Comments by "Dan A" (@DanA-nl5uo) on "GOP Wants To Repeal Estate Tax While Stiffing Federal Workers" video.

So if your a pull yourself up by your bootstraps type please explain to me why you think trust fund babies deserve a free ride in life? Why should Paris Hilton never have to work a day in her life and use government funded services like police and fire departments public roads the list goes on? Income tax is how we pay for these services since she never earned a dime of money why does she get to freeload off the backs of tax paying citizens? The inheritance tax over 10 million is infact how we can limit these trust fund babies from taking advantage of the working class and force them to pay for some of the government services they use.
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The person who paid the income tax is dead once the estate tax kicks in. So in your system it must become income to the person who inherited it and thus qualify for an income tax? Paris Hilton never paid a dime in income tax on her money so the estate tax is the only tax she pays unless you believe trust fund babies deserve a free ride in our society.
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@fcdl61 the son will not have to pay anything in taxes because 3.5 million < 10 million. So as he has a zero dollar inheritance bill it will not be a problem to find zeros dollars. How many farms are worth $11 billion and a single son inherits it?
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@chazbennett8676 there is a gift tax before the person dies you pay far more and it starts at $15,000
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@fcdl61 you don't seen to understand how tax brackets work. I just looked up Bernie Sanders plan. The first 3.5 million dollars are not taxed at all so your son is safe. If his farm was worth 4 million dollars he would pay 45% of $500,000 because 4 million minus 3.5 million is 0.5 million. But in your situation since he inherited the amount that is the cutoff he pays zero in taxes. The first 3.5 million is not taxed.
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