Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind

How can you pay more than 100%?


6 posted on 04/08/2014 2:29:56 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: smokingfrog
How can you pay more than 100%?

Involuntary servitude for your heirs.

11 posted on 04/08/2014 2:56:56 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
[ Post Reply | Private Reply | To 6 | View Replies ]

To: smokingfrog
How can you pay more than 100%?

They rip the gold fillings out of your teeth, then go after your heirs' gold fillings too.

12 posted on 04/08/2014 2:58:02 PM PDT by Cementjungle
[ Post Reply | Private Reply | To 6 | View Replies ]

To: smokingfrog
How can you pay more than 100%?

If that portion of your estate is valued at $100K, then your tax bill would be for $164k.

Hey, it is only your fair share, right?

13 posted on 04/08/2014 3:00:01 PM PDT by BwanaNdege
[ Post Reply | Private Reply | To 6 | View Replies ]

To: smokingfrog
How can you pay more than 100%?

Explanation

16 posted on 04/08/2014 3:11:58 PM PDT by SC DOC
[ Post Reply | Private Reply | To 6 | View Replies ]

To: smokingfrog
How can you pay more than 100%?

Explanation

17 posted on 04/08/2014 3:11:58 PM PDT by SC DOC
[ Post Reply | Private Reply | To 6 | View Replies ]

To: smokingfrog

“How can you pay more than 100%?”

It’s more than 100% of the amount that is over a particular thresold. I’m not sure if the article is clear or not, I’m too lazy to read it carefully.

But one problem with estates is valuation, your estate might be “worth” a lot of money, but if it is property (real or portable) it’s not like you’ve got that “value” in cash to pay the bill.

And who is to say how quickly or for how much any given piece of property can be sold?


24 posted on 04/08/2014 4:28:06 PM PDT by jocon307
[ Post Reply | Private Reply | To 6 | View Replies ]

To: smokingfrog
How can you pay more than 100%?

It's not on the entire estate, so the over 100% portion ends up hitting another part.
26 posted on 04/08/2014 4:41:11 PM PDT by 98ZJ USMC
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson