Airforceone

Well we still have the Trump supporters out of touch with reality on the Trump Tweets. They believe that the best way to Litigate is through the Tweet. So Trump tweets that his tax plan does absolutely nothing for him. But it destroys the family owned farms. Well that is 100% false.

Only 20 farms in 2016 paid estate taxes, and absolutely no farms have been reported sold to pay off an estate tax debt. (NONE ZERO) And the ones that did only paid an average effective tax rate of 17% not the 40% that the White House Freak Tweets to his ignorant supporters.
(THATS 17% NOT 40%)
Roughly 2 out of 1000 Estates face estate taxes. Only 99.8% owe (no that's no) Estate taxes at all this year per the Joint Committee on Taxations. Only the estates of the wealthiest .2% owe estate taxes. Due to Obama raised the exemption amount from $650,000 per person to $5.49 million per person in 2017. Thank you Mr. Obama. I wonder when Trump will tweet this.

Among few estates nationwide that actually owe estate taxes in 2017 the effective tax rate is 17% on average reference (Tax Policy Center) not the 40% that the White House Freak leads you Trump supporters to believe. So the White House freak claims that half of an estate value is 100% false.

Heirs through proper planning can often shield a large portion of estate's remaining value thru generous deductions. Estates use large loopholes to avoid taxes. One example is the use of (Granters Retained Annunity Trusts) funds. Wow bet the freak never tweeted that little bit of facts.

According to the TPC (only and that's only) 50 small businesses and farm estates nationwide (Now remember that's nationwide) will only face an effective 17% tax rate in 2017.

So now let's get to the White House Freak that continues to tell you thru his tweets that the tax plan does nothing for him. (What a Lying piece of garbage) and here's why

The largest estates ( Not Farms) such as Trumps consist of mostly Unrealized capital gains that have never been taxed. Most of the money that heirs inherit would never face any taxations were it not for the estate tax.

What the ignorant Trump supporters refuse to understand and would never bother to research is policy makers created the estate tax in 1916 to serve as a backstop of wealthy wage earners such as the White House Freak would otherwise go untaxed. (BUT IT DOES NOTHING FOR HIM)

Repealing the estate tax will only cause $26 billion in lost funds a year but at an effective tax rate of 17% Trump family could save $1.7 billion out of $10 billion in wealth that Trump claims to have. (I DOUBT HE HAS THAT MUCH RELEASE THOSE TAX RETURNS FREAKO)

So the White House Freak Tweets this tax bill does nothing for him.

Well through massive tax loopholes in the real Estate market Trump ends up with a negative tax base. Now eliminate the Alternative minimum tax he saves $18 million per year out of $385 million in earnings. Eliminate estate tax
His family save $1.7 billion out of $10 billion in wealth of which Trump owes a large portion of dividend income tax that will be eliminated.

But the White House Freak governs by the Tweet and the ignorant Trump supporters just love it.

Kevyn

Wow! You mean that Trump lies to the American people? I am shocked.

CodyCoonhound Loc: Redbone Country

I guess you two never used an estate planner or a financial adviser. What a shame. If you knew more about the options available to every citizen, rich or poor, you might sing a different tune. You ought to go visit one soon.

Airforceone

But we do know that an estate planner is necessary. That's why no farmer has lost a farm through inheritance taxes. It's the ultra rich with dividend income that have to pay taxes on earning that we're never taxed. Inheritance taxes only accounts for $26 billion a year and it's the Ultra rich that have to pay.

Eliminate inheritance taxes will create a way for the unreal rich from ever paying taxes on Dividend income. Just invest in devidend income and leave it there. Kids inherit the estate and no taxes do. That's Donald Trump

Tradition Loc: Staten Island, N.Y.

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Poor little snowflake. I would have thought that after, eight years of Obama and Hillary, nothing would shock you!!

Airforceone

Grow up

Louie27 Loc: Peoria, AZ

What ever one thinks, estate tax's should never be taxed. Most of that money has already been taxed at least once before and should not be taxed another time, no matter what the dollar amount.

Airforceone

That's not true with good estate planning you won't be taxed. Why should the wealthy be able to hide there money in dividend producing income where no taxes have been paid and then leave an estate to his heirs all tax free. Don't forget all the estate tax effects is the Untra Rich. The estate tax collected only make up 3.75% of the total collected revenue collected in taxes. But for a guy like Trump with an estimated worth so he says is $10 billion it's massive savings.