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Subj: No I mean specifically the death/inheritance tax...you know where
Posted: Fri Aug 25, 2017 at 08:50:29 am EDT (Viewed 208 times)
Reply Subj: Re: Pence Stands With Traitorous Trump!
Posted: Thu Aug 24, 2017 at 03:21:18 pm EDT (Viewed 232 times)
Quote:2. The Estate Tax, death tax, is a perfectly fine tax. The estimate for 2017 was that 1 in 487 pay the tax (0.2%). This is hardly a pressing matter given the number of people implicated. There are bigger issues of fairness in the tax code and other issues than worrying about if very wealthy people can pass property and material tax free.
Quote:So you like multiple taxing on the same source of income?
Quote:I recommend you look at other sources
...when a parent dies the child receives taxes on what's left to them. Which is essentially at least a 3rd tax. First it was taxed when their parent made the money...then there was a tax on any purchases they made and then its taxed again when passed to their children.
I know its often a state issue...maybe I misunderstood what you two were referring too.
Either way...multiple taxing on the same source of revenue is dicey.