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7 minutes ago, mtangelsfan said:

It means they will steal money from folks who have worked extremely hard to do good for themselves so they can’t give it to their kids

Does that mean your kids have to pay a tax on your estate when they inherit it?

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34 minutes ago, arch stanton said:

Who would buy theft insurance for a 2010 Hyundai?

Kelly Blue Book still has it valued at the low end of around 4k. Comp insurance on that would probably run less than $100 a year. So it would make sense to have that coverage. 

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20 minutes ago, Jason said:

That seems stupid, especially if it's stuff you've already paid taxes on. I understand if it's some type of tax deferred account but how is that not double taxation? 

The thinking is the asset(s) may have appreciated and therefore a tax is due.

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21 minutes ago, Jason said:

That seems stupid, especially if it's stuff you've already paid taxes on. I understand if it's some type of tax deferred account but how is that not double taxation? 

The thought is that children don’t have a right to their parents work, the government does.

and since when do not pay taxes on interest gained?

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28 minutes ago, Jason said:

That seems stupid, especially if it's stuff you've already paid taxes on. I understand if it's some type of tax deferred account but how is that not double taxation? 

I think it's the same concept of, say you buy a car.  You pay taxes on it.  When you sell a 2010 Hyundai Sonata, even though it's only $100 tax, the buyer still has to pay taxes on it.  

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