Bernie Sanders to propose dramatic expansion in estate tax on richest Americans

[Hassin Bin Sober]

48. For starters, your $3.5 million dollar business is one hundred percent exempt.

Ok ok , now I suppose your hypothetical is $5million?

He only pays tax on $1.5 @ 45%

Cry me a fucking river if he has to pay $675,000 in tax on $5 million. And if he can’t raise 675k then maybe the business should be liquidated.

If I won a $5 million dollar lottery tomorrow my tax bill would be way higher.

All these nonsense hypotheticals aside, why should trust fund babies get to go through life and never pay a dime of income taxes on money they receive.

And before you say it, the people who bought lottery tickets that funded my hypothetical winnings payed income tax on that money.

As did my real life customers who pay my salary/income. That’s how taxes work. For some reason I can’t cry about my income taxes because my earnings came from already taxed dollars. Funny that.

They get a big fat exemption that by itself could set up a moderately comfortable life. After that they should pay.

Not to mention the handful of trust fund babies I’ve known manage to live a pretty comfortable tax free existence while their parents are alive - with family homes and family compounds and corporate jets and corporate condos.