tag:blogger.com,1999:blog-13522238.post6131713932434541649..comments2024-03-28T17:53:43.541-04:00Comments on DarwinCatholic: The Left Discovers Inheritance Taxes Are UnfairDarwinhttp://www.blogger.com/profile/08572976822786862149noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-13522238.post-34580540999610856532013-06-28T10:44:49.477-04:002013-06-28T10:44:49.477-04:00Well, I'm both glad and saddened to have read ...Well, I'm both glad and saddened to have read this, because I hadn't read into how the suit first originated, but it confirms a particular fear I wrote about on Wednesday.<br /><br />Just in the interest of refining the argument, unless you make your living off of interest (and even then), every lump of money that might be anywhere has been taxed repeatedly, potentially any time it does economic work, and I do think that is roughly as it should be; so if you do want to argue that an inheritance should be untaxed, an argument should probably be supplied that inheriting isn't doing economic work. The integral household seems to naturally meet that potential criterion, and so would a dependent child... I don't know how to complete such an argument; I think it would preclude exempting, say, a donation to the local Walmart (not that I can imagine anyone designating such a thing outside of perversity).Belfry Bathttps://www.blogger.com/profile/00514867101036143597noreply@blogger.comtag:blogger.com,1999:blog-13522238.post-59846009424437364672013-06-27T16:56:37.538-04:002013-06-27T16:56:37.538-04:00Yeah, I'm not sure if I managed to express tha...Yeah, I'm not sure if I managed to express that very clearly:<br /><br />In 2009 when the plaintiff's partner died, the exemption was $3.5 million. <br /><br />It's now (and according to the tax deal passed back in January, permanently) set to $5 million in 2011 inflation adjusted dollars.<br /><br />So people with same sex marriages and estates over $5 million are now have new legal protections. Hooray for the 0.0001% that fit both of those criteria!Darwinhttps://www.blogger.com/profile/08572976822786862149noreply@blogger.comtag:blogger.com,1999:blog-13522238.post-27553945920728045482013-06-27T16:04:14.435-04:002013-06-27T16:04:14.435-04:00If I am not mistaken, the exemption for the federa...If I am not mistaken, the exemption for the <i>federal</i> inheritance tax is somewhere in the neighborhood of $5 million. Art Decohttp://wwrtc.blogspot.comnoreply@blogger.com