Re: RE: Re: Tariffs and bikes

On Fri Apr 4 17:59:08 2025 Jeff Liebermann  wrote:

On Fri, 04 Apr 2025 23:36:14 GMT, cyclintom <cyclintom@yahoo.com>
wrote:
>

In California add to the top rate another 12%. plus gas tax, plus salews tax,plus 50% inheretance tax, property taxes.

>
The California estate tax was reduced starting in 2001 and ended in
2005:
<https://www.sco.ca.gov/ardtax_estate_tax.html>
Since your mother died in 2019, you should have noticed that there was
no estate tax.
>
"Estate tax is paid by the estate on its net value, while inheritance
tax is paid by beneficiaries on what they receive, with estate taxes
going to the [federal] government and inheritance taxes to state
governments."
>
"Only six states currently impose inheritance taxes: Iowa, Kentucky,
Maryland, Nebraska, New Jersey, and Pennsylvania."
>
<https://www.actec.org/resources-for-wealth-planning-professionals/state-death-tax-chart/>
"Tax is tied to federal state death tax credit. CA  REV & TAX ??
13302; 13411.
State Type of Tax: None.
2025 State Death Tax Threshold: None
>

and more because all of the rich have left so the have to bleed the poor.

>
Tom, you claimed to have millions in investments.  Why are you still
living in California?
>
03/05/2025
<https://www.novabbs.com/tech/article-flat.php?id=121640&group=rec.bicycles.tech#121640>
"I GAVE $60,000 to my brothers... In order to protect my investments
from any possible recession I have moved from growth stocks into fuds
like Govertrnment bonds which pay low interest rates rather than
growth.  And I still have increased my investments to over $1.1
Million."

    As is usual for Liebermann - "Welcome to the State Controller's Website
The page you requested is not found"