Quote:
Originally Posted by BFT3K
The person who earned the money is dead. It is an inheritance tax. The person receiving the money did not earn any of it - that's how it is like winning the lottery.
When you sell a used car it is taxed a second time, and if you sell it again, then it is taxed again.
Obama's inheritance tax is a bit more than McCain's only after you hit the 3.5 million or higher mark.
If your relative dies, and you receive more than 3.5 million in inheritance, try not to cry too much - you will be okay.
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If you sell a car, you are selling it. If you give your money to your child, you are giving it.
Big difference.
Oh well, the rich will just find another way to spin the money to avoid the tax.
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