estate tax irs
September 6th, 2007
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About the guy with the ball and the irs…?
So if the guy that caught that 1million dollar baseball, and decides to keep it, and then dies, would the irs tax his estate the 35% of the 1million? What if he lost the ball? What if it wasnt worth anything anymore, only the 1 dollar walmart price? What if he sells it to his freind in another country who isnt a us citizen for 1 dollar? Will they tax him 350k for that 1 dollar he made?
If you read the media carefully, you’ll see that it’s not the IRS who said he’ll be taxed just for having it – that’s the opinion of ONE lawyer who apparently wanted to get some publicity – and he did!
US Tax IRS Seminar Benefits.wmv
US House votes to make estate tax permanent | FSRN – Free Speech …
- Image via Wikipedia
Perhaps no issue gets to the heart of class privilege quite like the estate tax. Republicans call it a “death tax.” But progressives say it makes sense to tax large inheritances in order to keep wealthy families from passing their …
Estate Tax Update – Jim Cramer Says Don’t Bank on Grandma’s Death
Basically what “Wes” from Lexington, KY, wanted to know is if Cramer thought that because the federal estate tax is scheduled to go away in 2010 and then come back with a vengeance in 2011 that a company named Service Corp. …
US House votes to make estate tax permanent | FSRN – Free Speech …
- Image via Wikipedia
Perhaps no issue gets to the heart of class privilege quite like the estate tax. Republicans call it a “death tax.” But progressives say it makes sense to tax large inheritances in order to keep wealthy families from passing their …
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Related articles
- Wealth Matters: More Tax Chores for the Wealthy at Year-End (nytimes.com)
- The Tax That Won’t Die (online.wsj.com)
- How is the estate tax in your state? (themoderatevoice.com)
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