Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,596,838 times
Reputation: 9169
Quote:
Originally Posted by branDcalf
I support ending the estate tax. I have worked really hard and have been very frugal with the sole goal of leaving money to my kids. I've paid a lot in taxes. On what I've saved. I object to it being taxed twice.
Don't you want your kids to earn their own way instead of just inheriting from you? And I say this as a liberal
Don't you want your kids to earn their own way instead of just inheriting from you? And I say this as a liberal
Sure but that is not at issue here.I earned that money if I want to leave to my family members that is my right ,the goverment should not profit or steal and use my death as a reason for it.
I support ending the estate tax. I have worked really hard and have been very frugal with the sole goal of leaving money to my kids. I've paid a lot in taxes. On what I've saved. I object to it being taxed twice.
your money is not being taxed twice because after you die it's not your money anymore. it belongs to someone else.
I suggest you start storing cash under your bed. just make sure you tell the kids.
yes, the original owner of the money paid taxes on it. the new owners have to pay their own tax on it. it's income for the new owners.
if not, that would be the same as someone buying a used car. since the original owner paid the tax on it, why should the next owner pay the sales tax? boy, that would be a break for consumers, wouldn't it?!
yes, the original owner of the money paid taxes on it. the new owners have to pay their own tax on it. it's income for the new owners.
if not, that would be the same as someone buying a used car. since the original owner paid the tax on it, why should the next owner pay the sales tax? boy, that would be a break for consumers, wouldn't it?!
It's money already taxed. Doesn't matter who in the family gets it. It's already taxed. The gov does not get a second bite of the apple.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
