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Response to Cold War Spook (Reply #5)

Thu Jan 31, 2019, 07:51 PM

30. Good answers. I can't believe I wrote that. No more Family Feud.

 

The thing is I don't like the idea of someone building up a business and then have an inheritance tax when they die even if it stays in the family. So the old man dies and the son inherits it. Has insurance to cover the tax. Then His son inherits it and he has to have insurance. Then his daughter inherits it and she has to have insurance. What ever their income from the company, they pay income taxes on it. And the government collects the tax every time. I feel the same way about people having to pay income tax on a portion of their Social Security under certain conditions, but only if it is income from working, not investments. Nobody should have to pay taxes on Social Security, for one reason, for a certain number of years, they are just recouping what they paid in.

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LineLineReply Good answers. I can't believe I wrote that. No more Family Feud.
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