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Clinton Estate Tax Plan Would Affect Many Families, Not Just the Very Rich

Vigilante

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She's just a fucking disaster!

Hillary Clinton’s newly proposed top estate tax rate of 65 percent on $1 billion estates can sound innocuous enough to the average taxpayer. Last year only a handful of estates would have been large enough to have been affected. If that was all there was to the new Clinton estate tax announced in September, most families would be wiser to focus on other things.

But Clinton’s 65 percent estate tax is really just the tip of the iceberg. She also wants to lower the level at which estate taxes become payable to only $3.5 million. By contrast, Donald Trump would eliminate the estate tax.

In addition, Clinton’s website says she would end the current law pertaining to capital gains—which her website calls an “egregious loophole”—whereby inheritors of assets bought decades ago only owe tax when they sell them, not when they inherit them. Under her plan, a much larger capital gains tax than now would be due, and it would be due at death.

(Excerpt) Read more at dailysignal.com ...
 

Staidhup

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Kiss the family farm and business good bye. As Warren the nut likes to say they didn't earn it!
 
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Vigilante

Vigilante

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Joined
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Waiting on the Cowardly Dante!!
Kiss the family farm and business good bye. As Warren the nut likes to say they didn't earn it!
The smoking barrel of your shotgun might be the only answer when they come to take away what you worked your life for....some principles are worth dying for...as many of our Founders taught us!
 

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