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Posted on 4/28/22 at 2:44 pm to gorillacoco
quote:
Well it would be an easy loophole to avoid paying capital gains. Unfortunately for me (and everyone else working) there is no such loophole for the income tax we pay. I don’t want people paying more taxes. In fact I’d prefer the opposite. I just want the money taxed evenly across everyone. So I’m not paying an increased % of the tax myself because others are skipping out.
Inheritance isn't income. That money has already been taxed as income. You are a moron plain and simple.
Posted on 4/28/22 at 2:47 pm to gorillacoco
quote:
I just want the money taxed evenly across everyone.
Dude, don't take this the wrong way.......but you are not very bright. Tell me how it is not evenly taxed for everyone.
Posted on 4/28/22 at 2:49 pm to LNCHBOX
quote:
Inheritance isn't income
Yeah I agree with this. It’s specifically for capital gains. I’ll concede the point for inheritance tax specifically. Still holding on the capital gains as it has not been taxed yet.
Posted on 4/28/22 at 2:50 pm to TDTOM
quote:
Tell me how it is not evenly taxed for everyone.
The capital gains are untaxed until they are realized. Estate tax forces a realization so that high dollar capital gains don’t go untaxed indefinitely.
Posted on 4/28/22 at 2:51 pm to gorillacoco
quote:
It’s specifically for capital gains. I’ll concede the point for inheritance tax specifically. Still holding on the capital gains as it has not been taxed yet.
Why would they be taxed if they aren't realized? Until then, there is no gain, so there is nothing to tax.
Posted on 4/28/22 at 3:01 pm to LNCHBOX
(no message)
Posted on 4/28/22 at 3:11 pm to gorillacoco
quote:
so that high dollar capital gains don’t go untaxed indefinitely.
Does it matter? Why would they be taxed if the gains are never realized?
They won't go untaxed indefinitely. They'll be taxed when the gains are realized.
Posted on 4/28/22 at 3:19 pm to gorillacoco
The only way it can go on indefinitely is if they are not realized. If they are not realized then no benefit was directly derived from said funds.
This post was edited on 4/28/22 at 3:20 pm
Posted on 4/28/22 at 3:42 pm to gorillacoco
quote:
It’s not theirs until the dead guy dies. I’m supposed to boohoo for someone because they couldn’t get more than a million bucks tax free that they didn’t work for themselves?
I'm actually told, to give through taxes, money to someone that
quote:
didn’t work for themselves?
Think about what you just said.
This post was edited on 4/28/22 at 3:47 pm
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