Topic: Bitcoin "The end of inheritance tax" - page 3. (Read 2813 times)
i'll definitely be leaving people bitcoin if it's still around when i'm dead, and i'll fully expect them not to tell anyone. i think in a few years it might be a little harder to buy untraceable but right now it's a hot mess and the people in my will are gonna benefit from it.
Why do your kids deserve to start life privileged without having to work for it?
Do you think it makes them better people by being born rich? Do kids that are born with poor parents deserve to be disadvantaged?
Anyway: did your post have anything to do with Bitcoin? Are you sharing your private keys with your kids or are they in your will? I rekon most Bitoins will be lost when the owners die (making Bitcoin deflationary)
What does this have to do with being priviledged? People (parents) work hard for their money and pay taxes on it within their lifetime. Do you think it makes them better people by being born rich? Do kids that are born with poor parents deserve to be disadvantaged?
Anyway: did your post have anything to do with Bitcoin? Are you sharing your private keys with your kids or are they in your will? I rekon most Bitoins will be lost when the owners die (making Bitcoin deflationary)
I don't see anything wrong with them wanting to give their kids a head start in life and imo inheritence tax is just not fair, especially on low amounts of money.
Why do your kids deserve to start life privileged without having to work for it?
Do you think it makes them better people by being born rich? Do kids that are born with poor parents deserve to be disadvantaged?
Anyway: did your post have anything to do with Bitcoin? Are you sharing your private keys with your kids or are they in your will? I rekon most Bitoins will be lost when the owners die (making Bitcoin deflationary)
Do you think it makes them better people by being born rich? Do kids that are born with poor parents deserve to be disadvantaged?
Anyway: did your post have anything to do with Bitcoin? Are you sharing your private keys with your kids or are they in your will? I rekon most Bitoins will be lost when the owners die (making Bitcoin deflationary)
I feel you when it comes to inheritance tax. Especially in countries where you pretty much not get a lot from the government, it's infuriating to think they'd still want a piece of your hard-earned money when you die. I especially loath the property tax, the government gave you no money buying the land and having the house built and they took a lot of money from you during the entire process and they still have the gall to ask money for as long as you own the property.
Its possible to escape that (and taxes in general) with bitcoins. From what I've understood transfers are sort of confidential despite ledger. One thing that might give you away though is when cashing in/out to fiat, which my be inescapable unless you do all your spending using bitcoins.
Its possible to escape that (and taxes in general) with bitcoins. From what I've understood transfers are sort of confidential despite ledger. One thing that might give you away though is when cashing in/out to fiat, which my be inescapable unless you do all your spending using bitcoins.
i don't like the real estate/property tax, especially since i am paying school tax and currently nobody in my family goes to K12, but you are not 100% correct, they GAVE you the money in form of a loan, at least for majority of folks they did (even if you originated a loan at the bank). this money did not exist before you asked for the loan. They conjured it up as per your request and good credit and give it to you via adjusting some ones and zeroes in their ledgers.
I feel you when it comes to inheritance tax. Especially in countries where you pretty much not get a lot from the government, it's infuriating to think they'd still want a piece of your hard-earned money when you die. I especially loath the property tax, the government gave you no money buying the land and having the house built and they took a lot of money from you during the entire process and they still have the gall to ask money for as long as you own the property.
Its possible to escape that (and taxes in general) with bitcoins. From what I've understood transfers are sort of confidential despite ledger. One thing that might give you away though is when cashing in/out to fiat, which my be inescapable unless you do all your spending using bitcoins.
Its possible to escape that (and taxes in general) with bitcoins. From what I've understood transfers are sort of confidential despite ledger. One thing that might give you away though is when cashing in/out to fiat, which my be inescapable unless you do all your spending using bitcoins.
The quickest way for countries to ban Bitcoin would be for people to find ways to avoid paying taxes with Bitcoin. You should just pay the damn
government what is due to them, no matter how they waste your money and stay within the tax rules of your country. We all hate paying taxes,
but the old saying " Nobody avoids Death & Taxes " rings true for Bitcoin users too.
government what is due to them, no matter how they waste your money and stay within the tax rules of your country. We all hate paying taxes,
but the old saying " Nobody avoids Death & Taxes " rings true for Bitcoin users too.
Not sure where you live, but in US it only matters (somewhat) if your estate is above 5.45 mil (if you are married, then 2X5.45 mil).
In US, only 2 people out of 1000 qualified for an estate tax.
on the other hand, those with >10mil already know what to do: trust funds, etc.
https://en.wikipedia.org/wiki/Estate_tax_in_the_United_States
In US, only 2 people out of 1000 qualified for an estate tax.
on the other hand, those with >10mil already know what to do: trust funds, etc.
https://en.wikipedia.org/wiki/Estate_tax_in_the_United_States
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. seriously fucking pissed even writing about it...
ps: sorry for the curse words but that is how angry that tax makes me.
seriously fucking pissed even writing about it... ps: sorry for the curse words but that is how angry that tax makes me.
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