I just learned that there is a (((gift tax))) and an (((estate tax)))

[Anonymous No.54316132]

If your parents pay taxes on your behalf it counts as part of your (((gift tax))) limit. When you inherit the estate you pay an (((estate tax))). Fuck me.

[Anonymous No.54316142]

>>54316132
You vil own nozzing goyim

[Anonymous No.54316149]

>>54316132
You can thank the English for inventing all these taxes and starting this retarded trend

[Anonymous No.54316194]

>>54316132
We can complain about this tax-shit till the crows come home, but the simple fact is - well, let's not be prejudicial; one might scornfully say that we are slaves, but more neutrally, we're like livestock, with the government being the farmer. It's a rather incompetent farmer not concerned with the sustainability of the farm, which is why the only two things he really does, long-term, is to raise taxes and print money, but nonetheless. It doesn't matter how unfair this or that tax is, the point is that you're treated like a resource to be exploited to its fullest possible extent.
>education? 300K tuition because the loans are government-guaranteed
>student-loans? non-dischargeable by bankruptcy, bond-holders need their SLABS money
>intimate relationship? toxic sexism, good money can be made off complaining about that [though, in fairness, we are also "toxic"]
>earning income? payroll tax, income tax, social security tax, ESG tax, carbon tax, pension tax
>gifting? gift-tax
>creatively try to get around taxes? prison [unless you have a good lawyer]
>dying? death-tax
If you have it, they'll take it, and you don't get anything in return, because you can be controlled just as easily by having hopes and dreams dangled in front of you, which is much cheaper than the provision of actual countervalue.

[Anonymous No.54316221]

>>54316194
It do be like that. They harvest our time and energy like the machines in the matrix. while the media has everyone concerned with nonsense

[Anonymous No.54316358]

>>54316132
>im angry at a tax that only exists for millionaires
Why?

[Anonymous No.54316471]

>>54316132
>(((estate tax)))
First $4M is not taxed.

[Anonymous No.54316514]

>>54316132
Huh?

[Anonymous No.54316523]

>>54316132
Wait I need someone to dumb it down... how can it be on your behalf if the estate is not under your name?
If it is under your name, couldn't your parents have had it under their name and NOT have it under your name UNTIL you were ready to pay for the taxes reliably?

[Anonymous No.54316630]

>>54316523
The parents own their stuff until they die. After they die the stuff is still in their "estate." If the value of the estate is over $4m then the government takes a chunk. It's still not yet the kid's money.
If the estate was properly set up the kid will get the money after a few months of paperwork.
If the estate was set up poorly, fucking lawyers will jump in and claim that there may be other unknown inheritors besides or instead of the kid, and they'll drain a good chunk of the estate in legal fees searching for non-existent inheritors.

[Anonymous No.54316712]

>>54316630
Fucking JEWISH

[Anonymous No.54316731]

>>54316132
Buy their estate for 1 euro before they die.
Ofc, don't fuck them over and leave them to do with the estate as they please till the day they are gone. Maybe rent it out to them for 1 euro if needed
Pay for a nice trip to the Austrian Alps, Northern Italy, Vatica, Istria or Dalmatia because they should travel a bit before... you know

[Anonymous No.54316760]

>>54316712
Yep.
There are ways around this shit, called "estate planning."
One way is to create a Living Trust. Parents put all their assets in a legal entity which they control until they die, then the kid controls it. The Trust lives beyond the parents. But to set up a trust you need to spend about $1200 on a fucking lawyer. Again they take their cut.
Another way is for the parents to hold title on every asset with a special clause, "Transfer on Death" or "Payable on Death," which specifically points to the kid as inheritor. These clauses can be put on virtually any asset: bank account, investment account, automobile title, real estate.

[Anonymous No.54316780]

>>54316731
>Buy their estate for 1 euro before they die.
If the price differs too much from the market price the government will call it a gift, which is way worse than estate tax, because the exemption on gifts is around $10k while the exemption on inheritance is $4M.

[Anonymous No.54316816]

>>54316760
ahhh righto, so that is how 'Trusts' work. i always wondered. what other shit goes on with trusts, like how are they such great tax dodges and why do rich cunts always have trusts?

[Anonymous No.54316837]

>>54316816
I only know a little about living trusts. I don't know anything about charitable trusts and other tricks of the rich. I guess charitable trusts work similarly except that there's no inheritance tax no matter the valuation of the estate and that some fraction must be spent yearly on "charity." broadly defined.

[Anonymous No.54316845]

>>54316837
no worries. thanks, i'll have to do some digging of my own.

[Anonymous No.54316863]

>>54316845
If you're digging for info on estates less than $4M and you're in the States, have look at https://www.nolo.com/legal-encyclopedia/ways-avoid-probate

[Anonymous No.54317130]

>>54316194
Well said.

[Anonymous No.54317155]

stop paying taxes. they don`t go to public services, they line the pockets of pedophiles who practice black magic.

[Anonymous No.54317233]

>>54316760
Anon, do you know how to avoid paying taxes to the UK with a US -created trust? Say it is an irrevocable trust. Will an irrevocable trust prevent the UK digging their hands in?

[Anonymous No.54319511]

>>54316194
mama dies and leaves me 10mil estate, definitely gonna pay taxes on that right? wrong. retards, it's not that bad

[Anonymous No.54319531]

>>54316194
We need to elect this anon into power.

[Anonymous No.54319558]

>>54316132
Estate tax is for values over something like 10.4 million you fucking moron

[Anonymous No.54319571]

>>54316358
Same reason he’s mad about taxing billionaires lmao. He’s a trickle down Goy.

[Anonymous No.54319828]

>>54316132
And if you refuse to pay, the government will invoke Eminent Domain: laws that say the Feds can confiscate anything of value owned by a criminal.

You'll not only lose the tax money, but everything else too.

[Anonymous No.54319985]

>>54316132
There are so many loopholes around that shit you retard kys.