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In reply to the discussion: Bernie Sanders: How to raise trillions without hiking taxes on working Americans [View all]pnwmom
(108,973 posts)37. Of course. But again, you're comparing a billionaire to someone with a few million.
And even that billionaire will leave his kids well off -- just not with the "massive inheritance" other billionaires might leave their families.
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Bernie Sanders: How to raise trillions without hiking taxes on working Americans [View all]
Donkees
Apr 2021
OP
Not only that, but by that same logic corporations shouldn't pay taxes
GregariousGroundhog
Apr 2021
#6
Exactly. Just like a tax on income and a tax on inherited wealth are two separate things.
Sibelius Fan
Apr 2021
#22
Hmmm, so if I understand your objection it is that money should only be taxed once.
AndyS
Apr 2021
#13
heirs who may not have worked for those billions.... only born into tremendous wealth
Trueblue1968
Apr 2021
#25
It is not a double tax. The deceased earned the money not the beneficiaries...and we don't need
Demsrule86
Apr 2021
#41
$500,000 is way too low. If you have a home that you want to pass along in my neck of the woods,
Dream Girl
Apr 2021
#9
Italy is the international poster child for the socio-economic disaster of government by oligarchy.
jaxexpat
Apr 2021
#19
So you want a class of people who never have to contribute a dime to federal taxes...
Hassin Bin Sober
Apr 2021
#26
Corporations will have no choice but to maintain profitability by raising prices
bucolic_frolic
Apr 2021
#14
........and the moment their pricing becomes insupportable, competition will correct them.
jaxexpat
Apr 2021
#23
Transaction tax: Why don't people have to pay sales tax when buying stock shares like everyone else?
rgbecker
Apr 2021
#20
"a progressive estate tax rate starting at 45% on inherited wealth of more than $3.5 million"
DFW
Apr 2021
#21
He's not talking primarily about taxing billionaires. People with estates greater than $3.5 million
pnwmom
Apr 2021
#27
It makes sense that someone with no kids who plans on leaving everything to charity wouldn't care.nt
pnwmom
Apr 2021
#35
Here's Why Warren Buffett Won't Leave All His Billions To His Kids: 'It's Harmful'
multigraincracker
Apr 2021
#36
Of course. But again, you're comparing a billionaire to someone with a few million.
pnwmom
Apr 2021
#37
3.5 million is just a starting point...2 million lower than the current exemption
questionseverything
Apr 2021
#39
You are correct, I forgot about the former guy more than doubling the exemption
questionseverything
Apr 2021
#42