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Message
re: I don't understand inheritance tax
Posted on 1/18/16 at 8:57 pm to mailman
Posted on 1/18/16 at 8:57 pm to mailman
There is nothing you can ddo with your money that isn't taxed.
1. Spend it? Sales tax.
2. Put it in the bank? Tax on the interest.
3. Put it in the stock market? Capital gains tax.
4. Buy property? property tax.
5. Give it to someone? Gift tax.
6. Die with it? Inheritance tax.
1. Spend it? Sales tax.
2. Put it in the bank? Tax on the interest.
3. Put it in the stock market? Capital gains tax.
4. Buy property? property tax.
5. Give it to someone? Gift tax.
6. Die with it? Inheritance tax.
Posted on 1/18/16 at 9:14 pm to East Coast Band
quote:
There is nothing you can ddo with your money that isn't taxed.
1. Spend it? Sales tax.
2. Put it in the bank? Tax on the interest.
3. Put it in the stock market? Capital gains tax.
4. Buy property? property tax.
5. Give it to someone? Gift tax.
6. Die with it? Inheritance tax.
yes, every transfer of funds between you and another entity is taxed like a transaction fee. Not a new concept. The sales tax you paid was from post tax income, right? The money that goes to your heirs will be taxed in much the same way. But it's all horsehit to debate anyway
Anything 3.5 million or more, and 99.9% of the time that would be sheltered in some trust, so it's really a moot point. Just something dimwits can pretend to be concerned about like it changes their station in life one iota. People take the "fake it til you make it" and " act as if" way to far.
Spoiler alert: you will always be poor when it comes to issues like this.
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