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

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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.
    double taxation!?!?!?!?!?!?!?!? Taxation is infinite and never ending.

    The money I get in my paycheck is taxed. I take it and go shopping and pay tax again. And the store keeper pays tax on the money he takes in from me. And when he spends that same money, it is taxed again. And so on down the line.

    This phony DOUBLE TAXATION argument is totally bogus.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by solletica View Post
    What's so un-american about reducing corporate welfare checks?
    You mean Corporations keeping more of what they earn, that kind of welfare check? You have no idea what you are talking about.

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

    Quote Originally Posted by Conservative View Post
    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
    oh god

    Please. That's what I said.
    “The people do no want virtue; but they are the dupes of pretended patriots” : Elbridge Gerry of Mass; Constitutional Convention 1787

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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

    Um,
    1) many people die with no estate at all

    2) under law, only about 2 people out of 1000 are subject to our dreaded "death tax" as they have no taxable estate wealth.

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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
    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.
    the money is transferred on the persons death in which it is taxed again even though taxes have already been paid on that money.
    it is nothing more than government theft that should be outlawed.

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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.
    Ten Facts You Should Know About the Federal Estate Tax — Center on Budget and Policy Priorities
    swing and a miss, see point #5.

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

    Quote Originally Posted by disneydude View Post
    Must be pretty difficult shuffling around because you constantly get tripped up by the facts. Sorry Con.....but you are dead wrong and have been shown it numerous times. The BLS numbers say that Texas and Mississippi lead the country in the percentage of people working for minimum wage and under. Must make you proud....then again I guess not because you continue to try to distort and dance around. At least its entertaining us all.
    That is because BLS doesn't survey California or the 28 others states that have their own minimum wages. Your dishonesty continues
    Last edited by Conservative; 01-19-15 at 05:33 PM.

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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
    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.
    Why do you keep perpetuating this lie? There is absolutely a death tax. The amount of the tax due can be mitigated by what happens to the dead person's estate, but the tax is due as a direct result of their death. Period, end of sentence. The court will allow a reasonable amount of time to figure out what the estate is worth, but it will demand an end to that time, and a check be written to the IRS based on the value at the time of the person's death, and in consideration of other stipulations the dead person may have had in their will.

    Why so obsessed with the term that you have to lie about it? Don't like the word or something? It's a death tax, deny it all you want, but that is exactly what it is.

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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
    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.
    It is intellectual fraud of the worst sort as here is no tax on death.
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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
    Why do you keep perpetuating this lie? There is absolutely a death tax. The amount of the tax due can be mitigated by what happens to the dead person's estate, but the tax is due as a direct result of their death. Period, end of sentence. The court will allow a reasonable amount of time to figure out what the estate is worth, but it will demand an end to that time, and a check be written to the IRS based on the value at the time of the person's death, and in consideration of other stipulations the dead person may have had in their will.

    Why so obsessed with the term that you have to lie about it? Don't like the word or something? It's a death tax, deny it all you want, but that is exactly what it is.
    If a person dies and leaves no money to a new person is there a tax on their death?
    __________________________________________________ _
    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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