Taxes on Inheritance and Lottery Winnings (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
June 02, 2024, 08:29:36 AM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Political Debate (Moderator: Torie)
  Taxes on Inheritance and Lottery Winnings (search mode)
Pages: [1]
Poll
Question: Should taxes on these be higher or lower? (see post below)
#1
both higher		  
#2
inheritance higher/lottery lower		  
#3
inheritance lower/lottery higher		  
#4
both the same		  
#5
inheritance the same/lottery higher		  
#6
inheritance the same/lottery lower		  
#7
inheritance higher/lottery the same		  
#8
inheritance lower/lottery the same		  
#9
both lower		  
Show Pie Chart
Partisan results
Total Voters: 27

Author Topic: Taxes on Inheritance and Lottery Winnings  (Read 2542 times)
ATFFL
Junior Chimp
*****
Posts: 5,754
« on: October 23, 2005, 09:23:08 AM »
How about we just declare them both income and be done with it?
Logged
ATFFL
Junior Chimp
*****
Posts: 5,754
« Reply #1 on: October 23, 2005, 10:01:36 AM »
Quote from: A18 on October 23, 2005, 09:29:04 AM
Why don't we declare bank withdrawals income?

Because you already own that money.

For inheritance, money should be taxed and property should not.  If someone inhreits a farm and $250,000 in cash, they should be taxed only on the cash. 

For a lottery win, it is simply money coming in and should be treated like all other sources of income.
Logged
ATFFL
Junior Chimp
*****
Posts: 5,754
« Reply #2 on: October 23, 2005, 11:05:09 AM »
Quote from: A18 on October 23, 2005, 10:29:09 AM
Quote from: Tredrick on October 23, 2005, 10:01:36 AM
Quote from: A18 on October 23, 2005, 09:29:04 AM
Why don't we declare bank withdrawals income?

Because you already own that money.

For inheritance, money should be taxed and property should not.

Um, rich old people will just put all their money in assets so they can pass on their wealth tax-free.

And you have a problem with this why?
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.023 seconds with 11 queries.