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WTH? The people who inherit the money has NEVER paid any taxes on that inheritance income. Its absurd that someone getting $5 billion tax free, while you and me must pay 30% tax (income, sales, fees etc) on what we earn. Why do you support the donor class who laugh in your face? They dont care about you. They simply buy your politician and get favors in return (like this elimination of the inheritance tax). The end result is of course that you will pay more in road tolls as public spending on roads are slashed to make up for the shortfall.
You still don't get it. Would love to see your school grades.
A person gets free money for doing nothing other than being born to a wealthy family while regular, working class folks have to pay taxes on the income from the WORK THEY DO!
Its mind boggling to me how members of the 99% support turning America into a third world plutocracy with a tiny economic royalist elite at the top.
Are you really not getting this ?
Let's say you've worked all your life and have built a nice account for yourself. You have paid taxes on that money. Now you also have a couple of kids and have willed that money to them when you die. Why should they have to pay taxes on the money you earned that has already been taxed ?
Is it you don't get it or will never build enough money to will to someone ?
Yep ... but the 'it's not fair crowd' always want a piece of what others have.
Isn't that the truth. You can always tell them apart. If i'm somewhere and see a Ferrari, nice house or a million dollar powerboat i smile and say good for them. Those other people always start out with a "must be nice" type of comment.
Let's say you've worked all your life and have built a nice account for yourself. You have paid taxes on that money. Now you also have a couple of kids and have willed that money to them when you die. Why should they have to pay taxes on the money you earned that has already been taxed ?
Is it you don't get it or will never build enough money to will to someone ?
What kind of bone head argument is this? The people who get the inheritance have paid ZERO in taxes on this inheritance. Its a complete fallacy. By this logic, companies shouldnt pay taxes, we should have no tariffs, we should have no sales tax etc etc. This is just nonsense as you are trying to defend the donor class who buy your politician and laugh in your face for defending them.
You are not a billionaire or part of the donor class. I dont care about a couple of hundred thousand inheritance income being tax free. The problem is when you support the donor class who buy your politician and laugh in your face. These rich kids can get a job like the rest of us. Its absurd that they shouldnt pay inheritance tax on income they did nothing to deserve. You pay taxes twice or three times constantly. Its a bone head argument.
Interesting.
So, why do you think the concept of not double taxing someones earnings should change based on nothing more than the amount of those earnings?
It's not ok to double tax a couple hundred thousand, but it's just fine to double tax a million?
Why?
The government has no more claim to those earnings nor do those inheriting the earnings have any less claim to them simply because of how much there is.
Isn't that the truth. You can always tell them apart. If i'm somewhere and see a Ferrari, nice house or a million dollar powerboat i smile and say good for them.
Then they buy your politician, ********* over and rig the economy to ensure that you and your family will struggle as working stiffs. You have to choose, either massive income and wealth inequality or democracy. You cant have both. Research shows that your opinion and the opinions of most of the population has ZERO effect on public policy. The top 0.1% of income earners basically set public policy. They can simply ignore the will of the people as you dont have the money to be part of the donor class. Whats so great about that?
So, why do you think the concept of not double taxing someones earnings should change based on nothing more than the amount of those earnings?
It's not ok to double tax a couple hundred thousand, but it's just fine to double tax a million?
Why?
The government has no more claim to those earnings nor do those inheriting the earnings have any less claim to them simply because of how much there is.
"double taxation" is a meaningless argument used by working stiffs to support the donor class. You are taxed double all the time. Who cares!? These rich kids should get a job like the rest of us instead of getting inheritance tax free. Its absurd. And you will pay for it. Prepare for massive increase in road tolls as you pay for the shortfall from the sons and daughters of the billionaire class not paying taxes.
Canada has no separate inheritance tax. Instead the deceased is deemed to have sold all his assets just before death, and his estate (not the recipients) is taxed on the sale & capital gains using regular tax rules and rates - based on a final post-death tax return. This does not apply to assets inherited by a surviving spouse or common law partner.
"double taxation" is a meaningless argument used by working stiffs to support the donor class. You are taxed double all the time. Who cares!? These rich kids should get a job like the rest of us instead of getting inheritance tax free. Its absurd. And you will pay for it. Prepare for massive increase in road tolls as you pay for the shortfall from the sons and daughters of the billionaire class not paying taxes.
The rich kids will never be working stiffs like us anyway, tax or no tax. Making them pay will not lower our taxes. Mega rich families just do fancy tax planning and the kids are set. I doubt they pay much taxes anyway unless they chose to.
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