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What about sales tax? My income has already been taxed.
by foo_barrio 5y ago
What about sales tax? My income has already been taxed.
- refurb 5y agoThat’s a separate transaction. When I die and give my home to my kid that’s not a transaction that a family home going to family. Or are you arguing that when a husband dies the wealth should be taxed before going to the surviving spouse? Or if you pay for your kids education (say college - they’re an adult) should that money be taxed?
- foo_barrio 5y agoMy mom already "owns" whatever money my dad makes and vice versa. They file jointly and have partnership+joint accounts. This has been the case for 40+ years. The money won't go to her when he dies. It's already hers. I see what you're getting at but that's a bad example.