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Oculus Spirit [82958]
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Oculus Spirit [83625]
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Anthony Scaramucci
Nov 8, 2020, 12:48 PM
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lol
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Legend [19890]
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Trump only hires the best people***
Nov 8, 2020, 3:00 PM
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Oculus Spirit [83625]
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and why anybody would care enough...
Nov 8, 2020, 3:28 PM
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to ask his opinion is beyond me.
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All-TigerNet [12976]
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Re: Wall Street giddy:
Nov 8, 2020, 2:26 PM
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Yep, and everyone on here will be giddy for the Dems to win the senate in the runoffs. Because you hate when normal people build wealth through a lifetime of saving. You only support inherited wealth for some reason. Boggles my mind.
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Oculus Spirit [83625]
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which liberal tnetter...
Nov 8, 2020, 2:39 PM
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is the biggest freeloader?
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All-Conference [400]
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All-In [40868]
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We should all be against taxing money that has already been
Nov 8, 2020, 2:59 PM
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taxed
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All-Conference [400]
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Re: We should all be against taxing money that has already been
Nov 8, 2020, 3:00 PM
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From the article:
"A 2013 Federal Reserve study estimated that 55 percent of the value of estates larger than $100 million consists of capital gains that have never been taxed — and may never be."
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All-In [40868]
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property that has never been sold and therefore never paid
Nov 8, 2020, 3:09 PM
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tax on the gains will still be subject to capital gains taxes when the property is sold. As it should. In the mean time, except in calif, property taxes goes up every few years and taxes are being paid on those assets.
Any gains in the stock market are paid every year.
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All-Conference [400]
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In any case, the purpose of the estate tax is not to tax
Nov 8, 2020, 3:34 PM
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previously untaxed gains, it is to keep generational wealth from building up in the hands of a few and leading to greater wealth inequality.
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Orange Blooded [4365]
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Re: We should all be against taxing money that has already been
Nov 8, 2020, 3:42 PM
[ in reply to We should all be against taxing money that has already been ] |
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Neal,
I have never understood this "money that has already been taxed" argument. All money is taxed more than once. I pay my federal income tax through withholdings. Then I pay state tax on it, too When I spend what is left on a house or car, I pay property tax. If I buy other stuff, I pay sales tax. When I buy gas, I pay a gas tax.
So all money is taxed more than once. Why should rich people be exempt from being taxed more than once ?
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All-TigerNet [12976]
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Re: We should all be against taxing money that has already been
Nov 8, 2020, 4:10 PM
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They pay all the same taxes that you just mentioned.
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All-Conference [400]
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Re: We should all be against taxing money that has already been
Nov 8, 2020, 4:19 PM
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All-In [34089]
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Re: We should all be against taxing money that has already been
Nov 8, 2020, 4:57 PM
[ in reply to Re: We should all be against taxing money that has already been ] |
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What Tobias said, with the addition of: Money doesn't get taxed. People do. A beneficiary who receives income through a will is one person. The dead person is another.
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Hall of Famer [24427]
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There is no sane way to rationalize the proposal
Nov 8, 2020, 4:56 PM
[ in reply to Who supports inherited wealth again? ] |
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that a person cannot give his/her property to someone else, that such a gift triggers govt ownership.
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Orange Blooded [4365]
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Re: There is no sane way to rationalize the proposal
Nov 8, 2020, 11:59 PM
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If you give me a gift of $1000, I have to pay tax on it.
The gift tax applies to the transfer by gift of any property. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive something of at least equal value in return.
What difference does it make if that gift was predicated upon your death
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