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Showing results for tags 'finance'.
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Which best describes your view of the estate (inheritance) tax? Canada, there is no inheritance tax at the federal level. Instead, the Canadian government imposes an estate tax, which is essentially a tax on the value of the deceased person's estate at the time of their death. Ontario does not have a separate inheritance tax. However, when someone dies and their estate is settled, the estate may be subject to estate administration tax, also known as probate fees, which are calculated based on the value of the estate. A fee of 1.5% is charged on the first $50,000 of an estate's value and 0.5% on the value of the estate above $50,000. United States. As of 2023, the federal estate tax exemption is $12.06 million per person. If an estate is valued at less than this amount, no federal estate tax is owed. If an estate is valued above this amount, then the excess is taxed at a rate that varies depending on the value of the estate. It's worth noting that some states also have their own estate or inheritance taxes. Options: Status Quo The inheritance tax should be eliminated entirely Make it less, but don't eliminate it The wealthiest need to pay a higher percentage of their inheritance Other, add a comment
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Is society, the law too soft on Corporate/White Collar Crime? I think is about perception too. If someone robs a bank compared to someone that commits a corporate crime. Normally, in the media, when someone in corporate gets charged, the media shows the one suspect surrounded by a few lawyers and it gives the watcher the impression that this guy is serious. If someone is dragged in there for robbing 300$ in handcuffs, of course emotionally, people will see the robber as more severe even though the consequences can be more serious when a corporate crime happens, is my position. The Bernie Madoff case, for me, shocked me as to the extent of the tentacles that he had. Also, now, with the most recent scandals in the US, is it fraud? is it a crime? Time will tell. The Department of Justice announced that is probing Silicon Valley Bank's collapse.
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I am getting tired of the Feds taking more money. Every year the take more from my paycheck. It’s sucks that I have a decient job I a union but the pay increases are far less than inflation. Not 1 thing hasn’t gone up in price! Yet I have struggled to get 1.5% each year for wage increase.