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Message
I don't understand inheritance tax
Posted on 1/18/16 at 8:09 pm
Posted on 1/18/16 at 8:09 pm
Are you okay with taxes on inheritance?
"He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million." -Bernie Sanders
I don't understand stand why money should be taxed if it's transferred between two people and the point of raising the tax.
Tax me because I'm rich sure, but after I make money and die I should be able to give my kids everything without being taxed further.
"He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million." -Bernie Sanders
I don't understand stand why money should be taxed if it's transferred between two people and the point of raising the tax.
Tax me because I'm rich sure, but after I make money and die I should be able to give my kids everything without being taxed further.
Posted on 1/18/16 at 8:10 pm to mailman
I agree as will most others but sadly you have to pay it.
Posted on 1/18/16 at 8:11 pm to mailman
That's why it is best to distribute inheritance while grampy is still alive.
Posted on 1/18/16 at 8:11 pm to mailman
Well, the good thing is most people under the current structure won't even sniff the inheritance tax.
However, I do not like the concept at all anyways.
However, I do not like the concept at all anyways.
Posted on 1/18/16 at 8:12 pm to mailman
quote:That is what it should be. Double dipping is no bueno
Tax me because I'm rich sure, but after I make money and die I should be able to give my kids everything without being taxed further.
Posted on 1/18/16 at 8:15 pm to mailman
The idea is to force businesses to incorporate, so that control cannot remain within families. The estate tax is nothing but envy codified in the tax code.
Posted on 1/18/16 at 8:16 pm to mailman
quote:
Tax me because I'm rich sure, but after I make money and die I should be able to give my kids everything without being taxed further.
B/C the government is entitled. They created entitlemnet!
Posted on 1/18/16 at 8:17 pm to mailman
You have to inherit one hell of a lot of money before you pay a penny of inheritance tax.
Posted on 1/18/16 at 8:19 pm to mailman
Inheritance tax is evil. Death is a ticket to government revenue. Something is inherently wrong with that.
Posted on 1/18/16 at 8:20 pm to mailman
People that donate to Bernie's campaign should be taxed the way he wants it to be regardless of whether he wins or loses
Posted on 1/18/16 at 8:23 pm to mailman
“If you're not a liberal at twenty you have no heart, if you're not a conservative at forty you have no brains"
Winston Churchill
Posted on 1/18/16 at 8:23 pm to CtotheVrzrbck
Is it really better. We have to pay a gift tax on anything over 10Gs.
Posted on 1/18/16 at 8:27 pm to VetteGuy
quote:
What?
The purpose of the inheritance tax is to confiscate wealth from the ultra wealthy so that it can be redistributed to the masses. That is its only purpose. It is a tool of greed.
Posted on 1/18/16 at 8:32 pm to mailman
And it accounts for less than 1% of the federal tax revenue. It's purely symbolic. Class warfare.
Posted on 1/18/16 at 8:35 pm to mailman
Government is the master and we are all slaves
Posted on 1/18/16 at 8:37 pm to mailman
It sucks but won't affect anyone here
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