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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
    To be fair, a great # of "illegal aliens" are minors who are not in the capacity physically or mentally to control their situation. Attributing criminality to them seems intellectually dishonest. Same way you don't see 2 year olds who accidentally shoot someone with dad's unlocked gun charged with felony murder.
    And where does intellectual dishonesty fit into the scheme of things? Is it intellectually honest to rename a legal term because you don't like the sound of it?

    But doing that is ok for many, while referring to Estate Taxes as Death Taxes is a major breach of standards to the left.

    Let's not let our hypocritical slips show too 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
    No, Frank Luntz didn't invent death.

    To qualify for the Death Tax, one must die. That's why it's called a death tax. If you're not dead, don't worry about it.
    The tax is on the transfer of money to a new owner.
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    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: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by ocean515 View Post
    Beneficiaries don't have to be living. It could go to a school, or anywhere. The decedent could demand the estate be converted to cash, and the entire sum burned in a legal manner. The estate would still owe the taxes on the taxable value.

    Again, it appears you're compelled to comment based on nothing but an ideological/emotional belief, rather than fact. Perhaps you should reconsider doing so.
    If the beneficiary is a tax exempt institution no taxes will be due to the estate.
    That is proof that the tax is on the beneficiary not the deceased.

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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
    Wrong. Creditors can and must be paid before probate. Probate is the division of the estate to the beneficiaries who are taxed if the amount exceeds the deduction.
    Probate is a process. Not every estate must be probated. Who pays the taxes on a $10 million estate where the assets are to be turned to powder, and spread across the ocean?

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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
    don't get pouty--- YOU called it cronyism (which is another word for politico-corporate welfare corruption)

    are businesses that failed under the loan program repaying the government? LMAO
    What ?

    Obama's failed Green Jobs iniative ?

    That wasn't Corporate " welfare ", that was fraud and corruption.

    You should really learn the difference. One is REAL ( Corruption ) and one is a made up false narrative.

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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
    The tax is on the transfer of money to a new owner.
    LOL. What if there is no human owner? Who pays the Death Tax then?

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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
    Probate is a process. Not every estate must be probated. Who pays the taxes on a $10 million estate where the assets are to be turned to powder, and spread across the ocean?
    You site that scenario as though it were common practice.
    Can you show that anyone has ever done that?

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

    Quote Originally Posted by d head View Post
    If the beneficiary is a tax exempt institution no taxes will be due to the estate.
    That is proof that the tax is on the beneficiary not the deceased.
    Remove the if. And remove the institution. Then what?

    A decedent can stipulate anything they want. They can stipulate their entire estate value be converted to gold bars to be buried in a secret place in the mountains that nobody will ever find. As long as they are not violating some environmental or other laws, they can do that.

    Do you think the IRS is going to say, "On dang, if only they had left it to someone alive, we could have collected some Cash-O-La".

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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?
    I would think that an inheritance would also have to be involved, even if there is a dead person. So obviously "inheritance tax" makes better sense.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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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
    And where does intellectual dishonesty fit into the scheme of things? Is it intellectually honest to rename a legal term because you don't like the sound of it?
    OK, you have a point. It's dishonest to call the inheritance tax the "death tax". I'm pretty sure that "death tax" is not a legal term.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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