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

disneydude said:
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.
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That is because BLS doesn't survey California or the 28 others states that have their own minimum wages. Your dishonesty continues
 
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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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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.
 
ocean515 said:
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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It is intellectual fraud of the worst sort as here is no tax on death.
 
ocean515 said:
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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If a person dies and leaves no money to a new person is there a tax on their death?
 
haymarket said:
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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nope sales tax is a different tax altogether. we are referring to the federal government that has already taxed that money as income tax.
now they are trying to tax that same money again when the person dies.

it is nothing more than government theft and should be outlawed.
 
ludin said:
nope sales tax is a different tax altogether. we are referring to the federal government that has already taxed that money as income tax.
now they are trying to tax that same money again when the person dies.

it is nothing more than government theft and should be outlawed.
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There is no tax on death. The tax is on a transfer of money to a new owner.
 
SlevinKelevra said:
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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Yes, this is true, many die with no estate at all. So?

I don't know the percentage of people who die who have no taxable estate wealth. If they have no taxable estate, they have no death tax to pay. So?

I see you were referring to someone with no value to their estate at all. They are subject to the Death Tax, but obviously would have no tax due.
 
ludin said:
nope not at all.
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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.
 
ocean515 said:
Yes, this is true, many die with no estate at all. So?

I don't know the percentage of people who die who have no taxable estate wealth. If they have no taxable estate, they have no death tax to pay. So?

I see you were referring to someone with no value to their estate at all. They are subject to the Death Tax, but obviously would have no tax due.
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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
 
haymarket said:
It is intellectual fraud of the worst sort as here is no tax on death.
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LOL. It is intellectual fraud at best to suggest there is no tax death.

I think the government would have a hard time collecting taxes on the value of someone's assets before they die. As it is, they have to wait until a qualified person checks the "Yep, Dead" box on a thing called a Death Certificate before they can knock on the door with their hand out.

That's why it's known as a Death Tax. Get over it, or keep lying about it. Your choice.

I really don't understand the insults and accusations over it.
 
ocean515 said:
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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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.
 
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ocean515 said:
LOL. It is intellectual fraud at best to suggest there is no tax death.

I think the government would have a hard time collecting taxes on the value of someone's assets before they die. As it is, they have to wait until a qualified person checks the "Yep, Dead" box on a thing called a Death Certificate before they can knock on the door with their hand out.

That's why it's known as a Death Tax. Get over it, or keep lying about it. Your choice.

I really don't understand the insults and accusations over it.
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Can you point to me which law calls it the "Death Tax"?

Or is that just something stupid that we call it, kinda like the "Obamaphone"?
 
SlevinKelevra said:
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
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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?
 
ludin said:
yet the taxes on that money has already been paid.
so yes it is a death tax.
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Not by a new owner it has not been taxed or paid.
 
ocean515 said:
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.
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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"
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It is a dishonest political term used by political people to gain political advantage to benefit themselves in a public policy dispute.
 
iguanaman said:
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.
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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.
 
ludin said:
Filing Estate and Gift Tax Returns
Generally, the estate tax return is due nine months after the date of death.

wrong again.
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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.
 
iguanaman said:
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.
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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?
 
SlevinKelevra said:
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.
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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?
 
ocean515 said:
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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How about : the larger than $5M inheritance tax.
 
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.
 
iguanaman said:
What that have to do with what I said ?
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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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