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Started By
Message
re: IRS collected a gargantuan $7 billion estate tax from a single source, nobody knows who
Posted on 4/18/24 at 5:43 pm to HoustonChick86
Posted on 4/18/24 at 5:43 pm to HoustonChick86
quote:
Right, someone that rich would have it set up correctly.
Not necessarily. Some wealthy West Texas old maid with no heirs that dngaf about money is my guess.
0
Posted on 4/18/24 at 5:47 pm to rintintin
quote:It is absolutely criminal.
It's sickening knowing they can take this much.
Posted on 4/18/24 at 5:48 pm to SlowFlowPro
quote:
I actually had a guess as to what this is about, then looked up the estimated estate at death of my guess and I was wrong.
Uh, thanks for sharing.
Posted on 4/18/24 at 5:49 pm to supadave3
That was a very oweo type post 
Posted on 4/18/24 at 5:52 pm to HailHailtoMichigan!
quote:
IRS collected a gargantuan $7 billion estate tax from a single source
Complete and total theft, and it cannot be described in any other way.
Posted on 4/18/24 at 6:40 pm to HailHailtoMichigan!
I came here to say someone did a poor job of estate planning to let Uncle Sam take that much wealth from future generations.
Hypothetically, how much of that “wealth” could have been saved by trusts and other tax avoidance schemes?
Hypothetically, how much of that “wealth” could have been saved by trusts and other tax avoidance schemes?
Posted on 4/18/24 at 6:53 pm to HailHailtoMichigan!
Absolute theft.
Posted on 4/18/24 at 7:10 pm to Obtuse1
quote:what I was thinking
Somebody had horrible estate planning
Posted on 4/18/24 at 7:31 pm to HailHailtoMichigan!
And sent straight to the Ukraine…..
Posted on 4/18/24 at 7:56 pm to HailHailtoMichigan!
Estate taxes are the least American thing ever. Absolute theft.
I pay income taxes my whole life (stealing my labor), buy stuff and pay sales tax, own stufff and pay property tax (stealing ownership rights), and I pay license taxes for everything I do, and then if my stuff grows in value- capital gains tax, and then after all that these sumbitches make my estate pay taxes on my taxed to hell money after I’m dead???!!!
I pay income taxes my whole life (stealing my labor), buy stuff and pay sales tax, own stufff and pay property tax (stealing ownership rights), and I pay license taxes for everything I do, and then if my stuff grows in value- capital gains tax, and then after all that these sumbitches make my estate pay taxes on my taxed to hell money after I’m dead???!!!
Posted on 4/18/24 at 8:05 pm to HailHailtoMichigan!
Mitch McConnell’s sister in law that drowned in the Tesla?
Posted on 4/18/24 at 8:36 pm to deltaland
quote:
You could win one of those billion dollar powerballs and invest 500 mil at a 10% annual return and in 30 years be worth 2 billion if you don’t blow money. I imagine a lot of oil families in Texas and Oklahoma made hundreds of millions and invested it to be worth way more than we realize. You don’t realize how much money that is. It blows my mind how people like Gates and Musk manage their wealth because it can grow so exponentially at that level even with the most conservative investments
That’d be closer to 9 billion.
Posted on 4/18/24 at 8:38 pm to HailHailtoMichigan!
This could be a gift tax from someone who knows their net worth is about to explode.
Posted on 4/18/24 at 8:45 pm to HailHailtoMichigan!
It was likely a lifetime gift
This post was edited on 4/18/24 at 9:02 pm
Posted on 4/18/24 at 8:45 pm to Penrod
Well, you're wrong.
Effin' taxes have already been paid on those earnings.
Eff Warren and Mark, too.
Effin' taxes have already been paid on those earnings.
Eff Warren and Mark, too.
Posted on 4/18/24 at 9:01 pm to Quatre Pot
quote:
I pay income taxes my whole life (stealing my labor), buy stuff and pay sales tax, own stufff and pay property tax (stealing ownership rights), and I pay license taxes for everything I do, and then if my stuff grows in value- capital gains tax, and then after all that these sumbitches make my estate pay taxes on my taxed to hell money after I’m dead???!!!
You’re right, them sumbitches shouldnt fund the USDA to inspect our meat, or build interstates for us to drive on, or provide military protection for our country .. they should let you keep 100% of your “hard earned money”.. meanwhile , i can just about guarantee that i work harder than you and am in a higher tax bracket than you.. and i understand why i need to pay taxes to live in a society…. Jesus Christ, some of you people ……..
Posted on 4/18/24 at 9:25 pm to BK Lounge
quote:
You’re right, them sumbitches shouldnt fund the USDA to inspect our meat, or build interstates for us to drive on, or provide military protection for our country .. they should let you keep 100% of your “hard earned money”.. meanwhile , i can just about guarantee that i work harder than you and am in a higher tax bracket than you.. and i understand why i need to pay taxes to live in a society…. Jesus Christ, some of you people ……..
Right, taxes are never wasted by the billions on bullshite govt garbage.
Idiot.
Posted on 4/18/24 at 10:09 pm to HailHailtoMichigan!
So many of y'all talking about how estate tax is bullshite when not one of y'all will have an estate that will meet the threshold to pay it (everything over 13+ mil this year, reverts back to pre TCJA levels after 2025 at 7ish million)
I mean damn, you don't have to simp for billionaires that hard
I mean damn, you don't have to simp for billionaires that hard
This post was edited on 4/18/24 at 10:13 pm
Posted on 4/18/24 at 10:14 pm to Tarps99
All of it. There is zero reason to ever have to pay an estate tax. Could have been 0.
This post was edited on 4/18/24 at 10:15 pm
Posted on 4/18/24 at 10:21 pm to BK Lounge
quote:
and i understand why i need to pay taxes to live in a society
So there are no unfair taxes? No punitive taxes? No duplicative taxes? No excessive taxes?
One can agree with taxes, but disagree with the current tax structure.
Your post was moronic.
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