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2013 will be a bad year to die.

Death Tax

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#11 Bronn

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Posted 10 December 2012 - 04:37 PM

I'll never forget having to write a $16,000+ check to the IRS all because we lost my grandfather-in-law...

#12 stirs

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Posted 10 December 2012 - 04:47 PM

Some campaign doner in Sacremento is starving and needs this money, now sit down and write the checks you greedy capalists pigs.

#13 Gazi

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Posted 10 December 2012 - 04:52 PM

If you gift it before you die they don't have to pay anything. doh

#14 thefuzz

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Posted 10 December 2012 - 04:54 PM

I am nervous for my parents in this situation.

My grand parents have probably accumulated about $1M in total assets, with the majority of that being a home on the beach that they have owned since the 60's.

Both are in poor health, and it would not shock me to have to bury one of them this year. I can't believe that the US Government is going to tax them because they have lived a thrifty lifestyle, and invested well enough to have some cash when they are gone.

I guess we will see though.

#15 stirs

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Posted 10 December 2012 - 04:55 PM

I think there is a cap to gifting, no?

#16 thefuzz

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Posted 10 December 2012 - 04:59 PM

Yes, there is. Over that amount....and there is a tax...surprise.

#17 logic1977

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Posted 10 December 2012 - 10:01 PM

Gift used to be capped at 200k a year. If you plan far enough in advance you can move a lot tax free, but really death taxes are just evil

#18 g5jamz

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Posted 10 December 2012 - 10:05 PM

Believe it's $12k per year now...which is why people create trusts.

#19 GOOGLE RON PAUL

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Posted 11 December 2012 - 05:03 AM

what's wrong with the estate tax? it's not like you're going to be doing anything with your poo when you're dead and i mean, i don't want some stupid parasites inheriting their parents' stuff rather than actually working for a living am i right fellow republicans?

#20 MadHatter

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Posted 11 December 2012 - 07:01 AM

what's wrong with the estate tax? it's not like you're going to be doing anything with your poo when you're dead and i mean, i don't want some stupid parasites inheriting their parents' stuff rather than actually working for a living am i right fellow republicans?


You are either stoned, drunk, or stupid. Personally I am betting that it is all of the above.


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