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re: Govts love to use private entities to collect taxes, remember with this "mileage" tax

Posted on 3/28/21 at 7:54 am to
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7847 posts
Posted on 3/28/21 at 7:54 am to
quote:

16 billion was owed in estate tax for 2020. That may seem like a gotcha to you, but thats the family farm sold off to pay the IRS for many families simply because someone died unexpectedly without a trust set up.


It wasn't a gotcha; it was a fact.

Per the Tax Policy Center, About 4,100 estate tax returns will be filed for people who die in 2020, of which only about 1,900 will be taxable—less than 0.1 percent of the 2.8 million people expected to die in that year.

My claim that almost noone pays the Estate tax holds true.

LINK

Maybe you will be correct next time, m'dude.
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