GOP estate tax repeal

newwurldmn said:
The son gets a market wage for his contributions just like any other employee would. There are actually rules about paying above market wages to family
members to circumvent gift tax laws.

If the equity the son inherits is above what non-family employee would receive for comparable contribution to the company then it would be hard to argue that was earned.
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It's interesting how liberals sit on their perch in the ivory tower and just assume that the son in this case works like every other employee. You really have no idea what it takes to run a company, do you? How can you say the son wasn't in the developmental or strategic planning to grow the company? There are many small businesses where the son works much harder for the company than the father. Many where the son is actually the defacto owner, just not in name. Then along comes the government to tax the son when the father passes simply because it passed that law.

You folks are shameless. Take from everyone you can, while at the same time never volunteering to give more.
 
A little "off topic", but

Double taxation of corporate profits
Progressive Income Tax Rates
Estate Taxes
Taxation of Social Security retirement income....

All just "greedy-grab" and IMMORAL! Shame on politicians.
 
newwurldmn said:
Inheriting a business or a farm isn't really earning it.

And I agree about certain termsand compelling arguments. I used the word "derelict" colorfully. How do you feel about the "more reasonable people" using the word "libtard?" There's only 1002 citations using the search function.
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You're placing it on the grantee when this all about the grantor. It's the grantor's money. He/she should be free to do with it what they want. Let's apply your logic to other things like a parent paying for a child's college education. Should that be a taxable event?

And I did not use the term you did.
 
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I saw this on Twitter and thought it might add to the discussion you guys are having here. About 60% of the wealth in America is inherited.
 
Here4money said:
Party of no entitlements they said
Party of fiscal & personal responsibility they said
Party of pulling yourself up by the bootstraps they said

https://www.washingtonpost.com/us-p...r-than-americans-year/?utm_term=.35749de9db53

Top GOP senators propose repealing estate tax, which is expected to be paid by fewer than 2,000 Americans a year

Three Republican Senators introduced a plan Monday to repeal the federal estate tax, moving to eliminate a tax on a small number of the wealthiest households just as leading Democrats ramp up calls to tax the richest Americans.

Senate Majority Leader Mitch McConnell (R-Ky.) joined Sens. Charles E. Grassley (R-Iowa) and John Thune (R-SD), members of the Senate Finance Committee, in releasing legislation to permanently repeal the federal estate tax, which conservatives refer to as “the death tax.”

The Republican tax law passed in 2017 already dramatically weakened the estate tax, allowing couples with $22 million to pass on their estates without facing the tax.
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Just say no to foreigners attempting to influence US voters and destroy US democracy by posting on social media sites. Are you really Russian?
 
Tsing Tao said:
It's interesting how liberals sit on their perch in the ivory tower and just assume that the son in this case works like every other employee. You really have no idea what it takes to run a company, do you? How can you say the son wasn't in the developmental or strategic planning to grow the company? There are many small businesses where the son works much harder for the company than the father. Many where the son is actually the defacto owner, just not in name. Then along comes the government to tax the son when the father passes simply because it passed that law.

You folks are shameless. Take from everyone you can, while at the same time never volunteering to give more.
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I'll PM you
 
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