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Old 12-14-2010, 01:40 AM
 
69,372 posts, read 53,664,795 times
Reputation: 9357

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Quote:
Originally Posted by TempesT68 View Post
That's called Weiner schooling the fox news bimbo
You continue to show your class with every posting..
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Old 12-14-2010, 01:44 AM
 
69,372 posts, read 53,664,795 times
Reputation: 9357
Quote:
Originally Posted by Smash255 View Post
New gains. Not to mention the fact the exemption amounts are higher than what more than 99% of Americans will inherit.
Why isnt what your parents earned, yours? What gives the government a superior entitlement over the offsprings of people with money, regardless of the amount?
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Old 12-14-2010, 08:49 AM
 
Location: Va. Beach
6,384 posts, read 4,233,713 times
Reputation: 2273
It's double taxation. The money was taxed while being earned. Any earnings on that money was taxed, why should it be taxed, once given to someone else?
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Old 12-14-2010, 10:24 AM
 
1,432 posts, read 876,606 times
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Quote:
Originally Posted by txgolfer130 View Post
New gains plain and simple. Those who are being left the "assets" are not the direct recipients of the income stream derived from that investment or string of assets. They are inheriting a cash flow/stream that is outside of their direct sphere of ownership. Hence, not double taxation, but a new gain.
Who gives a rats ass if it is a new gain. Most likely a parent has busted their can to get ahead, invest and already had it taxed. As a parent I should be able to leave all of my once taxed money to a child. Simply dumb to think the Govt has any right to what I earned and made in sweat and blood....and should have the right allocate as I see fit....
Sounds like a have not wanting to tell those with money what they should be allowed to do with their money.....
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Old 12-14-2010, 10:34 AM
 
3,204 posts, read 2,386,280 times
Reputation: 1544
My cousins lost the family farm that had been in our family for generations. I think what some people don't understand is that inheritance isn't always in cash. People that own businesses may have to sell in order to have the cash to pay the taxes. It's just plain wrong.
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Old 12-14-2010, 10:37 AM
 
10,543 posts, read 11,693,265 times
Reputation: 2797
If you give it to charity, they can have it, but if you leave it for the benefit of your family, the government wants it.
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Old 12-14-2010, 10:37 AM
 
Location: Londonderry, NH
41,505 posts, read 49,625,513 times
Reputation: 24548
Should be treated as ordinary income.
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Old 12-14-2010, 10:46 AM
 
47,314 posts, read 24,678,808 times
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New gains, of course. If you didn't earn it yourself, then you should pay tax on it with few exceptions. Hell, there isn't a dollar in circulation (ok...maybe a hot one off the printing press) that hasn't been taxed as earnings for somebody. If we exempted every dollar that has already had tax payed on it, we'd collect no taxes. Which i'm sure is the dream of some people around here.
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Old 12-14-2010, 10:48 AM
 
47,314 posts, read 24,678,808 times
Reputation: 14471
Quote:
Originally Posted by Isitmeorarethingsnuts? View Post
My cousins lost the family farm that had been in our family for generations. I think what some people don't understand is that inheritance isn't always in cash. People that own businesses may have to sell in order to have the cash to pay the taxes. It's just plain wrong.
I'd be interested in knowing what that farm was worth cuz it must've been ONE HELL of a farm considering how high the exemption is.
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Old 12-14-2010, 10:52 AM
Status: "DON'T VOTE" (set 7 days ago)
 
26,764 posts, read 15,002,889 times
Reputation: 12583
The left wants everyone to believe that all money belongs to the government and we should just be thankful with what they allow us to keep.
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