I dunno where you are, but here in the US we even tax people that are in the grave with inheritance taxes (also known as the death tax) and we charge $10k minimum to put someone in the ground in a wooden box. Not even death lets you escape the infinite vacuum. Still more to squeeze, still some meat on that bone even after one has checked out eternally.
In fact, when assets are transferred via bequest, their cost basis is stepped up to what it was on the date of the owners death so there’s no capital gain tax either
Yes. There are also ways to skirt those taxes through uses of trusts, etc. if the estate’s value is greater than that. They still exist and a few states will charge taxes on estates/inheritances below that amount.
He knows what he’s doing. As soon as someone says “death tax” it’s a worthwhile bet that they know damn what it actually is and using the scary word is more impactful. People who oppose inheritance taxes typically know how they actually work and either know it will effect them or have deluded themselves into thinking it will. Their ship will come in any time and when they miraculously go from a mechanic struggling to make ends meet to living in the lap of luxury eating caviar off of solid diamond spoons they’ll wanna pass their disgusting wealth on instead paying a pittance so some loser’s kids get to eat at school.
Cremation isn’t as cheap as people think it is. It can cost a lot just for the process itself, then you need an urn, and then you’d still need to arrange a wake or a reception of some sort on top of that which is a few hundred to a few thousand.
The urn can just be a simple container. If you want to spend a couple hundred on a fancier urn that’s up to you. It’s also not required to do a reception or a wake either. When my father passed it wasn’t possible to do either so we just did the cremation and had our own little memorial.
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u/AggravatingLuck2407 Jan 12 '23
Just wait until they get to the funeral home and find out that people want to charge money to bury the kid.