What does Sup Forums think about inheritance tax?

What does Sup Forums think about inheritance tax?

It's a crime.
But nigga, just sell your home to your son for 1$ before you die.

alter...

>get taxed a second time for dying
It shouldn't exist.

The concept of inheritance is perverse in itself. Everyone should make their own fortune.

Like running in the woods and making your own stone tools?

inheritance tax is a bullshit commie scheme.

inheritance is a great system: Have too many kids? they have to split everything. Have just the right number: they inherit what you built to continue your genetic line/legacy.

Maul halten, Achmed. Geh ma besser ne Ziege ficken.

It's immoral.
He'll have to pay tax on the purchase. Which will be assessed by the value not price.

Interest rates, inflation, property tax, and inheritance tax are all usury. They all create a time value to money which necessitates constant unsustainable growth to prevent total economic meltdown.

>i attack with an reductio ad absurdum and he replies with an ad hominem

A mathematical necessity because billionaires make 10x more in a year off interest that you'll make in your lifetime

if you're inheriting billions of dollars you should have to pay the tax but if not it's fucking theft

Is that where you draw the line?

>Be American
>Get shot
>Pay taxes for dying

>coming to Sup Forums expecting anything else
newfag much?

>taking someone's money against one's will isn't theft

Yeah, sure

>billionaires

le fat richman scarecrow.

no, just pointing that out, you commie faggot.

Isn't the first $5 million you inherit excluded from being taxed?

but if you depress the value you can get it pretty close to $1 for him

protip

pretty meaningless at this point, 5 mil is pretty light for an entire inheritance. that number was probably fine in the 60s

Wait, this is news to me. There's a tax for passing down your stuff to your children?

>5 mil is pretty light for an entire inheritance

You would need to be in the top 2% of the U.S. population to have an estate worth more than 5 million.

Also, it's $10 million excluded if you are married.

kek.

>commie
>anti inheritance
it doesn't get more libertarian than this, m8

It's ridiculous. The idea that I can't even leave my family all of my stuff when I die, stuff that I worked and was already taxed for, is absolutely abhorrent.

When the state isn't involved my affairs, I can give my property to whoever I like. Most people like to give it to their children. So? It's only lefties who want to equal the playing field my taking everything away from you.

>it doesn't get more libertarian than this, m8
>forcefully taking everyone's stuff and deciding what they can and can't do with their property is libertarian
WTF are you smoking?

but nobody else deserves a dead person's wealth. especially the state and the society.

you work hard for years and when you die those parasites want to leech and divide what you've made. I'd rather burn everything I have than let the lazy society benefit from what I've made.

It's fine. I don't know why people want these families to just hoard their wealth for generations like we're back in feudal times. You faggots all complain about Soros and Rothchild and all that shit. Yet you want them to have a never-ending legacy?

I hope this is some fukin bait

>government gets to take half your wealth after you die because FUCK YOU.

it's dumb, and an obvious social-engineering mechanism to prevent generational wealth, which is one of the few mechanisms the goy have left to rise above their masters.

>implying the soroses and rothschilds of the world would be effected by this


good goy.

its the soroses and rothchilds who specifically dont want you to get generational wealth because then you might be a threat to them 100 years in the future.

Your dumbasses aint gonna have 5.45 million to leave.

>we should fuck over 330 million Americans because there are 25 incredibly wealthy billionaires in the country
>they don't offshore their wealth anyways goy, so we'll definitely be able to tax it

Eat shit you fucking communist, out the helicopter you go.

Amen brother.

>>we should fuck over 330 million Americans because there are 25 incredibly wealthy billionaires in the country

99.5% of people are unaffected. You're fucking retarded.

I forgot they have super secret protection.
330 million Americans don't have 5.45 million dollars fuckwit.

He did 40% and less of the work required. From his daddy. And 40% from his daddy. And so forth and so on. Don't you know what is a fucking mortgage?

>implying
Currently, fifteen states and the District of Columbia have an estate tax, and six states have an inheritance tax. Maryland and New Jersey have both.[38] Some states exempt estates at the federal level. Other states impose tax at lower levels; New Jersey taxes estates beginning at $675,000.

Plenty of states do this garbage because the cuck federal government does it too.

WE COULD IF OUR FUCKING INHERENTCES WERENT BEING CUT IN HALF YOU STUPID KEK.

Yes senpai

All that hard work to give your kids a leg up in life in part belongs to the government when you kick the bucket.

>330 million people live in New Jersey

Oh god this damage control. Can you move those goalposter faster faggot?

>one day, son, you will get most of everything I own and won't have to work a single day for it.

Inheritance tax is fine. Make the spoiled shits actually work for a living.

...

>I forgot they have super secret protection.

REMEMBER WHEN YOU GOT YOUR SOCIALIST HEALTH INSURANCE SCHEME AND CONGRESS WROTE INTO LAW THAT THEY AND THEIR FRIENDS DIDNT HAVE TO BE FORCED INTO IT LOL. SUPER SECRET MY ASS. THESE FUCKS HAVE BEEN WRITING THE LAW FOR THEMSELVES FOR A HUNDRED YEARS AND DUMB GOYS LIKE YOU STILL DONT GET IT.

No wonder they all got stuck on that bridge.

speak for yourself loser

Unfortunately doesn't apply to me.

The Inheritance Tax on any estate less than 5 million dollars in the US is zero.

>i need to give my kids handouts cause i can't teach them how to get rich
Sad

Hey son, due to the fucking commie government we have to depress the value of the home I'm giving you. Grab a sledgehammer we're trying your child hood home into a hovel

You're ignoring the fact that all American citizens could be affected by this because I only cited one state?

Still, I'll concede that you're correct; I doubt (after reading a bit more on estate taxes) that it is probably doesn't affect all citizens. Nevertheless, it's still horse shit.

Off the top of my head, is this not a way for the Federal Government to more or less steal land from farming families who have large swaths of land but cannot afford the state tax after the death of their parent(s)? I know several people who have land here in Wyoming valued over 5 million.

Why the fuck should billionaires have to pay taxes? We should bow to them and obey our billionaire globalist overlords! Amirite fellow right wingers!

Raise inheritance tax and lower income tax. We need to reward people who work hard, get useful degrees etc., as well as encourage spending into the economy.

...

Exactly what am I supposed to be working for in life if I can't leave my descendants what little I managed to earn?

>paying taxes on money that has already had taxes paid on it
It's fucked up and I don't like it.

Your thinking about it wrong leaf. It's about giving your kids and your family an advantage over others.

Would you be cool with your hard earned cash going to niggers and abortions rather than to your successors?

using complex words at a spaniard... what do you expect?

Kys faggot, the wealth I worked hard to accumulate doesn't belong to the government, they've already taxed it multiple times. It should be mine to do with as I want, especially if it's going to my children.

Not everyone has your jewish values. Stop asking for rewards for being lazy and incompetent and teach your children not to be useless fucks maybe.

If I did my job as a parent my physical assets wouldn't mean anything because my kids would be able to make their own money.

Good, good goy. Keep barely keeping your head over-water generation after generation. Meanwhile we just climb and climb using our ancestors' wealth as stepping stones toward owning this world.

Fuck off dumbass, all of my efforts were for my children in the first place. This stupid modern notion that you have to start from scratch each generation is fucking retarded. If you hold that principle then you shouldn't be allowed to live in this society either since you're inheriting the efforts of those who came before you.

Money = freedom and security

I'm not saying greed should be a virtue or that you shouldn't spoil them, but more money will always be useful.

You can't in France. Before a house transaction, you have to file a document to the administration saying how much do you want to sell your property. If you say something like 1$, then the State has the right to ask you to sell to him instead of your son / brother and it is compulsory to sell it at this price.

They already pay more taxes than you ever will in 100 lifetimes

>wah my parents didn't know how to save money so no one should get any
Please explain how a second tax on a gift you're giving your children after you die is a reasonable thing
You can't take it with you
The only thing that can be done is to give it away but you have to pay some secondary exit fee?

Not if I get the government to take your assets from you via the estate tax

Of course goy, you totally have that power, hehehehehehe!

True in absolute terms, not true in relative terms.

Yeah, I knew it wasn't possible even though I didn't know the exact regulation. This is fucked up, man.

Fun fact: in Germany the terms of payment of your inheritance tax could be negotiated if you inherit a company—which makes sense, because though the nominal value of a company might be in the millions, most of that value comes from machines, inventory, patents, and other illiquid assets needed to run the company.
The company would have to turn years of profit to pay off the income tax, and to reflect that, the payment could be stalled or broken up into smaller pieces.

Some time last year, our constitutional court ruled that this arrangement is unconstitutional, because it's unequal. It's unequal and unfair to treat company owners any different from other heirs, and the legislature must amend the law to get rid of this option.
When they do this, this means that when you inherit a company, you immediately need to cough up millions in cash. In effect, people who now inherit a company will have to liquidate it and shut it down, take up massive loans, or sell the company to some investor, all just to pay the inheritance tax.

This might well herald the death of smaller German businesses, unless they find any loopholes around that.

I don't NEED to do anything. But the State has ZERO RIGHT to decide what I do with my stuff.
>putting goverment over family
You'll be the first to hang in the leaf revolution.

The state has a gun to your head user. Accept it or we the poors pull the trigger.

Perfect.

>final year before your death
>liquidate assets and bring your worth down to less than 5mil in hard assets
>buy gold with all the cash, and stash it somewhere
>have sealed instructions on where to find it, that go to your kid after you die.
>if your kid is smart he can go find it and use it to get even wealthier

Alternatively, you can retire to a country that doesn't have inheritance tax before your death and leave everything to your kids there.

INTER

DIMENSIONAL

BLOOD SUCKING

VAMPIRES

globalists win again

Do you have a fucking bone in your brain? Keeping what is already mine isn't a "reward." You lobbying the state to take what I worked for and passing it around as a handout is the "reward." You're the lazy incompetent fucker who doesn't want to make something for himself, not me or my children. Myself and my entire community became wealthy within only 30 years of being in the west, you've taken the same opportunity and thrown it away.

Why should I bother to accumulate wealth if my children don't benefit from it?

An effective way to talk about this to a leftist is to ask them if they think people should be taxed twice for the same thing. You get a job and earn some money, you pay taxes on that income, but then when you die you have to pay taxes again on that same income. That's essentially what an inheritance tax is

Oh here we go, it's some nigger whose parents handed him money pretending that he deserved it.

Never saw myself saying this, but the Kraut is right. Civilization is built on the foundation set by others. One person can only do so much in their lifetime, but more can be done by combining lifetimes. By building on the success of their fathers, men can continue to progress, rather than have to start all over.

It should only be applied to the wealthy imo. Some fucker worth 500 million giving all his wealth to his dumbass kid while there are others who need that money more? Fucking absurd. Taxing some blue collar guy's house who wagecucked for 40 years to afford it? I don't see any sense in that. A good cutoff would be 5-10 USD million net worth.

CPA here. Worked in public for my first 2 years after graduating. You are right on principle, but taxes need to come from somewhere and the dead are the easiest to tax.

I believe the limit is almost 6 million $ now so it this tax only hits people who have over that amount of assets to pass onto their descendants. You can also plan around this so much. For example you can give away 14k worth of cash each year to any amount of people tax free and it wont affect that final $6ish million estate at death.

So obviously it only affects the extreme wealthy.

You can spend money on your kids while youre alive and afford them the best education and opportunities and if $6 mil isnt enough for them to survive well then you hardcore fucked up as a parent.

My first internship at EY was doing Partners kids returns. These 12 year olds had passive income of over $1 million a year. Its disgusting the excess.

Too much income disparity is bad for a society and the middle class is already almost destroyed. Its almost unjustifiable to me that trump wants to repeal the estate tax because it exists so that dynasties dont get established which they already do. Obviously Trumps children are all successful in their own right. They dont need all that inheritance.

Owning assets is a privilege, not a right. You'll find out why soon enough.

My parents didn't hand me shit you dumbass, there was barely even food on the table throughout my childhood because we started with nothing. If anyone is a nigger its a poor lazy faggot unwilling to work like you.

>LEAF

Sure thing nigger

Thrice (or more), actually.
Your income is taxed, then you pay value added tax, if it's a building you also pay real estate tax every year, and finally when you die your children need to pay a hefty tax on it AGAIN.

Talk about a post of greed. Let me guess, you should get a portion of that $500mm right because you need it more?

Until you get farming families who have hundreds of Acres valued at 15 million. Then what? The fucking government rolls in, says "hey man give me 40% of that. Oh you can't pay it? Well you're fucked, maybe give me some of that land instead?"

>Encouraging double taxation because you are bitter that you're not rich
Sad

i bet you also believe that if you start your own business, you didn't build that

Who's greedy? The guy dying of thirst in the desert asking for a cup of water from the the guy with 1000 gallons of it? Or is it the guy with the 1000 gallons?

We can do this the easy way or the hard way. Your choice.

>Be Marie Antoinette. 1793.

>"My family worked hard to get here and played fair by the rules and paid taxes for all its wealth! Why should I have to be taxed twice??"

Money makes more money while the poor stay poor. Thats just the nature of the economy. Its fine to a certain point but there has to be ways of limiting that factor.

How else do you want to fight income disparity or do you want an upper class and lower class exclusively again?

>this

How many times is the gov't allowed to tax your dollar?