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re: USSC rules that government cannot make a profit from seized property.

Posted on 5/26/23 at 9:36 am to
Posted by roadkill
East Coast, FL
Member since Oct 2008
1847 posts
Posted on 5/26/23 at 9:36 am to
quote:

She was a deadbeat taxpayer


She's 94 years-old - almost certainly on a fixed income - hard to understand how communities can donate hundreds of thousands of dollars to go-fund-me for all kinds of stuff but no one stepped forward for this - there's never enough money to satisfy the government. Pure theft.
Posted by HubbaBubba
F_uck Joe Biden, TX
Member since Oct 2010
45854 posts
Posted on 5/26/23 at 10:08 am to
quote:

She's 94 years-old - almost certainly on a fixed income - hard to understand how communities can donate hundreds of thousands of dollars to go-fund-me for all kinds of stuff but no one stepped forward for this - there's never enough money to satisfy the government. Pure theft.
In Texas, after age 65 you can opt to not pay property taxes, and they'll take it out of the estate when you pass away.

Of course, they also charge interest, which accrues over the entire time. Bitches.

At the will reading I can hear the attorneys, "And I bequeath the house to my rotten son, Jimmy, who never called, never sent a birthday card or attended family gatherings."

Jimmy - (pointing his finger at his two brothers and a sister) "Ha! Suck it losers!"

Attorney - "While the value of the property is currently estimated at $1.2 million, there is an outstanding loan amount on the property of $182,000..."

Jimmy - "Hey, that's cool. I'll sell the house and be rolling in dough. Y'all can suck it!"

Attorney - "...and a tax lien of $1.1 million."

"The rest of the estate was rolled up into a non-revocable, tax-exempt trust invested in life-insurance policies with non-taxable payout receipts of $5 million each to Bob, Eddie and Sarah, the other three heirs."

Jimmy - "What the frick?"

Everyone else, "Suck it, Jimmy"



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