If you get money you didn't have before you should pay taxes.
Whether its from a lottery ticket, job, or inheritance.
given the massive income taxes which did not really exist when the "reason" for the death tax was created already tax the rich plenty this abomination should be abolished. Any politician who would try to impose a 100% tax hopefully would lose his office-or worse-immediately
the inheritance tax is designed to appeal to envy and is a most inefficient tax-more money is spent trying to avoid it than it raises. the people who most support it are those who benefit from it-democrat politicians, tax lawyers, insurance salesman and some charities who think if it goes away so will donations
btw it was never designed to raise revenue but to engage in social engineering which is really not a proper role of the federal tax system
why do people need so much money to be happy? My family barely gets by but everything is fine and we are ok with that. I don't need millions of dollars to be happy.
why do people need so much money to be happy? My family barely gets by but everything is fine and we are ok with that. I don't need millions of dollars to be happy.
I included 100% as an option because I've actually met people who advocate not allowing any inheritance. IMO that's a ridiculous position, but some people do support that.
it has everything to do with need, if people weren't so sensitive about money they did not even earn then we would not be having this debate. I see no reason that anybody needs 5 million in inheritance, and if they do a 35% tax is nothing to them.Who said anything about need? This is more about what is appropriate for the government to take.
it has everything to do with need, if people weren't so sensitive about money they did not even earn then we would not be having this debate. I see no reason that anybody needs 5 million in inheritance, and if they do a 35% tax is nothing to them.
Someone earned the money though, and it wasn't the government, it wasn't anyone enrolled in government services, it was the deceased and that person is the only one who should make the final decisions on who gets to partake when they have passed.it has everything to do with need, if people weren't so sensitive about money they did not even earn then we would not be having this debate. I see no reason that anybody needs 5 million in inheritance, and if they do a 35% tax is nothing to them.
it has everything to do with need, if people weren't so sensitive about money they did not even earn then we would not be having this debate. I see no reason that anybody needs 5 million in inheritance, and if they do a 35% tax is nothing to them.
Double taxation, I'm not so sure you'd be in favor of the concept if you were on the receiving end.it has everything to do with need, if people weren't so sensitive about money they did not even earn then we would not be having this debate. I see no reason that anybody needs 5 million in inheritance, and if they do a 35% tax is nothing to them.
it has everything to do with need, if people weren't so sensitive about money they did not even earn then we would not be having this debate. I see no reason that anybody needs 5 million in inheritance, and if they do a 35% tax is nothing to them.
it has everything to do with need, if people weren't so sensitive about money they did not even earn then we would not be having this debate. I see no reason that anybody needs 5 million in inheritance, and if they do a 35% tax is nothing to them.
There was an article done about the death of George Steinbrenner, they said if he had passed in 2011 versus 2010 the family would not have been able to pay the taxes and keep the New York Yankees. Some people who say "but they didn't earn it anyway" are fools, Hal and his brother Hank were making executive decisions with their dad for years before he passed, and because they were not yet principle owners but would inherit the contolling interest they would have lost all their dad and themselves had worked for due to the tax code. Yet another reason the inheritance tax is a punitive onerous and needless tax.No, you're looking at it the wrong way. The people who receive the inheritance don't really care much about the tax since they don't pay it. So often, they're really happy to get what they get. The people who are angry about estate taxes are the people with the money who are trying to leave it to their heirs -- and suddenly find out that Uncle Sam's an heir at the rate of 62.5%.
why do people need so much money to be happy? My family barely gets by but everything is fine and we are ok with that. I don't need millions of dollars to be happy.
I'm surprised that came from the WaPo. They are almost left of the NYT. Good one though.an interesting article I just read from another board-has some major relevance here
Angry about inequality? Don’t blame the rich. - The Washington Post
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