[Libloather]

I don't like taxes.

[southernindymom]

There shouldn’t be an inheritance tax. The money has already been taxed at least once if not more.

[Strict9]

it’s ridiculous to pay taxes that many times on the same amount. The government spends billions finding out why lesbians are fat, or to protect a titmouse, but they have to tax you 12 ways to Sunday on the money your family has been saving for generations.

[ByteMercenary]

My MIL dated a very rich guy who wanted a 100% inheritance tax. He said that his kids should make their own way. He also said that a 100% tax would prevent vast fortunes from coalescing to individual families like the Rockefellers, etc.

That last one is not unreasonable.

[sauropod]

It’s possible to be hit with cap gains tax too, if there’s been any growth in the value of the inheritance before you receive it.

[ClearCase_guy]

Government: “I see your family has something. Give it to me.”

[Dad was my hero]

While they’re doing this, I’d like to see them do away with asset forfeiture laws and do a resolution that the official language of the US is English. Just sayin’.

[Empire_of_Liberty]

The US Constitution allows the Federal Government a SINGLE tax and We The People can’t even hold them to that.

They enter government to do good, and do very well, indeed.

[pas]

There first priority should be getting the DOGE identified cuts put into law to prevent the courts from trying to run the executive branch.

[Bearshouse]

Back when the news shows were more honest, one of them did a story about the inheritance tax. A violinist was touring Europe and found a violin for sale for an astronomical amount (probably in the 50s ) if I remember like 250 thousand. He bought the violin and justified it by saying it was what he would support his wife and children with for all his life. His family lived almost in poverty for several year because of this tremendous debt that he owed even though he was considered very successful.

When he died he had one daughter left who was now a violinist with an orchestra and using her fathers instrument. The IRS appraised the violin at 15 million dollars and her tax on that would have been 5 million. In order to keep the the violin that her whole family had paid for all her life and she now loved and valued she somehow had to come up with 5 million dollars. She of course was forced to sell the instrument.

[Pajamajan]

bttt

[kvanbrunt2]

In PA is is called the cancer tax. If you are a caregiver for someone who passes you their inheritance, a House for ex., You pay 15%.

[Bon of Babble]

I remember the tax cuts during Trump’s first term - lefties told me it was “only the rich (specifically Trump’s rich friends) who are getting tax cuts.”

I asked my tax accountant if I would be getting anything from Trump’s tax cuts - he said “yes, about $2,500” - that is no small amount - and I am far from rich.

Keep it coming and yes, eliminate the death tax - taxes which have already been paid.

[Arcadian Empire]

Inheritance taxes need to end.