Chapped Ass
06-10-2006, 11:17 AM
High on my list of "most fucked up things our government does to us" is Inheritance Tax. Inheritance Tax is where; let's say one of your family members dies. And they leave their entire estate to you in their will....now, mind you...everything they owned in their life is paid for and completely belonged to them to do with what they please. But instead of you just being able to receive this, the government wants the opportunity to "pick the carcass clean" of their share.
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Somehow, the government feels that whether they were mentioned in the will or not, they deserve a portion of your loved one's estate.
A man in his 60's, who was a loving husband, dies. His wife is grief-stricken, but at least she wasn't left with any of the man's bills, because he was responsible with his money and kept his payments regular. And she is especially happy that the house was taken care of....then in comes an estate inspector. And it goes something like this:
Wife: Hello?
Man In Suit (MIS): Hi, my name is ***, I'm here to inspect the property and estate of the deceased.
Wife: ...uh, why?
MIS: I work for a mortgage company..I've been hired out by the U.S. Government to get an estimate of the entire worth of your beloved's estate. Then with whatever monetary number I give back to my employers (in this case..the government), they will expect a percentage of that in Inheritance tax.
Wife: What?! What do you mean..like the house? They want to tax the house?
MIS: No Ma'am, everything...everything he owned in life that was his. Including the house.
Wife: But he left everything to me...it's all in his will...look for yourself.
MIS: I'm sorry ma'am, It's irrelevant whether he had a will or not. The Government still expects compensation.
Wife: So you want to come in here...look around at everything he owned...put a price tag on it, and then send that figure in to the government so they can tax me on it?
MIS: Essentially, yes. You can deny me entrance, but I'll be back with a police escort and a warrant. And you might be levied additional fines for obstructing governmental business.
Wife: So I have no choice? Why wasn't I told about your arrival? I wasn't given any warning whatsoever.
MIS: Yes, ma'am, the government feels that if you were foretold about the day of inspection, you might be tempted to move or hide some of the deceased's belongings in an attempt to lower the cost of the taxes. That wouldn't be acceptable.
This is how the government respects citizens who have paid taxes their entire lives, and obeyed the law. That's how they respect those citizen's families as well. And let's not forget a very poignant and notable fact...Everything that belonged to the deceased was bought and paid for...which means those items have already been taxed! Talk about getting fucked with a double sided dildo.
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So, ok..the Wife is getting taxed...but maybe the government will be kind enough to only take a small amount? ...No, such luck. Think around anywhere from 12% to 17%. There are blood sucking credit cards that will damage your savings than that!
Additionally, it's non-negotiable; you can't hire your own estate inspector, or get a second estimate. So this loving Wife will have to sell the house that she's lived in for forty seven years, because it's the only way she could afford to pay taxes (again) on every single thing her dead husband owned in his life.
So in summary...It appears that even in death, you cannot escape taxes. Nice, eh?
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To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.
Somehow, the government feels that whether they were mentioned in the will or not, they deserve a portion of your loved one's estate.
A man in his 60's, who was a loving husband, dies. His wife is grief-stricken, but at least she wasn't left with any of the man's bills, because he was responsible with his money and kept his payments regular. And she is especially happy that the house was taken care of....then in comes an estate inspector. And it goes something like this:
Wife: Hello?
Man In Suit (MIS): Hi, my name is ***, I'm here to inspect the property and estate of the deceased.
Wife: ...uh, why?
MIS: I work for a mortgage company..I've been hired out by the U.S. Government to get an estimate of the entire worth of your beloved's estate. Then with whatever monetary number I give back to my employers (in this case..the government), they will expect a percentage of that in Inheritance tax.
Wife: What?! What do you mean..like the house? They want to tax the house?
MIS: No Ma'am, everything...everything he owned in life that was his. Including the house.
Wife: But he left everything to me...it's all in his will...look for yourself.
MIS: I'm sorry ma'am, It's irrelevant whether he had a will or not. The Government still expects compensation.
Wife: So you want to come in here...look around at everything he owned...put a price tag on it, and then send that figure in to the government so they can tax me on it?
MIS: Essentially, yes. You can deny me entrance, but I'll be back with a police escort and a warrant. And you might be levied additional fines for obstructing governmental business.
Wife: So I have no choice? Why wasn't I told about your arrival? I wasn't given any warning whatsoever.
MIS: Yes, ma'am, the government feels that if you were foretold about the day of inspection, you might be tempted to move or hide some of the deceased's belongings in an attempt to lower the cost of the taxes. That wouldn't be acceptable.
This is how the government respects citizens who have paid taxes their entire lives, and obeyed the law. That's how they respect those citizen's families as well. And let's not forget a very poignant and notable fact...Everything that belonged to the deceased was bought and paid for...which means those items have already been taxed! Talk about getting fucked with a double sided dildo.
To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.
So, ok..the Wife is getting taxed...but maybe the government will be kind enough to only take a small amount? ...No, such luck. Think around anywhere from 12% to 17%. There are blood sucking credit cards that will damage your savings than that!
Additionally, it's non-negotiable; you can't hire your own estate inspector, or get a second estimate. So this loving Wife will have to sell the house that she's lived in for forty seven years, because it's the only way she could afford to pay taxes (again) on every single thing her dead husband owned in his life.
So in summary...It appears that even in death, you cannot escape taxes. Nice, eh?
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