Re: Trumpís tax cut is a big payday for his family

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Posted by Ed Gooding (VA) on November 05, 2017 at 08:49:36 [URL] [DELETE] :

In Reply to: Trumpís tax cut is a big payday for his family posted by Michael Tanglis on November 04, 2017 at 13:51:48:

The estate tax represents DOUBLE taxation. All the money in the estate is what's left AFTER the owner's have already paid income taxes on it. You libs say you love fairness. What's fair about taxing someone a second time just because they died????

Also, current estate taxes often result in a small family business having to be sold after the founders die so estate taxes can be paid vs. being able to pass the business along to family members who will continue to pay local/state/federal taxes and employ people, who will pay taxes on income and contribute to social security.


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