In the U.S., the gifter has to pay federal gift tax. If you transfer a million dollar property, it will be taxed at 40%. Federal inheritance tax has an exemption up to $14 million.
pfried
joined 2 years ago
So, you can just distribute your wealth to your offspring shortly before your death.
And they would pay income tax on it, just as they do if you were to give your wealth to them before you die today. That is fine. Having property rights when you are alive is fine. Having rights to a dead person's property with tax avoidance is not.
When you're dead, you are incapable of making choices. Giving rights to dead people is an awful idea, and we should stop pretending it makes sense.
Good. Generational wealth is bad for society.
La Ville Derrière
He is the same as Sotomayor and Jackson according to many Lemmings.
Maybe I'm in a bubble, but I have never seen a single person make the "I have nothing to hide," argument. Not a single one.
When people post arguments against "I have nothing to hide," I always wonder who they're arguing against. It's never posted as a response to someone making that argument. It's always posted as a non sequitur like OP and this blog post. Maybe we should make a c/popularopinions community for these kinds of posts. "I think we shouldn't kill people. Is anybody else with me?" "I think having pizza is better than going hungry."
It originally had a public option, which wasn't in Romney's healthcare plan. That needed just one more vote to pass, but midterm voters decided to give it many fewer votes instead.
Also, literally a Democrat.
SEO doesn't mean that the site pays Google. It's exactly the opposite. SEO means gaming the Google ranking algorithm to appear higher in the organic rankings without paying Google. In the past, people would do this by creating link farms to game the page rank component.
There was one program that "spied" on Americans in his whole dump, and it was shut down after, so the opposite of what you said happened. (It collected all phone pen register data in the U.S.)