Bitcoin "The end of inheritance tax"

Monnt

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Quote from: Zadicar on February 19, 2017, 11:32:49 AM

I hate that inheritance tax at all and anything from the word "tax" lol Grin

but i wont still bother on that thing because i dont have any properties to inherit at all.
Bitcoin is really great since it cant be taxed by the government thats why its nice to put up our assets in forms of bitcoin would be the best choice for me.

No one likes to be taxed, we are all controlled by the government and its policy so that is why we all prefer to use bitcoin, if I had to leave inheritance for my children or my grandchildren I would leave it in the form of bitcoin that why neither the government or anyone could apply any taxes on them.

LFC_Bitcoin

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Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

Especially when the asset(s) you leave to your family are usually things like a house(s) which you've already paid the mortgage & multiple taxes on. Funnily enough you pay the mortgage with your wages which are also taxed.

What a joke the fiat banking system & governments are.

cotton ball

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Quote from: just_Alice on February 20, 2017, 08:40:05 AM

Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

So you mean now you can just save in BTC and then leave it to your kids? Well, if the government will not find a way to tax Bitcoin savings you are right. But actually I think they will. They are smart bastards, especially in that regard. What your kids can do in that case is to hide from the government what they inherited, with Bitcoin it would be easy to do. But I believe it is a crime, if I'm not mistaken.

Don't consider taxes as debt, inheritance tax is also not a serious threat. Without bitcoin, we already know inheritance tax, and never a problem about it. So why be afraid if bitcoin also given the same thing?

Country's financial institutions always do justice to all people. People who have never paid taxes don't need to worry too much. Your child should also be taught before about bitcoin, so they are better prepared to face any situation in future.

Harlot

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I have studied this kind of tax. They created the inheritance tax or the donor's tax in some countries to negate the unnecessary evil that arise from sending money to others because it can be abused and will be later be known as some form of money laundering. From having this kind of tax, the taxpayer is prevented from using this kind of procedure if they ever wanted to evade tax.

YuginKadoya

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Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

Well I really think your government was brutally corrupt for you to say such things, I think there are a small percentage from your salary that goes to tax and taxes was taken from us so government can provided and funded us with great services and if your government was getting a high price tax that is because you are earning so much or your government was just corrupt.

TastyChillySauce00

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Quote from: Ipwich on February 20, 2017, 08:30:29 AM

Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

I'm sorry to tell you this also but it's impossible to eliminate the tax system in our world. We have the government that we trust to maintain the peace and order by implementing the law strictly, also, their task is to build infrastructures to give convenience to the people and that entails money, where will they get to realize those things, without tax they are useless. The least we can do is to minimize the tax but not to eliminate it.

That's right, the kids who actually deserve your inheritance and have been cut off its wealth also actually use the services which offered by the government that you have cursed earlier such as road, public transportation, and much more.
Government at its finest actually make their citizens' life easier by giving support and facilitation, not talking about the rest (corrupt government, and so on).

just_Alice

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Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

So you mean now you can just save in BTC and then leave it to your kids? Well, if the government will not find a way to tax Bitcoin savings you are right. But actually I think they will. They are smart bastards, especially in that regard. What your kids can do in that case is to hide from the government what they inherited, with Bitcoin it would be easy to do. But I believe it is a crime, if I'm not mistaken.

Ipwich

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Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

I'm sorry to tell you this also but it's impossible to eliminate the tax system in our world. We have the government that we trust to maintain the peace and order by implementing the law strictly, also, their task is to build infrastructures to give convenience to the people and that entails money, where will they get to realize those things, without tax they are useless. The least we can do is to minimize the tax but not to eliminate it.

Hydrogen

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Quote from: wxa7115 on February 19, 2017, 11:22:41 PM

The poor don’t pay a lot in taxes and sometimes they can even get money out of the government, the rich can hide their money, the ones that suffer are the middle class since they have money to be taxed but not the means to protect their assets.

In the united states, the poor pay around 30% in income and social security taxes. Factoring in sales tax, property tax, road tax, gas tax, telecommunications tax & all the other assorted taxes the average person pays it could go as high as 40%-50% collective taxation. If they drink alcohol or smoke cigarettes regularly and have alcohol/tobacco excise taxes stacked on the cost of their addiction, they could be taxed @ higher than 50% of income.

By contrast multi billionaires like Warren Buffett who don't use tax loopholes are documented paying 17% income taxes. Billionaires who take advantage of tax loopholes pay less than 17%.

Best case scenario: the poor pay twice or three times the percentage rate of taxes the super wealthy pay.

While there are social welfare programs to help the poor, there are also programs which benefit mainly the wealthy. Many subsidy, defense and economic stimulus programs benefit only the rich. An example of this is the F-35 defense contract which costs over $1 trillion. Another example the TARP bank bailout bill.

You're right that the middle class is taxed the highest and suffers the most. The poor are not taxed much lower than them, unfortunately.

Sapin

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Yeah, I agree with you, this is the worst tax ever. Hopefully with Bitcoin you will be able to transfer funds without much problems and without being spotted !

mummybtc

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Quote from: Zadicar on February 19, 2017, 11:32:49 AM

I hate that inheritance tax at all and anything from the word "tax" lol Grin

but i wont still bother on that thing because i dont have any properties to inherit at all.
Bitcoin is really great since it cant be taxed by the government thats why its nice to put up our assets in forms of bitcoin would be the best choice for me.

For now Bitcoin can be used to evade tax, but if more people moved into Bitcoin, government will follow the money into Bitcoin and find away to tax income made from Bitcoin, remember the Coinbase issue is still there.

oktana

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Quote from: Zadicar on February 19, 2017, 11:32:49 AM

I hate that inheritance tax at all and anything from the word "tax" lol Grin

but i wont still bother on that thing because i dont have any properties to inherit at all.
Bitcoin is really great since it cant be taxed by the government thats why its nice to put up our assets in forms of bitcoin would be the best choice for me.

Taxes not something that we have to make it complicated, it is our responsibility, because we are born, live, work, and live comfortably in a country is not free, with their taxes, we are involved and responsible for building the country. Unless you speak legacy debt involving bitcoin, I firmly would say that it is not justified.

wxa7115

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Quote from: Hydrogen on February 19, 2017, 02:59:07 AM

Quote from: thisappointed on February 17, 2017, 10:41:14 PM

I don't know why are you mad about this. It is just normal to pay taxes since we are all getting benefited by the government in so many ways, also, the taxes that we are paying to them is the money that they are using to build roads and others structures to improve or develop our countries, so please don't be mad about this "Tax" thingy.

The super rich don't pay the estate tax.

They have their money concealed in offshore tax shelters.

Only the middle class and wealthy individuals who don't use tax shelters pay the estate tax.

It wouldn't be a problem if states spent taxes efficiently and fairly. But in many cases taxes are used as a form of wealth distribution where the middle class and poor are taxed at much higher rates than the wealthy, while the wealthy also receive an unfair amount of tax revenues, as a means of making the rich richer and poor poorer.

The poor don’t pay a lot in taxes and sometimes they can even get money out of the government, the rich can hide their money, the ones that suffer are the middle class since they have money to be taxed but not the means to protect their assets.

Zadicar

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I hate that inheritance tax at all and anything from the word "tax" lol Grin

but i wont still bother on that thing because i dont have any properties to inherit at all.
Bitcoin is really great since it cant be taxed by the government thats why its nice to put up our assets in forms of bitcoin would be the best choice for me.

paul gatt

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everything will be very difficult for us if the government managed Bitcoin. Taxation is a typical example. we must pay various fees as we possess Bitcoin, and this is not fair. although it can control the crime, but I do not like it. will be a difficult thing for us Undecided

CyberKuro

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Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

Just read about it and now I know that inheritance tax could cut off your part even in a huge amount.
Well, if you get inheritance (Land and house) which it worth $22.727 USD, then you should pay 5% if you want the house/Land become yours. As long as we live in a country, taxes are inevitable, everything has tax.

Hydrogen

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Quote from: thisappointed on February 17, 2017, 10:41:14 PM

I don't know why are you mad about this. It is just normal to pay taxes since we are all getting benefited by the government in so many ways, also, the taxes that we are paying to them is the money that they are using to build roads and others structures to improve or develop our countries, so please don't be mad about this "Tax" thingy.

The super rich don't pay the estate tax.

They have their money concealed in offshore tax shelters.

Only the middle class and wealthy individuals who don't use tax shelters pay the estate tax.

It wouldn't be a problem if states spent taxes efficiently and fairly. But in many cases taxes are used as a form of wealth distribution where the middle class and poor are taxed at much higher rates than the wealthy, while the wealthy also receive an unfair amount of tax revenues, as a means of making the rich richer and poor poorer.

Junko

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I agree that 100% inheritance tax would be just absurd. That's like some socialism BS. Any kind of inheritance tax is unfair in my opinion, especially if you've already been paying your fair share of taxes while alive. Bitcoin seems like a good remedy for this. I don't have any kids of my own, but I've made sure that when I die, my family will be able to access my bitcoins.

aso118

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Quote from: neochiny on February 17, 2017, 09:53:43 PM

Quote from: Shibashi Nikamoto on February 17, 2017, 08:41:10 PM

inheritance only serve to make an unfair world where people will get things without any merit

the tax should be 100%, so no unfair advantage for anyone

How is saving and working your ass off your whole life in order to be able to leave behind some things for your children and loved ones unfair?? Wanting your children to have a better life is now unfair?

That's exactly the kind of mind frame you'd see from lazy ass people who do nothing but whine about their own sorry life.

Resenting the good fortune of others. Wishing everyone else would be as miserable as you.
It's like, I don't get any so why should you get any. Pure fucking Envy.

Merit? Just because you weren't fortunate enough, you wish the same for everyone else. If you didn't get any, then make your own. Why whine about 'unfair', 'advantage', and all that crap.

You don't like that other people get inheritances from their parents? Then work and make sure your children would have that privilege as well! Angry

And FYI, inheritances are not just about the $ value. Sentiment is likely a foreign concept huh.

My sentiments exactly. And 100% inheritance tax is laughable. You just incentivize everybody not to save money, because the government is anyway going to take it away when you die.
After paying income tax all your life, it is depressing to know that your estate will be taxed as well. The government should be rewarding the hard workers, not robbing them to pay the free loaders.

wxa7115

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Quote from: thisappointed on February 17, 2017, 10:41:14 PM

Quote from: calkob on February 17, 2017, 02:48:18 PM

If there is one Tax that really pisses me off it is inheritance tax. you work all your life and save alittle and then the fucking government comes along when your dead and takes a cut off what you leave your kids. Angry

seriously fucking pissed even writing about it...

ps: sorry for the curse words but that is how angry that tax makes me.

I don't know why are you mad about this. It is just normal to pay taxes since we are all getting benefited by the government in so many ways, also, the taxes that we are paying to them is the money that they are using to build roads and others structures to improve or develop our countries, so please don't be mad about this "Tax" thingy.

If you don't want to pay taxes, then you should live on another planet and live on your own and make your own laws, if you don't like the ways how the Government governs us.

Disagree, paying taxes is something we must do, but you cannot ask us to have a smile while doing it, who likes to pay their taxes anyway? Very few people I suppose, I cannot picture anyone that will be happy receiving less money for the same amount of work.

Topic: Bitcoin "The end of inheritance tax" (Read 2813 times)