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Reply #73: In the US, widows don't pay the estate tax. [View All]

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Eric J in MN Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-17-06 10:23 PM
Response to Reply #58
73. In the US, widows don't pay the estate tax.
It's after both parents die that their offspring pay it.
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  -Treat us like lesbians, say sisters in UK tax fight Thankfully_in_Britain  Sep-13-06 12:16 PM   #0 
  - That sucks  BeautifulLoser   Sep-13-06 12:17 PM   #1 
  - why?  dwickham   Sep-13-06 01:33 PM   #4 
     - domestic partnership  Alameda   Sep-13-06 05:28 PM   #5 
     - domestic partnerships are supposed to be in lieu of marriage  dwickham   Sep-14-06 02:21 PM   #10 
        - Anyone should be able to register a domestic partnership.  Xithras   Sep-14-06 06:04 PM   #13 
        - should anyone be able to get married?  dwickham   Sep-14-06 10:53 PM   #17 
           - Under united states tax code, adult, cohabitating siblings won't be  politicat   Sep-15-06 12:24 AM   #22 
           - what is a domestic corporation?  dwickham   Sep-15-06 12:42 PM   #23 
              - Love is not the concern of the state.  Xithras   Sep-15-06 02:43 PM   #24 
              - Absolutely. That is what marriage is.  politicat   Sep-16-06 02:04 AM   #27 
           - Yes.  Xithras   Sep-15-06 02:47 PM   #25 
              - It is all that Dame Theodora's fault  happyslug   Sep-16-06 11:33 PM   #47 
        - Why Not? n/t  qwertyMike   Sep-16-06 08:43 PM   #39 
        - I (male) shared a house with a guy  qwertyMike   Sep-16-06 08:51 PM   #40 
        - How do you know they chose not to get married . . .  toopers   Sep-17-06 03:21 PM   #64 
     - actually they did  dsc   Sep-16-06 08:31 PM   #37 
  - ...Well, I doubt no one warned this would be one outcome  Kagemusha   Sep-13-06 12:19 PM   #2 
  - I hadn't considered that as a possibility.  SandyPond   Sep-14-06 03:13 PM   #11 
  - Male and female roommates  heliarc   Sep-15-06 12:09 AM   #20 
     - It's different  Ravenseye   Sep-15-06 02:53 PM   #26 
     - Uh...  heliarc   Sep-16-06 06:49 AM   #29 
     - In cases of 'abuse' where roommates are just trying to get tax breaks  cryingshame   Sep-17-06 07:19 AM   #53 
  - But that would put the EU on the slippery slope to ...  damntexdem   Sep-13-06 01:31 PM   #3 
  - Next it will be giving tax breaks to people and their pets  whutgives   Sep-13-06 08:47 PM   #7 
  - Wait to this argument hits the US.  happyslug   Sep-13-06 07:43 PM   #6 
  - While I am 100% in favor of allowing gay marriage  MathGuy   Sep-14-06 01:47 PM   #8 
  - Well, the freepers think homosexuality is creepy  AngryAmish   Sep-14-06 01:53 PM   #9 
  - It didn't say that they were lovers  SandyPond   Sep-14-06 03:38 PM   #12 
     - Tina Turner  qwertyMike   Sep-16-06 09:01 PM   #41 
  - I don't think the problem is creepiness. It's logic. Marriage isn't all  1932   Sep-14-06 11:58 PM   #19 
  - The NJ Domestic Partnership laws allows any two adults to register as a DP  haruka3_2000   Sep-16-06 02:40 AM   #28 
  - Every adult should have the "pick ONE" option  SoCalDem   Sep-14-06 06:05 PM   #14 
  - Agree completely.  Xithras   Sep-14-06 06:09 PM   #15 
  - and the single man or woman who has an uninsured sister/parent  SoCalDem   Sep-14-06 06:12 PM   #16 
  - And please to keep the word "Marriage" out of it. Too many connotations  cryingshame   Sep-17-06 07:22 AM   #54 
  - You can only have two people in a gay or hetero couple. You could have  1932   Sep-14-06 11:44 PM   #18 
  - Change the tax law, if necessary  sandnsea   Sep-15-06 12:20 AM   #21 
  - I disagree.  1932   Sep-16-06 09:47 AM   #30 
  - A family home should not be taxes  sandnsea   Sep-16-06 01:26 PM   #32 
     - It's not the "family" home. Had it been the family home --  1932   Sep-16-06 05:13 PM   #33 
        - Is is the family home  sandnsea   Sep-16-06 05:33 PM   #34 
           - My point is, if it were the family home, they would have already owned a  1932   Sep-16-06 06:52 PM   #35 
              - The threshold for inheritance tax is £285,000  muriel_volestrangler   Sep-16-06 07:52 PM   #36 
                 - Since housing costs have increased  sandnsea   Sep-16-06 10:54 PM   #42 
                 - I'm not sure how wise it is socially and economically to let property  1932   Sep-16-06 11:09 PM   #44 
                 - home, savings, jewelry, heirlooms  sandnsea   Sep-16-06 11:31 PM   #46 
                    - If you want to argue that a million is just the right exemption and that  1932   Sep-16-06 11:41 PM   #48 
                       - Wow  sandnsea   Sep-17-06 12:36 AM   #49 
                          - I am very enthusiastic about accumulation of wealth  1932   Sep-17-06 08:37 AM   #55 
                             - We're not talking about rich people here  sandnsea   Sep-17-06 01:04 PM   #62 
                                - Ugh. The only way for working people to have security SHOULDN'T be  1932   Sep-18-06 04:36 AM   #75 
                 - No, this is precisely a matter of relationships  muriel_volestrangler   Sep-17-06 03:55 AM   #51 
                    - See my last post below.  1932   Sep-17-06 08:54 AM   #57 
                    - Your examples sound very unlikely to me  muriel_volestrangler   Sep-17-06 05:09 PM   #67 
                       - The bigger the house, and the longer it has been in the family, the more  1932   Sep-17-06 08:52 PM   #70 
                    - I just don't see it that way  sandnsea   Sep-17-06 12:52 PM   #61 
                       - Two friends currently have the choice of the lifelong committment  muriel_volestrangler   Sep-17-06 04:55 PM   #65 
                          - In the US, it's 99% of people  sandnsea   Sep-17-06 05:03 PM   #66 
                             - Currently, it's 6% of estates that pay some inheritance tax  muriel_volestrangler   Sep-17-06 05:18 PM   #68 
                                - Thanks  sandnsea   Sep-17-06 10:08 PM   #71 
                 - The parents could have set up a trust giving the daughters a life  1932   Sep-16-06 11:06 PM   #43 
                    - Yes, that is what they want - the option to create legal obligations  muriel_volestrangler   Sep-17-06 03:10 AM   #50 
                       - As I said, I don't think siblings should get tax-free transfers at death  1932   Sep-17-06 08:46 AM   #56 
  - I disagree.  1932   Sep-16-06 09:48 AM   #31 
  - I have much more sympathy for this couple  dsc   Sep-16-06 08:40 PM   #38 
  - Yes. Donate legal title to a charity and retain the right to live in the  1932   Sep-16-06 11:13 PM   #45 
     - that depends  dsc   Sep-17-06 05:45 AM   #52 
        - Just to clarify...  1932   Sep-17-06 10:58 AM   #60 
  - This Story Isn't What Some of You Seem to Think - It's "Death Tax" Time  Crisco   Sep-17-06 09:08 AM   #58 
  - I agree, and I'd just like to add two points.  1932   Sep-17-06 09:29 AM   #59 
  - Because couples BOTH contribute to the estate  sandnsea   Sep-17-06 02:46 PM   #63 
  - Dead People Never Lose What They've Worked For  Crisco   Sep-17-06 07:35 PM   #69 
     - And can afford to pay for that info  sandnsea   Sep-17-06 10:09 PM   #72 
  - In the US, widows don't pay the estate tax.  Eric J in MN   Sep-17-06 10:23 PM   #73 
  - The solution is to let them pay the tax gradually...  Eric J in MN   Sep-17-06 10:25 PM   #74 
 

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