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In what universe does paying tax on what you inherit equate to communism?
by namdnay 4y ago
In what universe does paying tax on what you inherit equate to communism?
- ROTMetro 4y agoWhen you effectively take someone's home for government benefit. People think that when they buy property they own it. You're model is more the China version. You don't own property, you only lease it from the government. Hence, your model looks more like the communist model than the traditional Western one.
- 8note 4y agoIt's basically the American model - if somebody isn't improving their land, you take it from them by force and sell it at cheap prices to people who will. That's why it's a bunch of white people with title now, rather than all being native americans
- seiferteric 4y agoInheritance = Income, and income is generally taxed. The fact that that inheritance might be real estate is irrelevant.
- namdnay 4y agoInheritance tax is paid by the inheritor, not the deceased. It’s not a property tax, it’s an income tax. If you’re lucky enough to receive a house as an inheritance, you pay tax on that, like every other income.
- scythe 4y ago>When you effectively take someone's home for government benefit. You mean like how all the Interstate Highways got built? Except that wasn't "effectively", it was literally.
- namlem 4y agoThe government isn't taking the house, a private buyer is purchasing it for its market value. Paying taxes on income is not communism lol.
- dexterdog 4y agoIn the universe where the tax was already paid on what was inherited, AKA this one.
- PaulDavisThe1st 4y agoThe tax is paid on the transfer, not the property. And, as has been repeatedly noted, for an estate of less than $12M, there is no tax at all.
- dexterdog 4y agoThe tax was paid on the money that paid for the asset by the person who paid for it and then passed it on.