"Western Chauvanists" they call themselves

We paid for the roads, the government doesnt build shit

Trump or Schumer isnt operating the drills on I-95

No president can take credit for the economy because the economy is infinitely more complex than one President, whether youre Jimmy Buffett or Warren Buffett /no one/ knows where the market will turn

HOWEVER there is constant near 3% growth, more unfilled jobs than before and the lowest unemployment rates since the 1960s, with less people on the dole, and part of that can be attributed to the admins hands off approach to regulating the shit out of the economy

That Trade War shit is stupid though, all the orange man has to do is open his dumb boomer mouth about tarrifs and the economy takes a shit

Providing taxation is not excessive and citizens get out what they put in, progressive taxation can work.

There are services that people pay into yet get nothing in return, in the USA at least, it could be public schools, medicare, medicaid, unemployment benefits, not to mention social security which no one under the age of 35 is getting access to because both parties wont face facts to admit its broke

^Disagree

Im not against taxes

Things like the Death/Inheritance Tax are immoral though

Are you allowed to say naughty 18+ words on this service?

*server

Okay what about middle class people who get hit with a death tax, why should a family whos been through a death have to worry about giving money over to the government, we plant trees so our children can admire them, if you are not allowed to give that money over to your children, I can assure you people will find a way around it (specifically the rich) while mommy and daddy making 50K a year have to pay extra because grandma died

I dont even know what youre arguing about atm

But what are you trying to say?

Your fathers income was already taxed

Its a double taxed income

You really think tax accountants arent going to find a way around this?

I can assure you people will work less and slow down economic growth if they know theyre going to give away a significant portion of their income to the government to buy votes in inner city slums with housing projects

The ones who pay 80% of US taxes right?

No, im talking about the ultra wealthy

Who pay 80% of the taxes

Youre basically creating capital flight

Tell me how this income isnt double taxed? If it comes from a payroll its been taxed already

Its been filed under a Scheduled tax return

Why do you want to double tax people

I thought left wingers were the compassionate ones

So now youre talking about confiscating private citizens wealth

Thats not tyrannical

For bad behavioir

You cant tax income once a scheduled tax return has been filed unless there has been fraud committed,

Also thats pretty much a violation of the bill of rights

Ammendment 6

8th

Okay well i guess we can give up freedom of assembly then

No searches or seizures

Yeah since theyre in such poor financial shape maybe we shouldnt hit them with another inheritance tax

The average inheritance in america is 175K

Thats

Huge

Median is 80K thats 2 years salary the inheritance tax is massively unpopular because they dont want to pay for your unemployment benefits

Theyd rather keep their own money because bureaucrats are inherently corrupt

Hold on

NewRetirement

Average Inheritance: How Much Are Retirees Leaving to Heirs?

 Editorial Team

 

 2 years ago

 Categories:Estate Planning

Many of us would like to leave behind something to our heirs.  But, first things first, we need to fund our own lives in retirement and that can sometimes seem nearly impossible.  This article explores average inheritance numbers.  Do you expect to be above or below average?



The Big Takeaways

Sharing while you are still alive can be as impactful as building up a large inheritable sum.

Be realistic and don’t forget about your own needs when it comes to your end of life wishes.

You can quickly find out how much you’ll be able to leave to heirs with the NewRetirement Planner.

Average Inheritance in the United States

Different studies suggest different levels of average inheritance.

According to a 2015 HSBC survey, American retirees expect to leave an average inheritance of almost $177,000 to their heirs.

The Survey of Consumer Finances (SCF), reported that median inheritance was $69,000 (the average was $707,291). For trust funds, that median wealth transfer was way, way higher — $285,000 (and the average was $4,062,918).

A new study by United Income,CEO Matt Fellowes looked at how retirees feel and how their spending levels change during retirement and found that:

The average retired adult who dies in their 60s leaves behind $296K in net wealth,

$313K in their 70s, $315K in their 80s

$283K in their 90s

I just gave you the source you should read it

CSF

The inheritance tax polls at sub 30%

And no one is in favour of giving money to a bunch of poor retards who cant manage their finances

Polling was accurate for 2018

National polling was within 1%

And state polling was within the margin of area

Another chance to make you look stupid and uninformed

I get that you love giving money to daddy government

I dont know what youre even talking about

The dishonest one is you just admit you hate anyone who isnt poor you hate the rich especially

Maybe envy

Jealous IDK

Great then you can give the government some of that cheese when you plotz

You got kids or a wife?

And be honest

Okay when your ugly nephews die you can explain on your death bed that muktuk in the inner city needs it more than they do

Well no one can be in as advantageous a situation as you,

You tard,

The inheritance people get allows them to pay off debts, buy a car, etc

To penalize that inheritance with a tax directly affects the least well off

Democrats buy more lottery tickets on average

The people who buy the most lottery tickets and gamble the most are also 18-29 year olds

People who dont know a whole lot about economics

Gee I wonder which party the majority of them vote for 18-29 year olds

The one that promises them the economic rainbow and burys future generations with debt

$21 trillion and counting, both parties are to blame, but one party is promising the free shit

I suppose ill just ask my financial planner if they bought any scratch and sniff tickets then,

"People assume risk when they consult with financial planners at a bank, it's just like a casino game",

Thats beside the point though

^Very debatable

However

Youre saying on one hand, an inheritance tax wont limit the investments and savings and working potential of someone before their death

Yet...

I can assume one of your reasons why you support it is because layabout sons and daughters will inherit and wont be incentivized to work , invest etc

Thats an inherent contradiction, but besides that, will you at least acknowledge that if you had an estate tax of some magnitude, the least well off would foot a grand portion of the bill

Since they least know how to avoid this tax

An inheritance certainly helps especially paying for funeral expenses

At the very least

80K a year

I just showed you

Median

Average 175K

Yeah half the population

....

Thats literally half the population, not all of those are your fantasy evil men in monocles

People buy life insurance policies and invest to put aside for their future possibly their deaths

I dont even get your argument youre saying that unless youre a literal hobo the tax wont affect you

Lets expand it out

What is it like half the us population is 1 paycheque away from.bankruptcy

3/4ths have credit card debt over 20K

A lot of those could use some relief

Yeah

A little grandma present

Would be great about now