The estate tax only applies when someone dies and leaves over $5.45 million in inheritance. It is literally a tax on millionaire heirs, but the Republicans favor eliminating a millionaire tax instead of taxes that working people pay.https://twitter.com/joenbc/status/937502199999025153 …
The argument against the estate tax is that the money in the estate has already been taxed once. What is Grassley talking about ? He is from Iowa but he might as well live on Neptune given how out of touch he is.
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Grassley is the ultimate "get off my lawn."
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Like most of the GOP we don't matter he works for the Elite. Holyer than thou!
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I agree
@SteveSchmidtSES My dad already paid his taxes on whatever estate will come to me at some point, and shouldn't be taxed again. (And I'm NOT a Republican or Trumpy. Just a centrist average gal.) -
Aren’t MOST of us
#centrist?
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Money is taxed (or eligible to be taxed) every time it changes possession. "Already been taxed once" would only be a valid argument if it were taxed twice while in the possession of one person (entity).
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The money in the estate has not been taxed if it is unrecognized asset appreciation. Like stocks or real estate.
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Thank you.
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Are they finally feeling free to reveal GOP orthodoxy, or is this a wild swing for fences before the side is retired?
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To be honest, Grassley's been sounding like he might be Neptunese for a while now.
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Goes to show many representatives didn’t even read the tax scam bill or they don’t understand it. Taxation without Representation
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