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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Taxboy who wrote (840)3/30/1998 12:44:00 PM
From: OtherChap  Read Replies (2) of 5810
 
>gifts, etc

the only reason the IRS has a gift tax in the first place is because they have another scam called the "estate tax" .. If it were possible to give your money to your children, as it should be in a truly free society, then nobody would ever pay the estate tax.

who is the government to tell me that I can't give away my assets to my children without cutting the government in for a piece of the action?? why should I have to spend hours delving into insurance plans to pay for the 50% taxes the government will extract when I die?

once again, stacks of pointless and arbitrary laws have been set up to facilitate the fleecing of america. this is simply rearranging deck chairs on the titanic.
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