Apparently it is true: Stupid people get the stupid kind of government that stupid people deserve.
Good going, Boomers. You didn't need all that Social Security money they give you, did you? And did you know that Trump’s Tax Cuts and Jobs Act nearly doubled the amount of money that families can pass on free of taxes, either in a bequeath or in lifetime gifts?. That's what's known as the gift and estate tax exclusion.
That idiot Biden you voted for will bump the top tax rate on these transfers to 45%, limit the amount people can pass on at death free of taxes to $3.5 million and limit the exclusion to $1 million for gift taxes. "But I'm not one of those nasty rich people" you say? It doesn't matter, because it will filter down to you.
Joe Biden also plans to eliminate the step-up in basis, a provision in the tax code that allows heirs to receive assets valued as of the date of death. This means the IRS would immediately tax unrealized capital gains at when you croak.
Hahahahah you old Democrat goobers. You really screwed the pooch, dinya? Oh well. You can't take it with you, can ya? Might as well give it to the gummint, instead of those crotch-fruit of yours.
