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Thread: White House Tax Plan Would Ask More of Millionaires

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    the estate tax is pure greed
    ... said the trust fund baby.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    real doctors don't have time for that idiotic nonsense
    Yet YOU have time to post here all day....
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

  3. #1613
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    the estate tax is pure greed
    No, its one of the most effective forms of taxation. Why concentrate capital with those that have not earned it? That seems so un-free enterprise...

  4. #1614
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    employed professionals aren't the ones out there smelling like something out of the swamp
    If it is not employed professionals who do you think is
    out there smelling like something out of the swamp

  5. #1615
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by winston53660 View Post
    If it is under a couple million you have nothing to worry about
    Yet. The problem is, you give a mouse a cookie, it's gonna ask for a glass of milk. Our income didn't used to get taxed in this country. Then it was, but only temporarily. Until, of course, it wasn't temporary. But they only took 2%, and that from income $4,000 or over. Until they decided they needed more. Then they took more.

    The death tax only applies to holdings that are worth in excess of 1 million. But here's the rub. An average house, 45 years ago, only cost, what, 10 grand? My house, two years ago, after the bubble burst, cost me 145,000. Wanna guess what THAT will be in 45 years? And, in 45 years, I'll wager my house that they'll be after more than just "in excess of 1 million".

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by KevinKohler View Post
    And exception doesn't invalidate the rule. I'de say it's 50/50, though. With new money and old money. And the absolute, balls out richest people...were BORN that way.
    Well sorry that fact gets in the way of a nice narrative but lets look at the richest people, Bill Gates, warren Buffet the guy from facebook even a lot of the hedge fund guys did not come from very rich families. Oh, Steve Jobs. Of course there are the people like Senator Kerry who married into the ketchup family and the Waltons from Wal-Mart.

    We have a bad few years, but people should not give up on the opportunities afforded in this great nation.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by haymarket View Post
    I never said that there is no wealth that should not be passed on to the next generation. I said it should be taxed..... much like we tax income.

    You have the right to think what you want about peoples motivations - however, I do not think the thought of someone having to pay a tax on a fortune of amassing tens of millions of dollars is going to stop them from amassing that fortune.
    This is probably going to amaze you but I agree that at a certain level there should be taxes on estates. From what I took out of your prior postings was that you wanted to confiscate all of whatever is left of my estate.

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    warrior of the wetlands
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by AdamT View Post
    ... said the trust fund baby.
    Ah poor Adam-still mad that your parents weren't productive? parasitic envy is pathetic



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by KevinKohler View Post
    When I die and pass on my corvette, and my house, on to my kids, I don't want them to have to pay a tax on something that is to be their "start" in life, so to speak. Gifts should not be taxable. it's wrong.
    the value of those gifts would normally not qualify for an estate tax.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by What if...? View Post
    Yet YOU have time to post here all day....
    stop your bloodclot lying

    I post early in the morning-maybe a couple posts per week during lunch and at night

    usually after 7 though I took a couple hours of leave today and started earlier



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