Wednesday, April 15, 2015

Republicans Suggest $269 Billion Tax Cut For Paris Hilton and Other Heiresses

You want to know who owns your GOP government representatives?  Ask no more.

The estate tax exemption is over $10M for a couple.  If you have a decent trust and estates attorney, you never pay that tax anyway.  But what this would do is basically give Paris et al all of her daddy and mommy's money and the government would NEVER receive $1 of capital gains tax on the money. 

So, if you have $5,000 in the bank and get $20 a year in interest, you pay the government $4.  Paris Hilton's dad may have made $200,000,000 on his investments, but once he dies and gives them to Paris, she gets the $200,000,000 tax free.  Seems fair.

Oh Citizens United.....

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