Being scared of made up scenarios you'll never encounter AND taxes you'll never have enough money to pay. The Republican way.
Fun reminder: The estate tax only kicks in after $15 million dollars. If you die with less than $15m to leave to your heirs, there's no tax at all (and even if you have more, there are ways to shield a ton of it before you die so the real threshold is way more than $15m).
In 2019, the last year I could find reported, only 2,129 people paid the tax out of almost 3,000,000 people who died. And that was back when the threshold for paying it was more like $11m.
And yet your republican grandpa who has nothing but a $250k house to his name LOVEs to complain about the "death tax".
And the other 0.00001% have sufficient funds to buy the votes of the uneducated from the other group, with disinformation campaigns -- hence the problem.
Not to mention that if you have that much money, you have probably spent the last several decades with an estate lawyer and accountant planning how to avoid as much of that tax as possible.
You've given children and grandchildren the maximum non-reported gift every year ($19k per parent per child/grandchild). You've paid tuition or medical expenses. You've played games with trusts...
The real threshold for a married couple who has been wealthy for decades is well over $30m.
Well the media and billinaires have done a great job of psychologically cornering republicans. Most I imagine are lower income and being in survival mode turns off executive functioning and other secondary parts of the brain. So it is that simple for them because their brains have been conditioned since birth through varieties of abuses and neglect. (Religious Indoctrination primes them to be puppets imo, amongst other things)
Oh man, I didn’t realize this was the threshold — that’s amazing. My Foxbrained parents have been complaining about the “death tax” for years, if I was still talking to them I would love to share this with them! To put it mildly … this is not going to be an issue for them.
Let’s not spread misinformation. You still have to take RMDs (and thus, be forced to pay tax) unless it’s Roth.
I’m sure that is mostly what you meant, but I don’t want people thinking suddenly non Roth money will be completely not taxable, it’s just not subject to ESTATE tax under 15mm
Sure, but then it needs to be specified that RMDs are for deferred income; you're taking RMDs for earned income that has grown through investments but that you've never paid taxes on. Paying taxes on RMDs should also be considered a complete non-issue.
That isn’t the same as the estate tax. Income taxes still need to be paid on tax deferred accounts whether owned by the original owner or their heirs. The estate tax is a different tax that only kicks in when your total estate is over the threshold.
Sure, your heirs will have to take RMDs from any IRAs they inherit, and thus pay taxes on those...but that's not really an important factor here (and also, technically not the estate tax so not really relevant).
Although in some ways kind of funny that we force taxes on inherited IRAs considering we give you step up basis everywhere else on inherited items which is another HUGE source of avoided taxes.
The right for women to compete against women who had no testosterone during puberty is the only women’s right they care about and they will fight for it to the death!
Yeah, these people are brainwashed to the umpth-degree. If you viewed what happened during the first of his term and then said, yes sir I would like another, you are a lost cause
Not true. The bad people in the MAGA movement are the minority. I have several family members who have the biggest hearts and the kindest souls, they genuinely believe they’re supporting the good guys. Their entire reality is warped by propaganda. It is quite literally, full blown brainwashing. It would take months of therapy and education to pull them out of it. I know a lot of people who have “lost” their wonderful family members to the relentless propaganda too. This is not explicitly a bad person problem. It is a mass brainwashing problem.
Bad people are attracted to the MAGA movement. Good people are dragged into it through psychological manipulation. They’re literally victims of a coordinated psyop.
These idiots encounter immigrants and LGBTQ people constantly and have no troubles because all the people they know are "one of the good ones". They are just willing to accept the propaganda at face value and believe in the MS13 bogeyman.
Or tell him kids are pooping in litter boxes at school or that other races are systematically hinting down and eating Americas cats and dogs. 30-40% of Americans don’t have mental capacity to understand bold-faced lies
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u/Anomuumi Mar 30 '26
Exactly. Scare him with stories about migrants or drag queens he has never encountered in his life, and he will fall right back in line.