No, to the child it is a gift from smart parents. It's only income because the government wants the money.
On Tue, Apr 19, 2011 at 6:22 PM, Eric Roberts <[email protected]> wrote: > > Because to the Child it is income. > > -----Original Message----- > From: Maureen [mailto:[email protected]] > Sent: Tuesday, April 19, 2011 08:35 PM > To: cf-community > Subject: Re: [politics] Cost of tax cuts for the rich exceeds gains by > budget cuts > > > I'm not a fan of increases in capital gains or inheritance taxes. > Remember than increases in capital gains affect everyone who owns stock, not > just the super wealthy. Inheritance tax seems like double taxation to me. > Since the parent paid taxes when they earned the money, why should the child > have to pay tax on it again? > > On Tue, Apr 19, 2011 at 6:02 PM, Eric Roberts > <[email protected]> wrote: >> > >> Big ones: estate and inheritance taxes need to be reinstated. There >> is a group of people from that top 1% that is also advocating this. >> One of them is Bill Gate's dad. Another would be to tax capital gains >> by hedge fund owners instead of letting them sit on it tax free until >> they withdraw > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336498 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
