Posted on 09/22/2016 11:18:50 AM PDT by orchestra
Democratic presidential candidate Hillary Clinton would impose a 65% tax on the largest estates and make it harder for wealthy households to pass appreciated assets to their heirs without paying taxes, according to an updated version of her tax plan released Thursday.
The estate tax increase and other new proposals from Mrs. Clinton would generate $260 billion over the next decade, enough to pay for her plans to simplify small business taxes and expand the child tax credit, according to the nonpartisan Committee for a Responsible Federal Budget, which advocates fiscal restraint.
In all, Mrs. Clinton would increase taxes by about $1.5 trillion over the next decade, increasing federal revenue by about 4%, though that new burden would be concentrated on relatively few households. There is at least a $6 trillion gap between her plan and the tax cuts proposed by her Republican rival Donald Trump.
(Excerpt) Read more at wsj.com ...
and no tax if you donate to the Clinton Foundation
Estate tax is just wrong in so many ways.
Goodbye family farms and small businesses!
And if you don't have that much laying around in cash, its a fire sale on your property, which will be LUCKY to get 65% on the dollar when forced to sell quickly.
And so you get to leave your children nothing.
Scam. The real rich do not pay estate taxes.
She gets the whitehouse and she will tax us and put the money in her own bank account. She will rob us blind. With her getting away with everything nothing will stop her.
By the time she gets our of White House she will be the richest person on the planet. Vote Trump.
The *itch has go the RAT dead vote tied up and now she wants to steal from them too, *itch!!
Incredible.
Chelsea will get hers thru the Clinton Money Laundering Foundation and Massage Parlor.
After she moves all her money to their foundation, why not?
65% tax unless you form a foundation to pay for the lifestyle of your family and friends.
But because she and her HINO have a foundation, they won’t pay it. Someone should propose a ban on ALL foundations, which are mainly tax shelters for the Left.
Jail the Marxist Beast.
This will be titled “The Full Employment for Estate Attorney Act”
All those millennials waiting patiently for mom and dad to croak will be very disappointed when they learn that all the leftovers have to go to the IRS.
I’d go for a 100% tax on phony foundations.
Except if you give donations to the Clinton Foundation, then you dont have to pay any taxes because you have already bought yourself an Ambassadorship
I’ll bet this includes a 65% tax on the family foundations and family trusts which high powered, very expensive attorneys set up for the very wealthy. NOT!
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