| Signalstar said: If he gets rid of the estate tax that is the ultimate tax cut on the rich. We should fight against that as hard as possible. |
Why exactly would anyone be for this ridiculous tax? Do you understand what it is? Lets say you worked for 50 years building a company like the HIlton, when you die you want your kids to inherit what you worked those 50 years for lets say its 100 million. That 100 million has already been taxed as income and is your money free and clear. When you die and will it to your kid, you would expect your kid to get all 100 million right? Why would the goverment be entitled to half of that money because you died? Better yet, why would your son now get taxed on that money as income? Wouldnt that be double taxing money already taxed? This law doesnt affect me since Im not rich and none of my family is but it is a BS law that is designed as a money grab for the goverment. Whatever you earn in your lifetime should be able to get passed down to your children 100%, the goverment is not entitled to any of it.
