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I'm supportive of this. Children should not be held accountable for "the sins of their parents". My parents started charging me rent when I was 18 and told me
by bcheung 7y ago
I'm supportive of this. Children should not be held accountable for "the sins of their parents". My parents started charging me rent when I was 18 and told me I had to pay for college entirely by myself. I don't see why their income should be held against me.
- dmoy 7y agoFrom reading the article, I think the point is that these kids aren't actually supporting themselves, they're just made to seem that way on paper.
- martin8412 7y agoSurely their income from their parents is taxable at normal income tax level then?
- ohyeshedid 7y agoOnly if they give/receive more than 11.1 million over the course of their lifetime.
- dmoy 7y agoAnd that, only the amount over $30k/yr for a couple gifting their child.
- jkdufair 7y agoAlas there are some pretty generous tax breaks on gifts.
- cdmcmahon 7y agoYeah, that's not what's happening with the people in this story...