Current Events > Do you know anyone that has ever had to pay Estate Tax?

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DoubleOSnake 07/19/23 8:40:13 PM #1:	or you know of anyone's estate that had to? iirc it's a lot less than 1 percent of all estates in the u.s. that this applies to. but it generates almost 20 billion in revenue every yr --- "It is what it is"----Drumpf <cite>DoubleOSnake posted [p:974946178] in Do you kno... [t:80513538]...</cite> <quote>or you know of anyone's estate that had to? iirc it's a lot less than 1 percent of all estates in the u.s. that this applies to. but it generates almost 20 billion in revenue every yr</quote> ... Copied to Clipboard!
DoubleOSnake 07/19/23 8:52:13 PM #2:	bump --- "It is what it is"----Drumpf <cite>DoubleOSnake posted [p:974946416] in Do you kno... [t:80513538]...</cite> <quote>bump</quote> ... Copied to Clipboard!
#3	Post #3 was unavailable or deleted.
DoubleOSnake 07/20/23 9:09:49 AM #4:	last bump --- "It is what it is"----Drumpf <cite>DoubleOSnake posted [p:974954008] in Do you kno... [t:80513538]...</cite> <quote>last bump</quote> ... Copied to Clipboard!
Ashethan 07/20/23 9:43:15 AM #5:	My Aunt did. But she didn't mind. --- Board 8 Mafia Archive: ashchive.altervista.org <cite>Ashethan posted [p:974954445] in Do you kno... [t:80513538]...</cite> <quote>My Aunt did. But she didn't mind.</quote> ... Copied to Clipboard!
Anony1125 07/20/23 9:47:44 AM #6:	My inheritance was taxed, but I'm not sure why. It was pretty small as far as inheritances go. --- Feeling really good. Faceless goofus in a sea of alts <cite>Anony1125 posted [p:974954509] in Do you kno... [t:80513538]...</cite> <quote>My inheritance was taxed, but I'm not sure why. It was pretty small as far as inheritances go.</quote> ... Copied to Clipboard!
Charismic_Zach_Gowen 07/20/23 9:49:06 AM #7:	[LFAQs-redacted-quote] You know lots of dead people with over $5million in assets? --- In Brady We Trust. I've finally realized the secret to making a successful Mearn topic. Make it about CZG - Mearn <cite>Charismic_Zach_Gowen posted [p:974954531] in Do you kno... [t:80513538]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> You know lots of dead people with over $5million in assets?</quote> ... Copied to Clipboard!
FolkenRawr 07/20/23 9:52:26 AM #8:	Anony1125 posted... My inheritance was taxed, but I'm not sure why. It was pretty small as far as inheritances go. I was curious so I looked it up. Pretty interesting stuff imo https://tinyurl.com/mrxjepfr --- Cookin like a chef, I'm a 5 Star Michelin <cite>FolkenRawr posted [p:974954569] in Do you kno... [t:80513538]...</cite> <quote>Anony1125 posted... </cite><quote>My inheritance was taxed, but I'm not sure why. It was pretty small as far as inheritances go.</quote>I was curious so I looked it up. Pretty interesting stuff imohttps://tinyurl.com/mrxjepfr</quote> ... Copied to Clipboard!
Bass 07/20/23 9:53:37 AM #9:	No. I'll have to pay a bit to the state I live in, at least for the house I'll inherit, but otherwise nope. --- Many Bothans died to bring you this post. <cite>Bass posted [p:974954582] in Do you kno... [t:80513538]...</cite> <quote>No. I'll have to pay a bit to the state I live in, at least for the house I'll inherit, but otherwise nope. </quote> ... Copied to Clipboard!
Charismic_Zach_Gowen 07/20/23 9:54:31 AM #10:	Anyone who answers yes to federal estate tax is almost certainly lying. I am a Senior Tax Associate. Worked in the industry for 10 years. I've encountered exactly 2 people who wound up paying estate tax and they BARELY made the cut off. It took them owning family farms for decades for that hit. It's not something encountered unless you're dealing with obscenely rich idiots who don't plan. --- In Brady We Trust. I've finally realized the secret to making a successful Mearn topic. Make it about CZG - Mearn <cite>Charismic_Zach_Gowen posted [p:974954593] in Do you kno... [t:80513538]...</cite> <quote>Anyone who answers yes to federal estate tax is almost certainly lying. I am a Senior Tax Associate. Worked in the industry for 10 years. I've encountered exactly 2 people who wound up paying estate tax and they BARELY made the cut off. It took them owning family farms for decades for that hit. It's not something encountered unless you're dealing with obscenely rich idiots who don't plan. </quote> ... Copied to Clipboard!
Anony1125 07/20/23 9:57:04 AM #11:	FolkenRawr posted... I was curious so I looked it up. Pretty interesting stuff imo https://tinyurl.com/mrxjepfr It wouldn't have been an estate tax I think, I've never been able to figure it out. And by now I feel like I would look stupid asking. I inherited $267.5k, and around 10% was lopped off. Just one of those things, I guess. --- Feeling really good. Faceless goofus in a sea of alts <cite>Anony1125 posted [p:974954636] in Do you kno... [t:80513538]...</cite> <quote>FolkenRawr posted... </cite><quote>I was curious so I looked it up. Pretty interesting stuff imohttps://tinyurl.com/mrxjepfr</quote>It wouldn't have been an estate tax I think, I've never been able to figure it out. And by now I feel like I would look stupid asking. I inherited $267.5k, and around 10% was lopped off. Just one of those things, I guess.</quote> ... Copied to Clipboard!
Charismic_Zach_Gowen 07/20/23 9:57:22 AM #12:	Anony1125 posted... My inheritance was taxed, but I'm not sure why. It was pretty small as far as inheritances go. Inheritance taxes are exclusive to states in the US. The best way to think of the two are a pitcher and catcher situation. Estate tax taxes the pitcher aka the giver. Inheritance tax taxes the catcher or receiver. Inheritance taxes have a much lower threshold generally than the obscene high threshold of estate tax ($12 million for single, $24 million if widowed and don't remarry). --- In Brady We Trust. I've finally realized the secret to making a successful Mearn topic. Make it about CZG - Mearn <cite>Charismic_Zach_Gowen posted [p:974954640] in Do you kno... [t:80513538]...</cite> <quote>Anony1125 posted... </cite><quote>My inheritance was taxed, but I'm not sure why. It was pretty small as far as inheritances go.</quote>Inheritance taxes are exclusive to states in the US. The best way to think of the two are a pitcher and catcher situation. Estate tax taxes the pitcher aka the giver. Inheritance tax taxes the catcher or receiver. Inheritance taxes have a much lower threshold generally than the obscene high threshold of estate tax ($12 million for single, $24 million if widowed and don't remarry). </quote> ... Copied to Clipboard!
FolkenRawr 07/20/23 10:09:56 AM #13:	Anony1125 posted... It wouldn't have been an estate tax I think, I've never been able to figure it out. And by now I feel like I would look stupid asking. I inherited $267.5k, and around 10% was lopped off. Just one of those things, I guess. The link I posted talk about an inheritance tax, not an estate tax. If you don't trust the tinyurl link I posted due to length, I literally just Googled 'inheritance tax' and clicked the first link. https://gamefaqs.gamespot.com/a/user_image/2/3/9/AAQh2QAAErIX.jpg --- Cookin like a chef, I'm a 5 Star Michelin <cite>FolkenRawr posted [p:974954802] in Do you kno... [t:80513538]...</cite> <quote>Anony1125 posted... </cite><quote>It wouldn't have been an estate tax I think, I've never been able to figure it out. And by now I feel like I would look stupid asking. I inherited $267.5k, and around 10% was lopped off. Just one of those things, I guess.</quote>The link I posted talk about an inheritance tax, not an estate tax. If you don't trust the tinyurl link I posted due to length, I literally just Googled 'inheritance tax' and clicked the first link. https://gamefaqs.gamespot.com/a/user_image/2/3/9/AAQh2QAAErIX.jpg </quote> ... Copied to Clipboard!
Anony1125 07/20/23 10:13:34 AM #14:	FolkenRawr posted... The link I posted talk about an inheritance tax, not an estate tax. If you don't trust the tinyurl link I posted due to length, I literally just Googled 'inheritance tax' and clicked the first link. Yeah I'm sorry, I noticed after I posted. I had a couple tabs open and got lost because I'm a dumbass. I am still confused because neither my grandparents nor I have anything to do with the 6 states they list as having an inheritance tax. --- Feeling really good. Faceless goofus in a sea of alts <cite>Anony1125 posted [p:974954857] in Do you kno... [t:80513538]...</cite> <quote>FolkenRawr posted... </cite><quote>The link I posted talk about an inheritance tax, not an estate tax. If you don't trust the tinyurl link I posted due to length, I literally just Googled 'inheritance tax' and clicked the first link. </quote>Yeah I'm sorry, I noticed after I posted. I had a couple tabs open and got lost because I'm a dumbass. I am still confused because neither my grandparents nor I have anything to do with the 6 states they list as having an inheritance tax.</quote> ... Copied to Clipboard!
Stagmar 07/20/23 12:57:14 PM #15:	Its not a thing here, so no. --- Drawings of me by CE: https://imgur.com/a/rDSRWz8 <cite>Stagmar posted [p:974957646] in Do you kno... [t:80513538]...</cite> <quote>Its not a thing here, so no.</quote> ... Copied to Clipboard!
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Current Events > Do you know anyone that has ever had to pay Estate Tax? (+) Yeah! (+)

Current Events > Do you know anyone that has ever had to pay Estate Tax?