Reply #16: "their own money"??? [View All]

[TahitiNut]

Let's see.

Large estates are comprised MOSTLY of untaxed/unrealized capital gains ... capital gains on assets which, if sold or transferred IN ANY WAY OTHER THAN THE DEATH OF THE OWNER, would be taxed at rates up to 20% or more.

If the deceased had EMPLOYED the beneficiaries and PAID them over a period of 5-10 years in an amount up to $5-7 million, that would have been taxed under the federal income tax at rates up to 35% or more.

Instead, the beneficiaries get up to $7 million TAX-FREE ... from the DEATH of the wealthy owner.

Taxes of 35% if the person WORKS for it.
Taxes of 20% if someone else works to increase the asset's value (i.e. capital gain).
Taxes of 0% if someone DIES?

Anyone who thinks that makes sense is just fucking STUPID.
An ignoramus.
Or wealthy and greedy.

Dick DeVos?? Is that YOU?? :eyes:

:puke: