[TruthNtegrity]

I'm very late to the thread but I thought I'd add - that I sold a house (in 2005) that was supposed to be my inheritance from my parents, and I just hated to sign the IRS forms and write the check for so much of what was supposed to be MINE!

I paid taxes on that house that had been bought with money on which taxes had been paid numerous times as my Dad made money not only from his salary but from buying/selling stock. Then I paid the mortgage on same house, with money that had been taxed several times (also salary and stock buying/selling) so sending in a check to the Feds with that many zeroes - on money that had already been taxed 3-4-5-6 times before just made me nuts.

I've been writing letters to Senators and Congress Critters to get this inheritance tax done away with.

Can you see the perpetuation of the problem, when I die and my inheritors have to pay taxes, AGAIN, on money that has already been taxed multiple times??? It's my definition of insanity.

[Wolfstar]

Can you see the perpetuation of the problem, when I die and my inheritors have to pay taxes, AGAIN, on money that has already been taxed multiple times??? It's my definition of insanity.

Hi Truthy, good to hear from you. What you describe is my definition of government greed. Government, as an entity, is the most greedy enterprise on the planet.

[SnarlinCubBear]

There are ways around this. Simple ways. A trust, for one. Had one been set up, you would not have paid anything. do not fail to set one up for your children/heirs.