It's interesting how liberals sit on their perch in the ivory tower and just assume that the son in this case works like every other employee. You really have no idea what it takes to run a company, do you? How can you say the son wasn't in the developmental or strategic planning to grow the company? There are many small businesses where the son works much harder for the company than the father. Many where the son is actually the defacto owner, just not in name. Then along comes the government to tax the son when the father passes simply because it passed that law. You folks are shameless. Take from everyone you can, while at the same time never volunteering to give more.
A little "off topic", but Double taxation of corporate profits Progressive Income Tax Rates Estate Taxes Taxation of Social Security retirement income.... All just "greedy-grab" and IMMORAL! Shame on politicians.
You're placing it on the grantee when this all about the grantor. It's the grantor's money. He/she should be free to do with it what they want. Let's apply your logic to other things like a parent paying for a child's college education. Should that be a taxable event? And I did not use the term you did.
I saw this on Twitter and thought it might add to the discussion you guys are having here. About 60% of the wealth in America is inherited.
Just say no to foreigners attempting to influence US voters and destroy US democracy by posting on social media sites. Are you really Russian?
‘I trusted you!’ Trump voters seethe after realizing they’re getting screwed by the GOP’s tax plan https://www.rawstory.com/2019/02/tr...alizing-theyre-getting-screwed-gops-tax-plan/ (My federal taxes went up as well this years. The Trump/GOP tax cuts screwed me.)
Trump's tax plan was corporate tax reform. Whether it was needed or not, is unclear to me. Trump had done a lot for the economy with his deregulation hype and pro-capitalist rhetoric.