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EP
Lv 7
EP asked in Politics & GovernmentPolitics · 10 years ago

You know you are going to die soon, estate tax is 95%, What do you do with the money earned during your life?

Me, I either give it away or burn it. Definitely don't let the government get a hold on it.

6 Answers

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  • Anonymous
    10 years ago
    Favorite Answer

    I would burn it before I would give it to the government

  • Anonymous
    10 years ago

    A. I thought the estate taxes was for only over 5 million and only like 45 percent?

    B. how do you even know where you money would go? it could go to the army for all you know? does burning it really help more than that?

    you guys are just full of rage and anger... lol I can just see you spending the last days of your life CONSUMED with burning all your own money because you care so much more about "messing with the gov." than, well, anything else that you could spend the last few days of your life doing... with family... on a trip... anything...

  • LOL. Inheritance tax is not 95%. Feel free to burn it all, it does not do anyone any good just sitting there. The good news will be that another connie will finally stop whining.

  • 10 years ago

    the estate tax is almost non-existent.

    when my parents passed away, i paid ZERO estate taxes.

    zero bro.

    not sure where you live, having an estate tax that high, but it's not the usa.

    by the way, i'd put it in a trust...

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  • Anonymous
    10 years ago

    I am not amongst the tiny, tiny number of individuals who would have to "worry" about such things...the vast majority of us aren't...

  • Bob J
    Lv 5
    10 years ago

    You will buy things like gold and then give it to the people you want to give YOUR money to.

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