If there was ever a reason to NOT vote Republicanazi, BUSH... and this topic are it.
Here's a reason to oppose this bill:
Is there some reason large businesses should be treated more severely?Obama's plan would offer small banks capital and incentives to lend to small businesses, to unlock frozen credit for the small firms.
It would also create tax incentives for new investments by small businesses which want to expand -- for instance, offering quick tax reductions for outlays on new machinery or equipment.
The plan would also wipe out capital gains taxes on key investments in small businesses, in a bid to encourage the flow of capital to such firms.
If something promotes job growth, shouldn't it be applied to ALL sectors of American business equally, as the Fourteenth Amendment requires?
Is the Messiah so ignorant to think that large business don't need capital, too?
What's wrong with that boy?
And if cutting taxes on businesses is good for the economy, just think of how much better cutting taxes can be for the indivdual, who will then have additional money to participate in the economy.
Damn, is the Messiah trying to repeat what he kept calling a "mistake of the past"?
Let's look at this in real terms.
the old man croaks. Leaves a megabuck to his kids.
The tax on the "estate" is half.
that means the kids get half-a-megabuck.
That means the kids paid half-a-megabuck they could have had.
Now, if the estate was a business, the business has to be sold to provide the government's half-a-megabuck, and then the heirs are left with just cash, not a viable business concern.
Unless someone's family farm is IMMENSE (like the size of Delaware), they're not going to pay it. EVER.
The "death tax" myth is insane. It's more of the poor-supporting-the-rich, Republican style - handing their money upward to the Paris Hiltons of the world and smiling while they go take their job as a greeter at Wal-Mart after they were laid off from the factory.
Who pays the estate tax?
The loophole of having no estate tax this year cost the government between $25 and $30 Billion. And God knows, the Steinbrenners would have gone BROKE if they'd been taxed this year. But now, thanks to the loophole, they can pay ARod a $40 million bonus if they'd like. Thank God! Oh, but don't you DARE extend unemployment benefits without paying for it. THAT would destory the nation. But do give tax breaks to the Hilton, the Steinbrenners, and the ARods of the world. They need help in these belt-tightening times.
Didn't this just get passed? What is the full name of this bill?
How is it the poor supporting the rich? The recently deceased put a lot of hard work into growing his business, savings, whatever, to get his estate to the point that it's at. He did this through hard work, ideas, etc. In most cases he accumulated this wealth with the hope of passing the security to his family.
How is not confiscating the proceeds from his work and savings, that he hoped to pass on to his wife and children, that he has already paid taxes on, stealing from the poor? Talk about the ever increasing spiral into an entitlement society. Allowing a rich person, who died, to pass the money he has worked hard for on to his family is now considered stealing from the poor.
I wonder how much you make per year, and if the government needs to take more then they already do in order to pass it on to those that make less. Afterall, I have no doubt someone looks at you as rich, and feels entitled to the proceeds of your work. You are obviously stealing from those that have less income then you do.
Last edited by buck; 08-01-10 at 07:33 PM.
People like Paris Hilton pay far far more taxes than they use
where do we get people who whine that the government doesn't take enough wealth>
we get in from the creation of an entitlement mentality that other people have a duty to fund their existence.
NO ONE SHOULD BE SUBJECTED TO AN ESTATE TAX. They have already been taxed plenty if they leave enough to be subjected to the death confiscation tax.