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RE: Independently Indebted

in LeoFinance8 hours ago

I would love to one day be able to buy an apartment in my daughter's name and any income it makes would go to her, and of course anything else I own after I die. Here a house is a taxed inheritance unfortunately. It is pretty crazy how much tax the governments can claim, and then grossly misuse the income that people have worked so hard all their lives for.

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Dear me! So if someone inherits a house, they must come up with loads of money to keep it?! That's not right. It's a lot like Kamala Harris' brilliant idea to tax Americans on unrealized gains. Many of us would lose our homes while we were still living in them, nothing to be done but sell it. Then all those houses would flood the market, but only the rich would be able to buy even the least expensive of houses.