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Dawson Leery

(19,610 posts) Thu Jun 10, 2021, 01:23 PM Jun 2021

A question on the wealth tax. [View all]

How would the government prove what you own? While there are bank records and real estate titles, how can you prove ownership and/or existence of artwork, rare cars, bullion, jewelry, watches (the last three are easy to hide)?

16 replies

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A question on the wealth tax. [View all] Dawson Leery Jun 2021 OP

In order to pass through inheritance, assets have to go through probate, a judicial proceeding StarfishSaver Jun 2021 #1

So until Bezos dies ... Xoan Jun 2021 #3

There are some proposals to tax wealth on an annual basis. unblock Jun 2021 #4

If a parent gives 10 gold bars to each child without declaring it in their will/trust, Dawson Leery Jun 2021 #5

True StarfishSaver Jun 2021 #7

The government sees those assets. Dawson Leery Jun 2021 #15

Gifts of up to $15,000 per year are not taxed at all csziggy Jun 2021 #16

That is an inherent problem of a comprehensive wealth tax unblock Jun 2021 #2

That is my opposition to the tax. Dawson Leery Jun 2021 #6

You oppose the inhertance tax because some forms of inheritance can be hidden? StarfishSaver Jun 2021 #10

While we're at it, let's ban divorce because some spouses hide wealth unblock Jun 2021 #12

Having the IRS search through homes will raise constitutional issues Dawson Leery Jun 2021 #14

Yet millions manage well enough with real estate taxes unblock Jun 2021 #11

If the federal government is serious about getting the wealthy to pay their fair share of taxes... Blanks Jun 2021 #8

Abatements cause so many problems -- property tax not the solution JT45242 Jun 2021 #9

We would need to have ALOT more audits fescuerescue Jun 2021 #13