Burial insurance/plot | Page 2 | TigerDroppings.com

Posted byMessage
Cold Cous Cous
LSU Fan
Obvious and pointed jeering
Member since Oct 2003
13727 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.






Back to top
Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts
 Online 

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.






Back to top
VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
11367 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.





Back to top
Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts
 Online 

re: Burial insurance/plot


It's a money grab from the rich imo





Back to top
  Replies (0)
TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
10671 posts

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.






Back to top
  Replies (0)


Back to top