this post was submitted on 14 Jan 2024
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[–] [email protected] 65 points 7 months ago* (last edited 7 months ago) (4 children)

It's amazing how many Republican voters foam at the mouth about inheritance taxes when it won't ever affect them or anyone they know. Temporarily embarrassed 14-millionaires.

[–] sugar_in_your_tea 29 points 7 months ago (1 children)

It's one of the few taxes that I think are completely valid. When you're dead, you don't need your income anymore, so there's really no negative impact to you. Yeah, it impacts your heirs, but you can provide for them in other ways, like paying for their education, giving them gifts while you're alive, etc.

[–] [email protected] 26 points 7 months ago (1 children)

Let's not act like they don't get anything, it's just taxed.

[–] sugar_in_your_tea 13 points 7 months ago

Yup, and current rates are quite reasonable.

[–] [email protected] 9 points 7 months ago

If you read into it, it's even crazier. Imagine you have a wealthy couple with 3 kids. Each kid can inherit $13 million from each parent. So if things are done right, there won't be any inheritance tax unless this hypothetical couple have over $78 million (and there are other steps to increase that amount even further).

I'd sure hate to drive those poor millionaires into poverty with that inheritance tax.

[–] [email protected] 5 points 7 months ago (1 children)

I knew a guy who would become irate about any discussion related to taxing the wealthy because he was convinced he's going to be a millionaire. I told him that the taxes we were discussing were for billionaires, so he'd have to make a million dollars, and then do that again one thousand more times to be impacted, and his tiny little brain couldn't understand. This entire conversation took place while he was on welfare and receiving food stamps. When we had a lifelong friend come to town after being away for 10 years, he didn't have enough gas money to come over and visit. But he was always furious at anyone who suggested taxing the billionaires, and constantly upset at "all those moochers" on welfare.

[–] [email protected] 2 points 7 months ago (1 children)

he was on welfare and receiving food stamps [...] and constantly upset at “all those moochers” on welfare.

I... I can't imagine living with this level of dissonance in my own head. I take it his perspective is: "my situation is temporary, theirs is a choice?"

[–] [email protected] 2 points 7 months ago

Pretty much. He deserved the assistance because he was a hard working, red blooded American, with a plan. All those other people on welfare were lazy moochers. I tried to explain to him that most people on welfare are the same as him. People with jobs, who work hard, and are trying to get ahead in life, but he was certain that wasn't the case.