Joke Collection Website - Cold jokes - In the United States, parents change all their property into cash before they die, and then give the cash to their children. Is this taxable?

In the United States, parents change all their property into cash before they die, and then give the cash to their children. Is this taxable?

There is no need to pay taxes, but in fact there is no such tax avoidance (all property is converted into cash).

In the United States or countries with normal financial order, the circulation of large amounts of cash is restricted or defined as illegal. If the parents' inheritance is only a few hundred thousand dollars in cash, there is no need to pay taxes at all. However, if the cash flow of tens of thousands of dollars wants to escape the supervision of the tax bureau, it is purely a joke. It is better to hope that the American tax system will collapse directly (no one collects taxes).

Further reading

Taxation refers to a normative form in which the state participates in the distribution of social products in a compulsory and unpaid way in order to provide public goods to the society and meet social needs, and obtains fiscal revenue. Taxation is a very important policy tool.

Taxation is the most important form and source of national (government) finance. The essence of taxation is a special distribution relationship formed by the state to meet the needs of the public, rely on the strength of the public, participate in the distribution of national income in accordance with the standards and procedures prescribed by law, and forcibly obtain fiscal revenue. It embodies a specific distribution relationship between the state and taxpayers in the collection and distribution of tax benefits under a certain social system. Marx pointed out: 1. "Taxation is the economic foundation of government agencies, not anything else." 2. "The economic embodiment of the country's existence is to donate taxes". Engels pointed out: "In order to maintain this public power, citizens need to pay a fee-tax." /kloc-Holmes, an American judge in the 0 th and 9 th centuries, said: "Taxation is the price we pay for civilized society." All these show that taxation plays an important role in national economic life and social civilization.

Tax law is the tax legal system, which is the general name of legal norms regulating tax relations and an important part of national laws. Based on the Constitution, it is a legal norm to adjust the relationship between the rights and obligations of the state and social members in tax collection and management, to maintain social and economic order and tax order, and to safeguard national interests and the legitimate rights and interests of taxpayers. It is also the code of conduct for national tax authorities and all tax paying units and individuals to collect taxes according to law.

According to the different legislative purposes, tax objects, rights and interests, scope of application and functions of each tax law, it can be classified differently. Generally speaking, according to the different functions of tax law, tax law is divided into two categories: tax substantive law and tax procedural law.