its not a death tax ..

Discussion in 'Politics' started by Siete, Oct 3, 2017.

  1. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Huh?
     
  2. HappyJoy
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    HappyJoy Gold Member

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    It's simply not true.

    https://www.cbpp.org/archiveSite/6-17-05tax.pdf
     
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  3. Camp
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    Camp Gold Member

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    Just because you are stuck on repeating that talking point over and over does not make it true. Money gets taxed over and over again whenever it changes hands and becomes a persons "income". When funds are transferred into your control those funds become your "income". They are funds you did not have yesterday or last week but funds you now have. You have never paid taxes on those funds. Somebody else did. Those funds are an all new source of revenue for you.
     
  4. jc456
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    jc456 Platinum Member Gold Supporting Member Supporting Member

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    thanks for the laugh. so is the money taxed as a capital gains? I'm fine with that, but it isn't an estate tax then. It is a capital gains tax. we have that. so what I conclude from the poorly written link is that there is no need for an estate tax. because capital gains is only the money made on top of the original investment, not on the entire investment. Please.
     
  5. jc456
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    jc456 Platinum Member Gold Supporting Member Supporting Member

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    what a bunch of hooey. It is a family monies. It's the entire argument. and it was taxed so it is therefore double taxed. No investment was made by the siblings if it is mom and dad's money. none. there is no earnings to call it income.
     
  6. Siete
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    Siete Gold Member

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    When heirs eventually sell the inherited assets, they only pay capital gains tax on the difference between the value when inherited and the sale price. Thus, it is possible to avoid paying capital gains tax on asset appreciation during a person's lifetime.Estate taxes might affect the aggregate capital stock.


    now you can sit back and stfu.
     
  7. HappyJoy
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    HappyJoy Gold Member

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    The recipient of the money is taxed.
     
  8. jc456
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    jc456 Platinum Member Gold Supporting Member Supporting Member

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    selling assets should be taxed, I have no issue with that at all. the mere fact that the government is entitled to money that is already taxed in a family, is double taxation. Capital gains takes care of the gains.
     
  9. jc456
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    jc456 Platinum Member Gold Supporting Member Supporting Member

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    why? why are you afraid of me spending my mom and dad's money? I pay sales tax on anything I buy.
     
  10. HappyJoy
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    HappyJoy Gold Member

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    Nope, doesn't work that way.

    Thank god Donald Trump has people like you defending their best interests.
     

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