Reply to Vox article on inheritance

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]I'd pay for every conceivable expense for my kids and grandkids before letting it get taxed away in estate taxes. Schools, vacations, houses, cars, you name it.[/quote]

How does that work? Don't they have to pay taxes if the gift is over a certain amount?[/quote]

Np:

Grandparent signs the contract for private school and college

Grandparent is joint on the home with grandkid, house passes to survivor. Grandparent doesn’t live there but pays all housing expenses. Same with vehicles

Grandparent is silent partner in business and funds business venture fully

Grandparent buys items needed for grandkids: Amazon, Walmart - Inc gift [/quote]

Make your children and grandchildren authorized users on your credit card.  Drop of bags of cash for groceries.  I'd do pretty much anything that was remotely legal to get the $ to my family versus having my life's financial work taxed at 50%.   [/quote]

How patriotic of you!  Truly, you are an inspiration.  If we have enough people like you someday we can achieve the long-held dream of all Americans to create a permanent Aristocratic class in the United States!

(Sarcasm aside, we already have one, and IMO that is what the estate tax is meant to prevent, although we are collectively too stupid to realize it...)[/quote]

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