So, it's not just inheritance tax that is the problem. When my grandpa needed to go into a home, the home tried to steal my grandmas house. They got angry she wouldn't sign anything without another person with her. They tried to convince her that the home she was living in, and had her name on the deed since it was purchased wasn't hers.
That's not even inheriting a home. That was her fucking house, and the homes for elder care have policies and procedures to steal the houses of spouses. The laws are on their side with Medicare. To keep anything it has to be given away YEARS before the elderly person revive a care or the government will claw it back. This goes for homes, and money.
>Inherit family business
>Has more than $14m in assets on paper
>Government demands 40%
>Forces you to sell the business to pay them
This is the main problem with inheritance taxes. They're a way of transferring wealth from the people who built it to the corporate donors of the politicians who won't abolish them.
Yeah. I've got mixed feelings on it. On one hand, you should be able to pass down what you make to your children. It rewards merit because providing for your family is a powerful incentive. But on the other hand, it's removes merit-based rewards for their descendants. I resolve the disagreement by considering that the government has no business making a decision about that question one way or another.
Besides the rich billionaire you talk about dodges this shit anyway He'd put the ownership of the $2b of stocks in a trust or foundation or something and then just appoint the beneficiary as the CEO. "No money changed hands, someone else is just running this entity now."
The premise here is not letting home values go down. It literally doesn't matter where it's set in that circumstance because you will get there anyway under that premise.
According to my quick googling, you start paying inheritance taxes from the moment you inherit 14 million dollars. That's several homes.
So, it's not just inheritance tax that is the problem. When my grandpa needed to go into a home, the home tried to steal my grandmas house. They got angry she wouldn't sign anything without another person with her. They tried to convince her that the home she was living in, and had her name on the deed since it was purchased wasn't hers.
That's not even inheriting a home. That was her fucking house, and the homes for elder care have policies and procedures to steal the houses of spouses. The laws are on their side with Medicare. To keep anything it has to be given away YEARS before the elderly person revive a care or the government will claw it back. This goes for homes, and money.
Doesn't matter
Why? The guy suggested that inheritance taxes are 'preventing' people from passing things to their descendants.
Gotta admire the hustle of the very wealthy, who persuaded common people to become 'allies' to them the way leftists are to blacks and trannies.
Id rather it not go to the government to support niggers and spics
And You have to understand that $14MM is not as much as it used to be
Rest assured that the support for "niggers and spics" is as sacrosanct as the Pentagon budget.
Ever heard of fiscal drag? You should, you live near the UK.
An astronomical figure is eligible for tax in 1950.
By 2000 everyone is earning that much, and the tax isn’t adjusted or going away.
That’s inheritance taxes by 2050.
So basically inflation increasing your taxes? Aren't they indexed?
>Inherit family business
>Has more than $14m in assets on paper
>Government demands 40%
>Forces you to sell the business to pay them
This is the main problem with inheritance taxes. They're a way of transferring wealth from the people who built it to the corporate donors of the politicians who won't abolish them.
That is a problem. That said, I don't sympathize much with a filthy rich billionaire banker who has $2 billion in liquid stocks.
Yeah. I've got mixed feelings on it. On one hand, you should be able to pass down what you make to your children. It rewards merit because providing for your family is a powerful incentive. But on the other hand, it's removes merit-based rewards for their descendants. I resolve the disagreement by considering that the government has no business making a decision about that question one way or another.
Besides the rich billionaire you talk about dodges this shit anyway He'd put the ownership of the $2b of stocks in a trust or foundation or something and then just appoint the beneficiary as the CEO. "No money changed hands, someone else is just running this entity now."
Did you not bother reading the title of the post?
The premise here is not letting home values go down. It literally doesn't matter where it's set in that circumstance because you will get there anyway under that premise.
I read it as you endorsing standard GOPe dogma with Trump's latest ravings as a justification. I'm glad if I was wrong about that.