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Bullshit Trump Says

 
Can you imagine the conservative outrage if Obama had tweeted at Fox News like that?
 
 
Trump wants us to have faith in him.
 
I am starting to change course on the estate tax. When you're a rich dude in his 80's, and say you die next year. Half your earnings get taxed from income tax and the next year half of whats left gets taxed again via the estate tax. That's pretty harsh.
 
palmab03 said:
I am starting to change course on the estate tax. When you're a rich dude in his 80's, and say you die next year. Half your earnings get taxed from income tax and the next year half of whats left gets taxed again via the estate tax. That's pretty harsh.
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Maybe I misunderstand it, but you only get taxed once. The money gets taxed when it’s someone else’s income, through inheritance.
 
bym051d said:
Maybe I misunderstand it, but you only get taxed once. The money gets taxed when it’s someone else’s income, through inheritance.
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For example, the owners of my company get taxed over 50% of their income from the company I work at. If they died 3 months from now, that same money would be taxed again at 50% when given to their heirs.

So they make $1MM this year, their family only gets $250k in 3 months. That's alot of tax.
 
palmab03 said:
For example, the owners of my company get taxed over 50% of their income from the company I work at. If they died 3 months from now, that same money would be taxed again at 50% when given to their heirs.

So they make $1MM this year, their family only gets $250k in 3 months. That's alot of tax.
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If they are actually paying 50% effective tax rate on 1mm you need to find another place to work toot sweet those guys are shitheads.
 
palmab03 said:
For example, the owners of my company get taxed over 50% of their income from the company I work at. If they died 3 months from now, that same money would be taxed again at 50% when given to their heirs.

So they make $1MM this year, their family only gets $250k in 3 months. That's alot of tax.
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as someone who stands to inherit some money, i don't understand the argument that heirs deserve anything
 
palmab03 said:
I am starting to change course on the estate tax. When you're a rich dude in his 80's, and say you die next year. Half your earnings get taxed from income tax and the next year half of whats left gets taxed again via the estate tax. That's pretty harsh.
Click to expand...

But he's dead.
 
bym051d said:
Isn’t the number 5MM?
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Their estates are already over the exemption, so we're talking about the money earned as they continue to work

WakeandBake said:
If they are actually paying 50% effective tax rate on 1mm you need to find another place to work toot sweet those guys are shitheads.
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Welcome to California, where we actually pay for all the shitty liberal ideas out there.
 
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