Data Point – Govt doesn’t like you giving your money away without getting a cut

by
Skip

Sounds like the Mafia, right – “a cut”.  But what other takeaway can there be to this but that Govt wants us to be less charitable – but they want more:

In 2012:

  • you can give a tax-free gift of up to $13,000 per person.
  • If you’re married, you and your spouse can each make such a gift (total of $26,000)
  • Lifetime gifting:  Lifetime giving each is $5,120,000 to a person

In 2013,

  • Lifetime gifting:  the limit drops is $1,000,000 to a person (big drop from $5MM)

Once again, we see Government wanting more and Society with less.  If I have earned this money, and I want to give it to someone of my own free and voluntary will, why should Govt get a cut for which they have not earned? On money that I have already paid taxes once on (and if the money is derived from dividends, money that has been taxed TWICE).

So, who are the greedy ones?

Author

  • Skip

    Co-founder of GraniteGrok, my concern is around Individual Liberty and Freedom and how the Government is taking that away. As an evangelical Christian and Conservative with small "L" libertarian leanings, my fight is with Progressives forcing a collectivized, secular humanistic future upon us. As a TEA Party activist, citizen journalist, and pundit!, my goal is to use the New Media to advance the radical notions of America's Founders back into our culture.

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