Replies to post #62288 on Zeev's Turnips Patch-No Politics (ZEEV)

[jetcityrandy]

Ha -

The inheritance tax is laughable, especially now, in hindsight, that our government is so incredulous that a citizen MIGHT have any assets remaining at the time of their death (having taxed that poor citizen(s) along the way) that the federal government feels obsessed in whacking another portion of money from the poor private citizen as a last goodby, or hurrah.

[Joe Stocks]

>>>Re: Inheritance tax - unfortunately you may have already paid taxes on that income but many people have not. Appreciation of assets doesn't generate taxes unless they are sold.<<<

I wouldn't have a problem if the assets were passed on at the original cost basis. I just don't see why my hiers would have to sell our family business to pay the tax man when I pass away. If they want to sell later let them pay the capital gains then.

Joe

[BobMcP]

SoxFan: IMO, inheritance taxes are an easy sell for two reasons: first, there is the thought that they help prevent the accumulation of wealth into too few hands and, second, dead taxpayers don't vote (well, maybe they do in Chicago and certain parts of Florida (g)).

Bob McP