Posted on 08/24/2021 4:16:03 AM PDT by RandFan
President Biden’s proposal for a new death tax to help pay for his $3.5 trillion social welfare expansion is hitting resistance from members of Congress, including a top farm state Democrat, who warns that the tax will hurt family farms.
The proposal would change the way capital gains are calculated on inherited assets worth more than $1 million, taking a bigger bite out of inherited stocks, real estate, businesses and farms.
(Excerpt) Read more at washingtontimes.com ...
These vile politicians are thieves, (and I betcha if you review the “legislation” they have exempted themselves from this organized crime law..) and should all be imprisoned.
Not “imprisoned.” Hanged.
No tax I despise more than the death tax.
Every week it’s more bad news from the Biden domestic enemy occupation. Can someone tell me one good thing this occupation has done? Increased the power of China I guess, oh yes and the terrorists. Now not only can they freely plan more terror attacks on the USA, they also have an open invitation to enter through the southern border
I wasn’t there yesterday.
I am there, today.
Twice.
It’s a horrible tax and a real disaster to many families. It’s also so wrong, morally…somebody spends his whole life building something and then the government swoops in and takes it away from his heirs.
A roman coliseum event featuring all of them would be more entertaining
Any Republican that votes for this should be banished immediately from the GOP.
It is confiscation of property, not a tax. This is their way of exhausting all of Whitey’s resources before they exhaust Whitey.
Farms and businesses will not just be harmed, they will be destroyed. How vile is it that dying is a taxable event??? One reason to save, to grow a business is to potentially be used to care for you in your old age. So, you save more than neccessary or you die before your time or before it is all used up, you are taxed for being smart, frugal, and sustainable. Unconscionable.
Agree 100%. It’s disgusting. Further, you just know that he already knows how he will get around the rules for his family.
We need to find each and every loophole they use, close these loopholes, and advertise broadly their hypocrisy.
Is it just the Democrats that bring the death tax thing up repeatedly year after year decade after decade?
They use trusts.
Or foundations
Expensive and complicated to set up. But not impossible!
All your stuff are belong to us..
"Ok, woke leftist billionaires, when you die, your family is broke. Shouldn't have carried so much water for the left. Too bad, so sad."
The billionaires use foundations, trusts, offshore shelters etc
Alexandra Pelosi did warn that her mother would cut your head off and you wouldn’t even know you were bleeding. Nancy Pelosi is the devil and the recall in CA must have her worried.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.