Karin, re: talking about money...
Hi Karin,
Thank you for your response.
I don't understand your position in regards to the Estate Tax.
You believe that once you are taxed on your income, than you should you be taxed on it again.
If I am understanding the Estate Tax correctly, the money government wants is a portion the new money earned from holding on to assests (homes, stocks) or earned from investments (savings account interest). The original money, the money that has been taxed already, does not get taxed again.
Only the money generated from the money that has already been taxed gets taxed. So, for example, if you have made $ 1,000 and that $1,000 earns you $10,000 over a lifetime, than the $10,000 is taxed, not the $1,000 which was already taxed.
Am I understanding you correctly?
In my opinion and thanx for talking with me about this.
Jon :)
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