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Thread: Obama to call for new tax increases in State of the Union address

  1. #411
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by ludin View Post
    yet the taxes on that money has already been paid.
    so yes it is a death tax. it is a penalty for dying and leaving what you have to your kids.

    it is what most parents work to save for so that later on their kids can boost and use that to generate their own wealth.
    I don't see why money that has already had taxes levied against it should continue to be taxed again and again and again.

    nothing but government theft.
    What taxes on the money had already been paid and by who?

    There is no tax on dying. The tax is on a transfer of wealth from one owner to a new owner.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by iguanaman View Post
    But if he chose to give it all to charity the Govt. would not take one dime. It is the transfering of wealth (over a million dollars) to another party that requires that other party to pay taxes on his inheritance.
    taxes have already been paid on that 1m it is double taxation to tax it again.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by iguanaman View Post
    But if he chose to give it all to charity the Govt. would not take one dime. It is the transfering of wealth (over a million dollars) to another party that requires that other party to pay taxes on his inheritance.
    Intellectually, they know that. They are simply following the political instructions of others in an attempt to get political change which benefits themselves. So they use a false and loaded term because they think they can make something from it fooling and deceiving others.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by ocean515 View Post
    Impossible.

    Dead and no wealth transfer leads to confiscation of estate by state if there are no identifiable beneficiaries = Ultimate Death Tax
    Where do you think the money should go instead?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    why do you not understand the concept of inflation? the concept of servicing existing debt? the concept of aging populations of retirees? etc?
    An aging population was supposed to be taken care of by "contributions" into the SS and Medicare Trust fund through your payroll taxes, just another tax that you don't understand. I understand inflation completely what I don't understand is why we need a 3.9 trillion dollar Federal Govt and you are incapable of answering the question

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by haymarket View Post
    Do you know why the right uses the term DEATH TAX?

    this from the wikipedia article on inheritance taxes



    It is a political term used for political reasons to further a political agenda.

    There is no death tax. The tax is on money going to a person who did not have that money before.
    Yes, I understand enthusiasm for confiscating money from a persons life effort requires the glee to be somewhat subdued by a PC approach. However, Death Tax is a perfectly accurate description for the process. And yes, there most certainly is, without any doubt at all, a Death Tax.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by ludin View Post
    taxes have already been paid on that 1m it is double taxation to tax it again.
    It is being transferred to a new person who paid NO taxes on that money.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    So the VA was part of the original constitution?
    The military was and this is an expense associated with our military and promises made to our military. Guess that isn't something you understand either, promises made

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by iguanaman View Post
    Where do you think the money should go instead?
    If a person dies intestate, and no beneficiaries can be found, I have no problem with the state receiving the estate. You must admit, that is the ultimate death tax, but it was of the decedents own making.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by jet57 View Post
    Where does the government get that money Mr. More Patriotic Than Thou? Oh, that's right, they pay it from the stash at Fort Knox.
    Just like most liberals you don't understand the taxes you pay or what you pay them for, FEDERAL INCOME TAXES fund our current 700 billion dollar military

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