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<blockquote data-quote="dannyboy" data-source="post: 674854" data-attributes="member: 484"><p>taxes are paid as you cash in on the increased value of investments.</p><p> </p><p>so if he is not cashing in his stock, then why would he pay taxes? so yes, the lady that takes out his trash is showing the income she is taking at this time. if he is not showing an income by selling stock or cashing in on investments, then he does not have an income to tax.</p><p> </p><p>now, that being said, if you cash in 550 million in stock, and 200 million is the increase in the investment, you pay taxes on the 200 million. but what happens if you give 300 million of that 550 million to charity? that means you dont pay any taxes at all on that increase, as you have a higher deduction than income.</p><p> </p><p>one last shot, what about family farms. families have worked for many generations to increase their farms and their holdings. through saving, and hard work.</p><p> </p><p>so why should they, when the father of this family dies, should they have to sell off the farm just to pay the estate tax due?</p><p> </p><p>its that type of stupidity that has made it difficult for the average family to put away serious family value.</p><p> </p><p>d</p></blockquote><p></p>
[QUOTE="dannyboy, post: 674854, member: 484"] taxes are paid as you cash in on the increased value of investments. so if he is not cashing in his stock, then why would he pay taxes? so yes, the lady that takes out his trash is showing the income she is taking at this time. if he is not showing an income by selling stock or cashing in on investments, then he does not have an income to tax. now, that being said, if you cash in 550 million in stock, and 200 million is the increase in the investment, you pay taxes on the 200 million. but what happens if you give 300 million of that 550 million to charity? that means you dont pay any taxes at all on that increase, as you have a higher deduction than income. one last shot, what about family farms. families have worked for many generations to increase their farms and their holdings. through saving, and hard work. so why should they, when the father of this family dies, should they have to sell off the farm just to pay the estate tax due? its that type of stupidity that has made it difficult for the average family to put away serious family value. d [/QUOTE]
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