2024 Investment Thread

Holeshot said:
Ahhhh. Another move to increase the death tax.
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:laughing

No doubt.

Currently at a generous $13.61 million exempt.

Double that if married.

I don't think my daughter has to worry...unless they cut it by one HECK of a lot.
 
GAJ said:
I don't think my daughter has to worry...unless they cut it by one HECK of a lot.
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Not at the current exclusion, but that was the point of my comment: moving the bracket downwards. On income that's already been taxed in the year it was earned.
 
Holeshot said:
Not at the current exclusion, but that was the point of my comment: moving the bracket downwards. On income that's already been taxed in the year it was earned.
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Does it not become income to the individual who inherits it?
 
Abacinator said:
It should be
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So, in essence, you are for a 37 percent inheritance tax for inheritance over around $500,000. On money already taxed at a 20 percent rate or so. Effectively 50 percent tax combined on that money.

Just seems wrong to be honest.

Mind you I never got 1/10th that when my parents passed away which was just fine by me.
 
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Taxing money thats already been taxed is nuts. Just as nuts is being taxed on used vehicles every time they change owners.
Who’s up for a tea party?
 
Blankpage said:
Taxing money thats already been taxed is nuts. Just as nuts is being taxed on used vehicles every time they change owners.
Who’s up for a tea party?
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Giving half a person's inheritance to the government seems to have some fans.
 
:dunno

I just don't see why anyone shouldn't pay tax on money they got because someone died.
 
Blankpage said:
Taxing money thats already been taxed is nuts. Just as nuts is being taxed on used vehicles every time they change owners.
Who’s up for a tea party?
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+1000. Although, there should be a modicum of sales tax on used sales so as to not impact new sales volumes.

GAJ said:
Giving half a person's inheritance to the government seems to have some fans.
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While I don't believe in the idea of taxing an asset once one owns it, I can see some logic in using the funds from inheritance taxes to be earmarked to pay down the national debt. However, that would need a constitutional ammendment prohibiting deficit spending, averaged over a multi-year period.
 
Net worth in various countries to be a "one percenter."

Monaco: $12.88 million

Luxembourg: $10.83 million

Switzerland: $8.51 million

U.S.: $5.81 million

Singapore: $5.23 million

Sweden: $4.76 million

Australia: $4.67 million

New Zealand: $4.57 million

Ireland: $4.32 million

Germany: $3.43 million

France: $3.27 million

Hong Kong: $3.09 million

UK: $3.07 million

Italy: $2.55 million

Spain: $2.47 million

Japan: $1.97 million

China: $1.07 million
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https://www.msn.com/en-us/money/mar...&cvid=4e23575c545b45b5ab07d88645f4651e&ei=121

No doubt we have some one percenters in US terms here on the BARF.
 
No doubt. However, I'm not sure what to make of the comparison. A relative GDP scale of each would help with context.
 
Not feeling bad at all about picking up nvda two weeks ago.
Would be feeling much better had I got in when I intended two months ago.
 
Holeshot said:
No doubt. However, I'm not sure what to make of the comparison. A relative GDP scale of each would help with context.
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For sure. $2 million in coastal Spain will go a lot further than $2 million in Switzerland, where prices are, basically, insane.
 
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