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

ocean515 said:
Umm. I think you missed the part about the person writing the check was a client, but thanks for the sentiment.

The tax resulted from the death of my wife's client. It was a tax on his estate. The tax was not levied until he died. That's called a death tax.

I understand the greedy confiscation, shut up and be happy thing, envy does that to people who can't dream big enough.
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No, it was levied when his wealth was transferred.
 
SlevinKelevra said:
uh, I just did.
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No you linked to a DOE Page that specifically discusses regulatory justifications for recieving a Government LOAN

Are welfare recipients forced to repay the Government ?
 
ocean515 said:
I think you should do something about your confusion over the meaning of death tax. I'm sure you don't want to look like a fool with your current one.
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Do you know why the right uses the term DEATH TAX?

this from the wikipedia article on inheritance taxes

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"
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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.
 
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Fenton said:
No you linked to a DOE Page that specifically discusses regulatory justifications for recieving a Government LOAN

Are welfare recipients forced to repay the Government ?
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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
 
haymarket said:
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.
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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.
 
ocean515 said:
Yes, it was levied as a result of his death. Alive and kicking = No tax Horizontal and blue in the face = Pay up. That's called a Death Tax.
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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. Dead people don't owe anything to anybody.
 
ludin said:
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.
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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.
 
iguanaman said:
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.
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taxes have already been paid on that 1m it is double taxation to tax it again.
 
iguanaman said:
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.
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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.
 
ocean515 said:
Impossible.

Dead and no wealth transfer leads to confiscation of estate by state if there are no identifiable beneficiaries = Ultimate Death Tax
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Where do you think the money should go instead?
 
SlevinKelevra said:
why do you not understand the concept of inflation? the concept of servicing existing debt? the concept of aging populations of retirees? etc?
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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
 
haymarket said:
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.
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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.
 
imagep said:
So the VA was part of the original constitution?
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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
 
iguanaman said:
Where do you think the money should go instead?
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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.
 
jet57 said:
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.
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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
 
ludin said:
taxes have already been paid on that 1m it is double taxation to tax it again.
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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.
 
solletica said:
What's so un-american about reducing corporate welfare checks?
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You mean Corporations keeping more of what they earn, that kind of welfare check? You have no idea what you are talking about.
 
Conservative said:
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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oh god

Please. That's what I said.
 
ocean515 said:
Impossible.

Dead and no wealth transfer leads to confiscation of estate by state if there are no identifiable beneficiaries = Ultimate Death Tax
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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.
 
haymarket said:
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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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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