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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 8:32 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
Posted on 1/18/16 at 8:42 pm to mailman
The inheritance tax is fricking incredibly stupid. The money has already been taxed and then they want to tax it again when it transfers. IMO one of the worst taxes we have.
Posted on 1/18/16 at 8:43 pm to mailman
That's what a well set up trust is for
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