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Originally Posted by Dentoman
Agree with this point.
The changes are also meant to get at the capital gains from inheritances …. basically an inheritance tax without calling it that
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That’s already taxed. If you have non-registered assets and die, it’s a deemed disposition and your estate pays those taxes. If that’s over $250k in gains, you will pay more under this, but here’s the thing people have to accept; no one feels bad for you because you have a capital gain and it’s over $250,000 in a single year and end up paying a little more tax. Public sympathy is just not there.
And as far as why they started the corporations at zero, if you do the math and even things out you get super close to the 2/3 figure between a corporation and individual. So, I can understand why they’ve taken that step.