Quote:
|
Originally Posted by mcsluggo
no, it is NOT double taxation.
once and for all....
you
can
not
be
taxed
when
you
are
dead
<period>
the person inheriting is being taxed.
you know I paid this guy $40 to mow my lawn, and the govt took 4%... and then he used THAT SAME $40 to buy a carton of cigarettes and got taxed AGAIN <the sneaky bastards and their double taxation> |
The money when earned was taxed. It has not been used to buy anything. It is just setting there. Then because a different relative has it, you tax the same money again. IE the term DOUBLE Taxation on the same earned money.
You are focusing on the person, I am focusing on the money and how it is being taxed without being utilized for "gain". I have also stated that it is again taxed from the state level with a "sales" tax when used.
I am not taxed. If I don't make money I don't owe the government money. I am taxed by the government on the money I "earn"..........unless you are talking inheritance in which the money which they have already taxed when earned -- is taxed a second time without procuring anything because it changed ownership....ie inheritance tax.
It is still a double taxation of the money without the money being used to procure anything.
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