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Revealed: Biden's 'middle-class death tax'
that means widows' families could get far
less of their estate - and could break his
promise not to hike rates for Americans
making less than $400K a year

Original Article

Posted By: Imright, 6/16/2021 11:06:08 PM

President Biden has promised not to raise taxes on anyone earning less than $400,000 but plans to end an inheritance loophole could do just that, according to a new analysis that suggests a widow with nothing to pass on to her children but her home could be badly hit by proposals that would leave the Bidens' personal fortune untouched.Tucked away in Biden's American Families Plan is a revision to the way capital gains taxes are paid on estates when people die.Critics have dubbed it a 'middle-class death tax' and say it will mean thousands of people having to sell assets to meet tax bills

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Reply 1 - Posted by: Proud Texan 6/16/2021 11:11:16 PM (No. 817989)
This tax is actually a big start on confiscation of private property from the middle class. Ain't communism exciting!
97 people like this.

Reply 2 - Posted by: snapper451 6/16/2021 11:26:03 PM (No. 818008)
Lying sack of you know what. The man has lied and cheated for his 50 year career and yet the press worships him. Idiots!
79 people like this.

Reply 3 - Posted by: PChristopher 6/16/2021 11:45:29 PM (No. 818026)
Told ya
48 people like this.

Reply 4 - Posted by: Avikingman 6/17/2021 12:00:49 AM (No. 818037)
Buyer's remorse anyone? It's on sale.
48 people like this.

Reply 5 - Posted by: DCGIRL 6/17/2021 5:33:55 AM (No. 818122)
With inflation, tax increases, etc. the poor gets poorer and the middle class gets squeezed to death.
53 people like this.

Reply 6 - Posted by: Highlander 6/17/2021 5:56:06 AM (No. 818133)
What is a promise by Biden? Haven’t these sheeple learned that “promise” is merely a word used for political gain by democrats?
39 people like this.

Reply 7 - Posted by: Lazyman 6/17/2021 6:55:03 AM (No. 818152)
The Dims are the rich running the country using the poor as their patsies so what would you expect?
33 people like this.

Reply 8 - Posted by: Strike3 6/17/2021 7:21:07 AM (No. 818187)
Biden's promises are about as weak as his non-campaign was. There are ways to turn your estate over to your widow and kids before your death. Better start using them.
25 people like this.

Reply 9 - Posted by: udanja99 6/17/2021 8:03:05 AM (No. 818225)
Yet almost every act the left passes is claimed to be “for the people”. I can’t believe that millions of Americans are still buying into this charade. I’m feeling a bit hopeless because I don’t think anything will open their eyes. If 9/11/2001 didn’t, what will?
19 people like this.

Reply 10 - Posted by: Are You Serious 6/17/2021 8:29:54 AM (No. 818259)
Face some facts: Joe Biden is irrelevant,. What he says is what he is told to say. He has never been very bright and now, with his dementia in full view for all to see and recognize (except for the American media) , he is being directed by people who hate this country...and we need look no further than the Muslim Barack Obama to see who is trying to destroy this country.
40 people like this.

Reply 11 - Posted by: Zigrid 6/17/2021 9:36:16 AM (No. 818342)
The obama confiscation of funds and property from the middle class is under way with this new tax on Americans... obama really hates the middle class... what's that all about... is his family history such a torment for him that he must punish everyone soon as biden was illegally installed my friends and I started to move our funds around... knowing obama's punishing dictates would be used to bring the middle class to it's knees...the chi/coms don't want ownership and self sufficiency from citizens...they want compliancy...and taking away a citizen's freedom is the first step...
17 people like this.

Reply 12 - Posted by: Rinktum 6/17/2021 9:41:26 AM (No. 818354)
The Great Reset quote is, “You will own nothing and be happy.” Tell me we are not barreling toward this right now. Not sure how many of us will be happy, but there will be enough. If we have ever birthed a generation with an entitlement mentality, it is this one. Sadly, many of them want zero responsibilities and someone to take care of them from the cradle to the grave so they can dwell in their little tech world. I cannot image what this country will look like in ten.or twenty years, maybe less. This is not a path to anything but despair. We were created to be more than this.
14 people like this.

Reply 13 - Posted by: snowoutlaw 6/17/2021 9:47:32 AM (No. 818363)
Is it still a promise if he doesn't remember? If you want to understand the left believe the opposite to whatever they say.
11 people like this.

Reply 14 - Posted by: Zumkopf 6/17/2021 10:07:43 AM (No. 818398)
Odd it is that, over and over, if you want to find out what is happening in America, you need to consult the British press. The First Amendment guarantees freedom of the press. It doesn't say that the press cannot voluntarily enslave itself. And it has done so, with gusto, in service of the Democratic Party.
15 people like this.

Reply 15 - Posted by: Mr. Know-It-All 6/17/2021 10:35:35 AM (No. 818448)
Oh give ol' Dementia Joe a break. We all know he doesn't know what's in all of "his" proposed legislation. He barely knows what country he is in from day to day.
6 people like this.

Reply 16 - Posted by: Kafka2 6/17/2021 11:11:57 AM (No. 818484)
But, Mr. Nice Guy Biden told us he was only going to tax the rich. He talks so nice. I guess anybody who owns a family home when they die must be rich. Therefore, he must force the children to sell the family home to pay the "Death Tax." Old Joe has plans for your family's inheritance in his American Families Plan. Aren't you glad that the rude orange man who lowered taxes, reduce government regulation and grew the economy for everybody's benefit is no longer President. Now we can listen to his replacement sweetly lie to our faces while he destroys the country.
10 people like this.

Reply 17 - Posted by: NotaBene 6/17/2021 11:19:51 AM (No. 818493)
The Democrat-Marxists are against God, Country and Property. “The pursuit of happiness” means the right to private property. Together with the cashless society the international cabal of bankers like the Rothschilds will control the New World Order. The Death Tax shows US what a great President we had in Donald Trump, the one who had the election stolen from him.
6 people like this.

Reply 18 - Posted by: thewarden 6/17/2021 11:42:49 AM (No. 818510)
I am to inherit my mom’s home (if I want it) which is worth over $2 million (was bought for $30,000 in 1965). But, it probably won’t happen now. Also, a new law in CA adds to the issue. I’m so ticked off. Of course, my Dem friends already got their inheritance so screw me. I hate them. In places like CA, you can easily hit the $1 million in property and it doesn’t make you rich.
4 people like this.

Reply 19 - Posted by: mc squared 6/17/2021 12:28:05 PM (No. 818562)
How could anything named 'The American Families Plan' hurt middle class families?
5 people like this.

Reply 20 - Posted by: little guy 6/17/2021 12:39:30 PM (No. 818576)
Sadly only a handful of people these days actually understand economics as it has been re-invented from Keynesian (government drives supply and demand by printing money and handing it out) to today's Modern Monetary Theory (digitize money and use it as a revolving door for just the one user --- and then take it all away by using taxes, both annual and final, --- and then redistribute the fake money to another sucker). Btw --- The Milton Friedman philosophy of the Fed being Monetarists is long dead. Basically, what happens is the money supply gets so out of control (debt becomes a figment of your imagination) that every generation has to be "re-set". Simple: Take the money away by high yearly income taxes and finish it off with death taxes. Thus, junior gets a much smaller & inflated inheritance and needs his mate to also work to maintain a set standard! In 1960 you could pay off your mortgage & most credit card bills with your parent's inheritance ... now you can buy a new kitchen if you're lucky. The mere fact that in my sort lifetime of 7 decades the price of a non-fancy car has gone from $1,800 to at least $30,000 and a house with 3 beds/2 baths has gone from $30,000 to $250,000 shows true inflation. We say it as a joke but it's not funny. As long as everyone on the monetary treadmill keeps running ... the mat will move. You'll stay in the same place and just get more tired!
5 people like this.

Reply 21 - Posted by: Penney 6/17/2021 12:42:36 PM (No. 818579)
What more damage can he do to America?! His handlers will no doubt think of many things. He's only into a few months in office with more to come.
4 people like this.

Reply 22 - Posted by: A2zed 6/17/2021 5:47:56 PM (No. 818856)
I suspect this is a way they are going to start confiscating farms. If they can control the food production they can control the people. Think of the Soviet Ukraine, Zimbabwe, Venezuela. The younger generation will not be able to pay the taxes on the land and will have to sell the farm to big Agra or have it taken by the government.
2 people like this.

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