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Some more propaganda victories by the right: "Inheritance tax is double dipping"- if you inherit a fortune in unrealized capital gains, the government essentia
by ouid 10y ago
Some more propaganda victories by the right:
"Inheritance tax is double dipping"- if you inherit a fortune in unrealized capital gains, the government essentially forgives that tax debt. I.e. if you were to cash out at that value, you wouldn't have to pay anything.
"Americans are obscenely litigious"- This, as far as I know, started with the McDonald's case. Since then there has been a steady stream of headlines of people successfully suing businesses for things that were seemingly ridiculous. None of these cases were as ridiculous as they were made out to be.
"The income tax credit on mortgage interest makes it cheaper for americans to buy a home"- The average monthly cost for a home is whatever the market says the monthly cost for a home is. And in fact, because the tax brackets are stratified, and the mortgage interest deduction is mutually exclusive with the standard deduction, more expensive homes rose in value more, as a result of the legislation, than less expensive homes.