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LOL. I fully expect everyone complaining to make sure that they send the appropriate fair tax check to their state and the federal government upon the death of a relative that leaves them any amount of money or property. Or send all of it as greywar suggests. No soup for you.
LOL. I fully expect everyone complaining to make sure that they send the appropriate fair tax check to their state and the federal government upon the death of a relative that leaves them any amount of money or property. Or send all of it as greywar suggests. No soup for you.
Oh look, another suggestion that the only rules you should follow are the ones you like, and if the other side wants rules, only they should follow them. Pathetic.
LOL. I fully expect everyone complaining to make sure that they send the appropriate fair tax check to their state and the federal government upon the death of a relative that leaves them any amount of money or property. Or send all of it as greywar suggests. No soup for you.
Really lol!
The estate tax is inherently unfair as all the income that is passed to heirs has already been taxed when it was earned.
If people want an estate tax, then it should apply to everyone including the people who inherit an average house worth a few hundred thousand dollars.
The estate tax is inherently unfair as all the income that is passed to heirs has already been taxed when it was earned.
If people want an estate tax, then it should apply to everyone including the people who inherit an average house worth a few hundred thousand dollars.
Just so wrong on many points. Suggest you actually look up and read the tax code to understand what is taxed as part of estate taxes and how it comes about.
First and foremost while the "earned" income (or unearned) for that matter *may* have been taxed once, that applied to the person who did the work, conducted the transaction. Why should those funds/assets be allowed transfer to someone else (inherited) who *DIDN'T* do anything other than merely be born?
Sorry buddy. No amount of hypotheticals is going to change the fact that you got duped by the oligarchs of this country to excuse their children from paying a tax that you pay on every paycheck.
I pay a death tax every pay check? am I dead and nobody is telling me?
Once again that income has already been taxed out of the deceased paycheck or earnings.
Just so wrong on many points. Suggest you actually look up and read the tax code to understand what is taxed as part of estate taxes and how it comes about.
First and foremost while the "earned" income (or unearned) for that matter *may* have been taxed once, that applied to the person who did the work, conducted the transaction. Why should those funds/assets be allowed transfer to someone else (inherited) who *DIDN'T* do anything other than merely be born?
So you are ok if your parents leave you a 200,000 house being taxed on that amount of money?
I don't need to "read up" to understand.
The money earned has already been taxed. There is no reason for it to be taxed again when it is passed to a child.
However, if you think its ok to tax money passed to a child from a parent, then it should be applied to all people, not just the rich.
There is no reason for any limitation/exemption because any inherited/gifted money/property has already been taxed.
You do realize that when you are talking about $11million+ dollar estates that a large portion of that was not taxed as they were capital gains never taken out. And thus is straight up untaxed unearned income.
Family businesses are absolutely not being ravaged by this.
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