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Archives Inheritance Tax vs Income Tax; Originally Posted by ARealConservative perhaps you should reread how you lost the debate. You obviuously don't seem to recollect ...

 
 
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Old 08-28-07, 12:57 PM   #161 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by ARealConservative View Post
perhaps you should reread how you lost the debate. You obviuously don't seem to recollect what either of us said.
First you whine because I claim gave short shift to your conclusory post.

So I say OK, I'll debate it seriously, and I do and ask you to explain how I am being "coersive" and how your point is an argument for exempting the inheritance tax versus any other tax.

Instead of attempting to defend your undefendable position, you punt by saying "reread the thread."

Well golly, we can all see now who it is that is really cutting and running with their tail between their legs.

Anyone who wants to seriously debate the inheritance tax I'll be happy to do so.
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Old 08-28-07, 01:24 PM   #162 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by Iriemon View Post
First you whine because I claim gave short shift to your conclusory post.

So I say OK, I'll debate it seriously, and I do and ask you to explain how I am being "coersive" and how your point is an argument for exempting the inheritance tax versus any other tax.

Instead of attempting to defend your undefendable position, you punt by saying "reread the thread."

Well golly, we can all see now who it is that is really cutting and running with their tail between their legs.

Anyone who wants to seriously debate the inheritance tax I'll be happy to do so.

The debate was about the use of the term "unearned" and your coercion.
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Old 08-28-07, 01:27 PM   #163 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by ARealConservative View Post
The debate was about the use of the term "unearned" and your coercion.
I repeat my position. I'll be happy to seriously debate the inheritance tax with anyone who wants to do so. I'm not going back to reread the whole thread to guess at your meaning.

My last post stands:

"That is the case for all taxes. How is that an argument that there should be no tax on inheritance?"
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Old 08-28-07, 01:46 PM   #164 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by Iriemon View Post
I repeat my position. I'll be happy to seriously debate the inheritance tax with anyone who wants to do so. I'm not going back to reread the whole thread to guess at your meaning.

My last post stands:

"That is the case for all taxes. How is that an argument that there should be no tax on inheritance?"
it's all contained on page 1 - but I do understand your reluctance.
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Old 08-28-07, 03:49 PM   #165 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by ARealConservative View Post
it's all contained on page 1 - but I do understand your reluctance.
I reviewed pages 1 and 2, I adressed your points and stand by my posts.
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Old 08-30-07, 06:00 AM   #166 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by Iriemon View Post
Your argument here is based on frequency of occurence. Because gifts are not as frequent as payment for service, it is not "fair" to tax gifts? How does that follow? What difference does it make how often it happens? And even if it did, why would it be "fair" if the worker has to pay even 10% more tax as opposed ot 50% so the gift recipients aren't taxed?
A very signifigant difference, as a matter of fact. If one were to follow your logic, one would tax one million individuals on their income, all of whom could pay a small fraction of the overall tax revenue, and then find a very small minority of individuals, 100 individuals for example, and tax them on a seperate income external to work, essentially dividing the tax revenue amongst 100 individuals and therefore increasing the burden that each of those tax-paying individuals has to bear. The government could tax a million individuals 1 dollar on their income per month, and receive one million dollars for the month in tax revenue, where if the government were to tax the group of 100 individuals on their inheritance, each individual would have to pay 10,000 dollars each. Each worker only has to pay 1 dollar a month to make up the same tax revenue that each inheritance recipiant would have to contribute 10,000 dollars to. If two individuals in the nation were recieving money through different means again, would the government need to tax them half a million dollars each per month? Of course not. This if of course a hypothetical situation, in which both demographic groups are paying the same amount of tax revenue regardless of the large difference in numbers between the two, which is unlikely to be the case, but it certainly serves to prove my point. This is why the inheritance tax in unfair, aside from the plethora of other more moral reasons, such as those pertaining property rights, individual rights, and indeed, any form of liberty whatsoever. This is the 'difference it makes how often it happens'.

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Originally Posted by Iriemon View Post
There will be hundreds of billions transferred through gift and inheritance over the next decades.
Yes, there will. But under your scheme, most of it will go the government, and the recipiants great grandfather who started out living in the gutter and worked his way up to own his own factory and become rich so that he may give his money to his relatives when he died is probably rolling in his grave when 50 percent of his money is being given to a bunch of pot-smoking lay-abouts, sitting at home watching Jerry Springer and faking two broken legs just so that they can get unemployment benefits. Enough said.

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Originally Posted by Iriemon View Post
Your argument about govt spending is a red herring. If the Govt cuts spenidng, why should not people who earn their money get the benefit as opposed to those who do not?
If the government cuts spending, everyone will benefit, not just inheritance recipiants. I don't understand where the arguement is here.

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Originally Posted by Iriemon View Post
As to donations, the reason why that transaction is not taxed has nothing to do with the fact that the money has already been taxed, but as an incentive to encourage donations to charitable organizations. We can debate whether that kind of transaction should be tax favored, but it has nothing to do with the reason why an inheritance should or should not be taxed.
What difference does it make if I choose to give my money - my property - to one individual as opposed to another individual? What difference does it make if I choose to give my money to my own relative, as opposed to a family in Africa half way around the globe? Whether I give that money to one individual or another is irrelevant; their own personal financial well-being is also irrelevant, because I am the only person who decides to whom my own personal belongings will be given, I am the only one who decides who needs that money the most, I am the only one whose priority matters in the transfer of my own money because it is my property, and my property alone. This is an inaliable right. If inheritance is taxed, why shouldn't donations be taxed? This truly holds a candle to the anti-rich bias of the Left - when money is given to those in need, they dance around singing praises, but if it's going to a white, middle class suburbanite, then they fire from the guard towers and want to levy rediculous taxes. Predictable. If its my money, it goes only to who I decide - only to who I decide.
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Old 08-30-07, 10:01 AM   #167 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by Liberal-conservative View Post
A very signifigant difference, as a matter of fact. If one were to follow your logic, one would tax one million individuals on their income, all of whom could pay a small fraction of the overall tax revenue, and then find a very small minority of individuals, 100 individuals for example, and tax them on a seperate income external to work, essentially dividing the tax revenue amongst 100 individuals and therefore increasing the burden that each of those tax-paying individuals has to bear. The government could tax a million individuals 1 dollar on their income per month, and receive one million dollars for the month in tax revenue, where if the government were to tax the group of 100 individuals on their inheritance, each individual would have to pay 10,000 dollars each. Each worker only has to pay 1 dollar a month to make up the same tax revenue that each inheritance recipiant would have to contribute 10,000 dollars to. If two individuals in the nation were recieving money through different means again, would the government need to tax them half a million dollars each per month? Of course not. This if of course a hypothetical situation, in which both demographic groups are paying the same amount of tax revenue regardless of the large difference in numbers between the two, which is unlikely to be the case, but it certainly serves to prove my point. This is why the inheritance tax in unfair, aside from the plethora of other more moral reasons, such as those pertaining property rights, individual rights, and indeed, any form of liberty whatsoever. This is the 'difference it makes how often it happens'.
No one is or has ever suggested that the inheritance tax rates be set so that the inheritance tax generates the same amount revenue as the income tax. Just the same rate of tax.

Quote:
Yes, there will. But under your scheme, most of it will go the government, and the recipiants great grandfather who started out living in the gutter and worked his way up to own his own factory and become rich so that he may give his money to his relatives when he died is probably rolling in his grave when 50 percent of his money is being given to a bunch of pot-smoking lay-abouts, sitting at home watching Jerry Springer and faking two broken legs just so that they can get unemployment benefits. Enough said.
Your point has to do with expedentures, not how revenues are collected. It is irrelevant, and the same point could be made regarding the the income tax or any other tax.

It is not an argument as to why someone who inherets money should not be taxed.

Quote:
If the government cuts spending, everyone will benefit, not just inheritance recipiants. I don't understand where the arguement is here.
Me neither. What the Govt spends has nothing to do with whether those who inherit should not have to pay taxes.

Quote:
What difference does it make if I choose to give my money - my property - to one individual as opposed to another individual? What difference does it make if I choose to give my money to my own relative, as opposed to a family in Africa half way around the globe? Whether I give that money to one individual or another is irrelevant; their own personal financial well-being is also irrelevant, because I am the only person who decides to whom my own personal belongings will be given, I am the only one who decides who needs that money the most, I am the only one whose priority matters in the transfer of my own money because it is my property, and my property alone. This is an inaliable right.
Yes, this is exactly my point. It makes no difference. If it makes no difference whether you give your money to Ben because you like him or John because he painted your house, why should the transaction with John be taxed if the one with Ben is not? Or conversely, why should the transaction with Ben not be taxed if the one with John is?

Quote:
If inheritance is taxed, why shouldn't donations be taxed? This truly holds a candle to the anti-rich bias of the Left - when money is given to those in need, they dance around singing praises, but if it's going to a white, middle class suburbanite, then they fire from the guard towers and want to levy rediculous taxes. Predictable. If its my money, it goes only to who I decide - only to who I decide.
You can certainly make an argument that donations transactions should be taxed the same anything else, I can see the point. Why should a transaction be tax free because it goes to a church or charity? That just means eveything else is taxed more to make up the difference.

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Old 08-31-07, 12:28 PM   #168 (permalink)
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Re: Inheritance Tax vs Income Tax

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Originally Posted by bigsmitty View Post
If it were up to me, I'd cut income taxes and spending proportionately by at least half.

On the inheritance- It's being taxed once when it's earned, taxed a few more times, then taxed again when it's inherited? Doesn't sound right to me.
Well there inheriter didnt earn the money he or she just got the money. Simliar to winning the lottery he or she didnt earn that money they got it. So I understand the reasoning behind it.
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Old 08-31-07, 09:01 PM   #169 (permalink)
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Originally Posted by rathi View Post
I support inheritance taxes over income taxes simply because the working man deserves his money more than the kids of the rich man.
Pure classism.
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