Biden's 'DEATH TAX' Will Force Many to Sell Their Inheritance to Pay The Tax Bill

An America where your kids can't afford to keep your money: Middle income families' disgust with Biden's 'twisted' 'death tax' that would force many to sell their inheritance to pay the bill

  • Biden's 'death tax' would impose capital gains of $1million or more after someone dies
  • There are more than  3million homes nationally worth at least $1 million and the number continues to rise
  • The person who inherits it would have to pay 40% of the increase of the asset's value from when it was purchased to when they received it 
  • It does not just apply to property - it applies to stocks and other assets, including businesses 
  • The Biden administration promised protections for businesses and farms but none have been confirmed 
  • Families who scraped to buy property in the 60s, 70s, and 80s, would be knee-capped by the proposal 
  • It means their kids would have to pay hundreds of thousands to the government just because the property is now worth more 
  • Some say it would force the kids to sell what they inherit just to be able to pay the tax on it - a 'twisted' and 'disgusting' result of a lifetime of work 
  • The threshold so low it could wipe out family businesses along with farmland - which has escalated in value 
  • The proposal is part of Biden's American Families Plan which Congress is yet to vote on
😠 1
StreetLoc is one of America’s fastest-growing Social Media companies. We do not employ woke kids in California to “police” your thoughts and put you in “jail”.
StreetLoc is designed for Family, Friends, Events, Groups, Businesses and People. JOIN TODAY

  • More
Comments (0)
     ·   ·  1560 news
    •  ·  537 friends
    • A

    Join StreetLoc

    By signing up, you agree to the Terms of Service and Privacy Policy.
    Latest Videos (Gallery View)