Inheritance Taxes plus No Stock reset...

Should heirs get multi billion dollar stock inheritances free of taxation?

  • Yes - I support the current law. The kids worked hard and this is merit.,

    Votes: 3 27.3%

  • No - of course they should pay tax when they receive it.

    Votes: 8 72.7%
  • Total voters
    11
T. A. Gardner said:
No, I'm saying that if they inherit it and do nothing more with it, they shouldn't have to pay taxes on it.
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should all the companies be able to externalize all costs on the people through government.

like a a publc funded military who procures oil fields for private corporations.

that's fascsim bro.

you're an elitist Nazi.
 
T. A. Gardner said:
That is paper wealth. Until the stock is sold, it has no actual value, only an intrinsic one. I agree on the point that if the inheritors get it and they sell, they should pay on the full value of the stock at the price it was sold. That means if they sell for $1 billion, they pay taxes on $1 billion.

Where we disagree is that the stock should be taxed at it estimated value when it transfers owners due to inheritance. I see that as having no tax applied whereas you want to tax that transaction.
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LIE.

I said this ..

QP! said:
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So the kids could actually do something the Founders of those companies could not and that is liquidate all $1T in stock and pay zero tax.
...
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And you said this...
T. A. Gardner said:
Sounds like a great thing to me! Government did NOTHING to deserve a penny of that wealth. NOTHING! It is far more fair that the person(s) that made that money can decide what to do with it than government steal it upon their death and keep it while doing nothing to have earned a penny of it.
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Heirs could liquidate a Trillion dollars in stock with a Capital gains reset and not pay a penny in tax on that income to them.

something Bezos or Musk or Zuckerberg, etc could not do without paying the Capital Gains from the $0 cost base to the trillion dollar one.

That is free money for absolutely doing nothing in a way that makes ZERO sense.
 
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Poor Richard Saunders said:
Either have to pay an inheritance tax on all that wealth or pay the capital gains.

When the rich don't have to pay either, it means the rest of us have to pay more while they get their money for free.
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The rich don't get their money for free. They accumulate it at great personal risk and stress. Balls most of us don't possess.

You fucking losers all the time scheming to get something for nothing are a sickening lot.
 
QP! said:
That the guy making $50k should not be forced to pay tax on his income for it but the 3rd generation heir getting his $1B in income via inheritance does not have to pay one cent. He gets to utilize everything but pay for nothing.
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The Meek Inherit the Wind

The only reason that guy is making only 50K is that the incompetent HeirHead bullies can't make a profit except through wage-gouging. It's more than "not paying their fair share"; it's their total domination of the playing field, where they start at the finish line. Even from that position, which their HeirDads bribed the official to hand over to them, they are afraid that superior people will pull them off it, so they only let ploot-lickers get ahead. Brown-noses rather than brains, tail-waggers rather than talent.
 
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AMERICA FIRST said:
The rich don't get their money for free. They accumulate it at great personal risk and stress. Balls most of us don't possess.

You fucking losers all the time scheming to get something for nothing are a sickening lot.
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Bow down you little minion

They are your master

Lick their boots you lesser being
 
AMERICA FIRST said:
The rich don't get their money for free. They accumulate it at great personal risk and stress.

You fucking losers all the time scheming to get something for nothing are a sickening lot.
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Daddy-Moochers Are the Ones Who Freeload from Cradle to Grave

The heirs who get the money you Preppylovers refuse to talk about didn't do any of that; their Daddies did. But when Daddy is deceased, he owns none of it and has no say about what the rest of the country does with it. Unless you believe in ghosts, which is at the emotional and mental level of believing in inheritance, no harm will be done to the public by giving it to benefit the country.

HeirDads want to somehow live after they're dead. Their superstitious belief is that buying the success of their sons is part of that. Now they even set up their daughters ahead of talented Americans; doubling the power of the "heiristocracy" is the goal that enabled Feminism.
 
Poor Richard Saunders said:
When the rich don't have to pay either, it means the rest of us have to pay more while they get their money for free.
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After an HeirHead Meets His Guillotine, There Will Be Only Air Where His Head Used to Be

All the money Preppies get, they get for free. There should be a cutoff determined by what the average American gets. Also, abolish trusfunds, ban the Plutes from giving the spoiled-putrid brats an allowance in college and paying their tuition. Taking away that unearned wealth would pay for all of our present income-tax.

Not even the rich would have to pay taxes. Work on that angle and they'll quit blaming the government for taxing them. I myself won't give panhandlers a dime, I'm sure there's got to be a lot of resentment about the legalized panhandlers in the gated community.
 
QP! said:
About 1/3rd of Billionaires become Billionaires NOW via inheritance and not work.

A throw back to the age of being born of a Kings or other aristocracies family being the path to success and wealth instead of work and merit. It is an emerging Caste system in America.






Inheriting is becoming nearly as important as working​

More wealth means more money for baby-boomers to pass on. That is dangerous for capitalism and society​
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The Tumor That Takes away Our Tomorrow

This cancer has been here for hundreds of years. From the beginning, it has been weakening us and blocking our progress. It has reached the terminal stage now and can only be stopped by drastic action.
 
The Sage of Main Street said:
Daddy-Moochers Are the Ones Who Freeload from Cradle to Grave

The heirs who get the money you Preppylovers refuse to talk about didn't do any of that; their Daddies did. But when Daddy is deceased, he owns none of it and has no say about what the rest of the country does with it. Unless you believe in ghosts, which is at the emotional and mental level of believing in inheritance, no harm will be done to the public by giving it to benefit the country.

HeirDads want to somehow live after they're dead. Their superstitious belief is that buying the success of their sons is part of that. Now they even set up their daughters ahead of talented Americans; doubling the power of the "heiristocracy" is the goal that enabled Feminism.
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It is the worst lobbied for win government has given the Uber rich, imo.

Daddy gets his shares when he starts the company at $0 cost base.

Shares can now be worth $trillion and daddy only borrows against them so he can avoid capital gains tax.

Kid inherits them and govt gives a capital gains reset meaning the kid can now sell all $trillion tax fee (his dad could not) and will only pay tax on growth above 1 trillion.

It makes zero sense other then a gift to Uber rich for their lobbying bribes.
 
QP! said:
I do not necessarily agree with that nor taxes on home valuation increases that are not realized, unless we carefully carve it out for top wealth tiers and do it more in the form of wealth tax.

It will be those in the middle class often hurt the most by an unrealized Capital gains tax, if they choose to hold stocks in their savings or retirement portfolio, if they are forced to sell simply because of a paper gain.

I will use Meta to explain, albeit as a simplistic way, to do so.

b3or3k.jpg


Lets say a young couple put $25000 savings into Meta stock in 2020 at $100 a share getting 250 shares.

When it peaks in 2022 at $400 a share you would arguably owe about $15,000 in capital gains tax but your investment is worth $100,000.

You now are able to use that asset (stock) when buying a home, etc as a collateral consideration.

So now to pay your tax on this unrealized (not sold) stock, you are forced to sell about 40 shares to cover it. You are left with 210 shares.

When the price plummets to below $100 in 2023 your asset is worth less (it is lower price but you have LESS of it) and even on the full recovery back to near its peak, it is worth less.

You have hit this middle class pretty hard even in a case where the stock recovered. Now imagine a stock that does not recover after it plummets. Instead they just stay down for years on end. You paid the peak tax but have no asset or collateral value you can recover.
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"Rich Kids on Our Side" Is the Road Back to Serfdom

Commoners have to beware of their natural enemies pretending to be for us and against their Rightist fraternity brothers by proposing outrageous or counter-productive suggestions. It's all right with me if

Plutocrats get by through borrowing money using their present capital gains as collateral. But those who panhandle from Papa won't be able to do that, because they won't get any stock at all.
 
QP! said:
i would take that but i actually think that is not enough.

For some strange reason (lobbying) the government has decided that tax on people labor should get the highest rate. That when people work hard they should pay the most tax.

I feel the opposite. The people who work hard for their money should get a break and pay the lowest amount of tax rate.

Capital gains tax, inheritance tax, etc often being passive gained income by a person not working at all should get a higher rate IMO.

But sure, if it is all we can get than tax them equally as it is a crime (lobbying gained crime) to not do so as a minimum.
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Cast away Caste


Let the Preppies start with nothing. This present proposal (years ago suggested by Ivy Leaguer Robert Reich) is like only arresting rioters who commit murder.

Rich Kids have no right to exist. They've controlled everything, to various and ever-growing degrees, ever since the founding of the Ewe Essay.
 
QP! said:
It is because of American security and infrastructure and political system that most of the worlds top entrepreneurs want to build their company there as opposed to in Somalia or Turkistan.

You are stupid so you have no clue about any of that and just think they could build their corporations in any undeveloped, undefended country and have the same success.
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"Nepos of the World, Unite!!!"
 
The Sage of Main Street said:
Daddy-Moochers Are the Ones Who Freeload from Cradle to Grave

The heirs who get the money you Preppylovers refuse to talk about didn't do any of that; their Daddies did. But when Daddy is deceased, he owns none of it and has no say about what the rest of the country does with it. Unless you believe in ghosts, which is at the emotional and mental level of believing in inheritance, no harm will be done to the public by giving it to benefit the country.

HeirDads want to somehow live after they're dead. Their superstitious belief is that buying the success of their sons is part of that. Now they even set up their daughters ahead of talented Americans; doubling the power of the "heiristocracy" is the goal that enabled Feminism.
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Dads work hard to give their kids a good life. Sorry you are envious of them but that still doesn't entitle you to their stuff.
 
AMERICA FIRST said:
The rich don't get their money for free. They accumulate it at great personal risk and stress. Balls most of us don't possess.

You fucking losers all the time scheming to get something for nothing are a sickening lot.
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We are talking about inherited wealth, which is pretty much money for free. As for "great personal risk and stress", there is a lot of that in being poor.
 
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