And inheritance is, in its way, a transaction.


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
59129 posts

re: Burial insurance/plot
My hate is self serving. If I have to fork over 40% of my clients assets to the government, I'm pissed.

And it rarely happens. I know the right estate attorneys.


VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
13795 posts

re: Burial insurance/plot
I happen to agree with you. Passing along money to heirs that has already been taxed should be a tax free transaction IMO.


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
59129 posts

re: Burial insurance/plot
It's a money grab from the rich imo


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TrueTiger
North Texas Fan
Chicken's most valuable
Member since Sep 2004
15318 posts
Online

re: Burial insurance/plot
quote:

Yep when you occupy the plot you no longer pay taxes


This reminds me of a client I had whose SO died.
Bill collectors started calling her so she told them he moved
and gave them the address of the cemetery.

True story.


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