After 500 days of trumps presidency - Page 3

uh-oh · 06-09-2018, 02:39 PM

Quote:

Originally Posted by Sharp

I'm with you in that sentiment. I was saying let's say it's 2070 and Diode owns a jerky factory that he bought for 1 mil in 2020. He kicks it and leaves it to his son. His son just got a factory worth about 10 mil in 2070 dollars, so the government is more taxing the appreciation of the factory value in those 50 years than Diode Jr's inheritance... At least... I think that's the point? I've put off forming an opinion on it because it will literally never effect me

the problem with that logic is diode continually paid taxes operating that company in america for 50 years. he paid taxes on his salary, on the property, took it from his employees, paid taxes on everything involved with owning and operating the business. his son will continue paying those taxes by running the company, there is no need for the government to step in and take more.

Sharp · 06-09-2018, 03:05 PM

Yeah bad example but I want Diode to own a jerky factory

Same numbers but for a mansion. And I understand there are property taxes, I'm just trying to explain the rationale as well as I can (which is not very if any slightly informed NCG wants to jump in and save this conversation.... Amen probably?)

06-09-2018, 03:05 PM	#42
Sharp HE / HIM / FRAC Join Date: Jan 2013 Location: PA Posts: 11,592 Battle Record: 56-21 Accomplishments - 50+ Wins Champed - The Ultimate Writer - NBL Cypher - 1-2 Punch League Rep Power: 12601538	Yeah bad example but I want Diode to own a jerky factory Same numbers but for a mansion. And I understand there are property taxes, I'm just trying to explain the rationale as well as I can (which is not very if any slightly informed NCG wants to jump in and save this conversation.... Amen probably?)