4 ms·

> Sorta. Inheriting cash is no different than being gifted cash. And you would have to report that as income. Right and I don't think gifts should be taxed ei

• taeric 5y ago
  On this, we'll just have to disagree. :( At some level, most (all?) money has already been taxed. Some entities can write off expenditures as a deduction. Most of us can't. Consider, my income had already been taxed. Why do I have to pay sales tax on purchasing something? Edit: and in case you fix on sale's tax being different from income. Payroll for businesses comes out of profit. Which comes from that same transaction. So, somebody's income is ultimately funded from a sales made with money that had been taxed.
• JAlexoid 5y ago
  Oh.... Cool! So I'll give you $200k as a gift and you gift me your house "as a gift" ;)