Message #28176

[Kilika]

So what happened to the inheritance tax? Are they now calling it an "estate tax"? Or are there still both taxes?

There should be neither tax, and definately not at any rate near even 35%. That's just unacceptable, because based on what does the government get the idea to tax such things, and at such a high rate? It's theft plain and simple, especially when they have been taxing at such high rates and they still can't manage the tax income they get.

I never have understood how the government can lay claim to taxing something that is passed down to relatives, at any rate.

Same with taxing prize winnings. Where in the world do they get the idea they get any portion? It's not like people are trying to hide regular income! And it's surely not a scam to avoid paying taxes. It's not a set income at all, but a freak windfall, and the feds think they should get a cut at rates as high as 30-60%? That's just not right in any way. These kinds of things should never be taxed, like Canada. It's once in a lifetime at best, let people enjoy a moment for crying out loud!

All that stuff has already been taxed many times, and the property tax is due every year, but then that tax money doens't go to the federal government, it goes to the state, and I guess the feds want their cut, whether they are entitled or not.

All that federal tax taken from people, only to turn around and give it right back to the states in various forms of "entitlements" just makes no sense to me at all. But that's socialism for ya!

Take, take, take, and then get it all in a big federal pile, and start giving it back sparingly as they see fit. You pay in and pay in, only to see that money be given back out to somewhere else completely unrelated to your own situation. If that isn't socialism, I don't know what is!

It shouldn't, but this kind of stuff makes me so mad!