Obama's position on the estate tax

[Lemur]

[The estate tax] is double taxation.

Depending on how you look at it, you could make this argument for every tax ever levied. The corporation paid its taxes before paying me my salary, so clearly my income tax is double taxation. Moreover, when I buy a stick of gum and pay sales tax, I already paid my state and federal income tax on my salary, so the money in my pocket has already been taxed twice. Clearly the sales tax on the gum is triple taxation. And so on and so forth.

[ICantSpellDawg]

Depending on how you look at it, you could make this argument for every tax ever levied. The corporation paid its taxes before paying me my salary, so clearly my income tax is double taxation. Moreover, when I buy a stick of gum and pay sales tax, I already paid my state and federal income tax on my salary, so the money in my pocket has already been taxed twice. Clearly the sales tax on the gum is triple taxation. And so on and so forth.

I agree with Lemur here and was thinking about the double, triple, quadruple taxation that we already experience. Governments have the ability to tax us, so their tax schemes just need to make sense and encourage growth and the freedom to make your own financial decisions for your personal enjoyment of life. Because people are dead, their wishes to enjoy their lives are nullified. They can give money away to the people they'd like in life, but after they are dead, they've lost their voice (literally).

Give the items to your spouse, gift up to the annual limit to your children every year that you are getting close to doomsday and sell the rest to them for unrealistically low amounts of money. For example, give your kids the annual max, then they can use that money to buy your garage full of cars, boat etc. They've spent bottom dollar and you've evaded taxes, with them only paying sales tax at a fraction of what you'd pay in death.

Sound complicated? Hire an attorney to handle it for you you rich old goober. Thank you for your job creating service, and burn in hell for all of the people you've screwed over to get to the top.