During a recent interview on "The Bill Simmons Podcast," former Auburn star and NBA Hall of Famer Charles Barkley railed against the government for the taxes imposed on someone's estate upon their death.
Barkley said it was a "shame" that the government could take taxes out on money they had already taxed. He added he was thinking about "burning" some of his money just so the government couldn't have it.
"[I] was working on my daughter's prenup. I have one kid. My daughter, she's the greatest thing ever. So, I was sitting around this room with my accountants and my financial advisors, and they were just telling me how much money the government is going to fuck me out of when I die," Barkley outlined. "And I was like, 'Wait a minute. I've already paid money on this.' They're like, 'Yeah, you have. But when you die, they're going to come back with their hands out and get it.' I was like, 'Wait a minute, that's not fair.'"
"And I'm sitting there arguing with people who get paid ... who are like, 'Chuck, our government are just crooks. You pay taxes on this money, but when you die, they're going to come back and get another couple of handfuls,'" he continued. "And I'm like, 'Damn.'"
"I got a great will. But they only let you put a certain amount in a trust, but you can only hide so much. I was explaining this to my daughter, saying, 'It's a shame,'" Barkley added.
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