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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 SlevinKelevra View Post
    99.8 % of people have no taxable estate . So why is it the "death tax" if only .2% pay it?

    Seems a superduperpoopermajority don't pay a "death tax". The name is misleading and stupid, as was earlier pointed out
    Well, my guess is, even if the number is .2%, to qualify, you first must be dead.

    That's why they call it a Death Tax. Given the qualifier, I'm not sure what other name should be used. No longer breathing tax? Needs to be embalmed and buried tax? Geeze they are getting stinky 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
    yet the taxes on that money has already been paid.
    so yes it is a death tax.
    Not by a new owner it has not been taxed or paid.
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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
    Well, my guess is, even if the number is .2%, to qualify, you first must be dead.

    That's why they call it a Death Tax.
    No - that is not why it is called a death tax.

    Well-known Republican pollster Frank Luntz wrote that the term "death tax" "kindled voter resentment in a way that 'inheritance tax' and 'estate tax' do not"
    It is a dishonest political term used by political people to gain political advantage to benefit themselves in a public policy dispute.
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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
    Except that the dead are exempt from all taxation and fines even criminal ones. The living whom the wealth is transferred to may owe tax on it since it is "new" income for them. That's why it is called inheritance tax.
    The estate owes the tax. There could be no living people who are beneficiaries of the estate. You really don't have a clue about this subject do you? It's really showing.

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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
    Filing Estate and Gift Tax Returns
    Generally, the estate tax return is due nine months after the date of death.

    wrong again.
    What that have to do with what I said except verifying that is not death but the settling of the estate that may include a tax. If it were a death tax it would be due that day after death.

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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
    Except that the dead are exempt from all taxation and fines even criminal ones. The living whom the wealth is transferred to may owe tax on it since it is "new" income for them. That's why it is called inheritance tax. There is a substantial deduction that exempts the vast majority of estates from paying any tax. It is at least a million dollar deduction.
    Do you people realize how foolish this entire discussion is? It is all about getting more money from the people who earned it to fund the bloated 3.9 trillion dollar govt we have today and that just isn't enough for you, is it? Liberalism is a disease, wish people would seek help. Did Gruber talk to you before making his statement?

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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
    you said the $ was already taxed. their article says 55% has income generated through unrealized capital gains and -- hence-- has never been taxed.

    feel free to disprove them, otherwise admit you were talking out of your rectum.
    ahh yes the old stock argument.

    they pay taxes on the stock if it is withdrawn or if it is cashed in.
    they have also paid tax on any dividends that they receive.

    if you leave someone stock then they are not taxed on that stock until they cash it in, but are responsible for any income taxes they earn from dividends.
    which is what most people end up doing.

    see I don't have to lower myself to your level to realize that death taxes is nothing but government robbery.
    why is it that liberals are so aggressive about taking something that doesn't belong to them?

    jealous much?

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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
    Well, my guess is, even if the number is .2%, to qualify, you first must be dead.

    That's why they call it a Death Tax. Given the qualifier, I'm not sure what other name should be used. No longer breathing tax? Needs to be embalmed and buried tax? Geeze they are getting stinky tax?

    How about : the larger than $5M inheritance tax.

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

    Dead people don't pay taxes.
    Those receiving dead peoples fortunes do.
    It is a tax on the beneficiary not the deceased.
    It can not be construed as a "death tax", that would be silly.

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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
    What that have to do with what I said ?
    it deals with everything you said. it deals with the fact that it has to be filed within 6 months of the persons death. it could be locked up in probate for years for whatever reason
    yet it still has to be filed before anyone else gets a dime.

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