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Thread: Obama to call for middle class tax cut extension

  1. #221
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Billy the Kid View Post
    Screaming, whinning and moaning? Rather dramatic IMO.

    Tomato/Tomato.

    I'll just continue to call it a Death Tax.
    So as long as I don't pay my taxes I won't die?!? Great!!!
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    So as long as I don't pay my taxes I won't die?!? Great!!!
    Great to be you then.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    Yeah -its an appeal to class envy that survives only because it isn't applied to more people. any politician who applied it to every estate would be dead within a week
    Like everybody HAS an "estate"!

    Your every post shows how far removed you are from the world in which most people live.
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    Quote Originally Posted by MoSurveyor View Post
    That's bull. It's was offered during the budget committee meetings last fall and the Repo's rejected the idea.

    Now we'll have "mandatory" budget cuts including the military - yeah, we'll see how that turns out IRL ...
    Really? The best that was offered was $1T now for $1T over 10 years.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Aberration View Post
    Really? The best that was offered was $1T now for $1T over 10 years.
    “We feel the ball’s in their court,” said a senior Democratic aide, who like other aides asked not to be named to describe the closed-door negotiations. “They need to put a number on what they’re willing to do on revenue that at least matches where they were in talks between Boehner and the president.”

    During this summer’s battle over the debt limit, Boehner offered to accept as much as $800 billion in new taxes over the next decade as part of a rewrite of the tax code that would wipe out expensive incentives and deductions, and lower rates overall.

    In his session with reporters, Boehner refused to embrace that figure. There was more discouraging news a few hours later, when 33 Senate Republicans released a letter urging the supercommittee to adopt a plan that would rewrite the tax code “with no net tax increase.”
    (emphasis added)
    Debt-reduction supercommittee talks appear to be at an impasse - The Washington Post


    This is part of what I remember from the talks. Would you like to post a link showing something different?


    Ed:
    And keep in mind that's $800B over a decade, a whopping $80B per year.

    Or maybe this one ...
    The aides, who spoke on condition of anonymity because of the sensitivity of the negotiations, said the mortgage tax idea and paring other tax breaks were part of a $1.2 trillion deficit reduction plan proposed by some of the Republican members.

    The added revenues from limiting deductions would have amounted to about $250 billion over 10 years, Democratic aides said.

    But at the same time, the Republican plan proposed a big tax cut for the wealthiest by lowering the top tax rate to 28 percent, from the current 35 percent.
    Pfft! That's not negotiating.
    Last edited by MoSurveyor; 07-15-12 at 06:25 PM.
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    Ok. 800B instead of 1T. I dont see where it supports your claim.
    Last edited by Aberration; 07-15-12 at 06:52 PM.
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    Re: Obama to call for middle class tax cut extension

    Best stats I can find show just under 15,000 estates a year have to pay a tax.

    Most estate are have account/asset consultants so the passing of estates from one generation to another is done in increments to avoid taxes.

    It is an estate tax because a man can die, leave his estate to a qualifying charity and the estate isn't taxed. So the dead dude isn't 'taxed' as the upper 1% or so keep trying to insist.

    In 2009 about 80 'family farms' had any tax liability on their assets over 3.5 million USD. That means the myth of a 'death tax' killing family farms is false. Around here a big farm being broken up generally means the children don't want to farm due to nice city based careers, or they can't decide how to divide ALL the farm assets so they sold and split the money. (most sold land goes to kin around here so the last name on the deed doesn't change.) Most family farms are diversified in their holdings with stocks and interests in local businesses so it isn't traditional assets in question, it is just easier to sell the land no one wants to work and keeping the stocks and business partnerships.

    Anyway, a very few are very upset the land of opportunity doesn't include nobility or charity status for the upper 1%.

    I wonder what countries allow multi-million dollar estates to pass untaxed?

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Aberration View Post
    Ok. 800B instead of 1T. I dont see where it supports your claim.
    That $800 was over a decade - $80B per year - not NOW as you asserted. The Dems tried to get the Repos to even agree to that much and they wouldn't. As the article said, "Boehner refused to embrace that figure" in November.


    Like I said, your claim is bull.
    Last edited by MoSurveyor; 07-15-12 at 07:10 PM.
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    After you learn quantum mechanics you're never really the same again. -Weinberg

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by haymarket View Post
    I did GOOGLE it before I asked . I could not find one instance where the death of anyone was taxed. NOT A SINGLE ONE.

    Not one American death was taxed . I cannot locate one example of it.

    You are screaming, whining and moaning about something which does not exist.
    My mother's death was taxed. I wrote the check.
    Zionism is the National Liberation Movement of the Jewish People.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    Like everybody HAS an "estate"!

    Your every post shows how far removed you are from the world in which most people live.
    You believe that everyone dies broke???
    Zionism is the National Liberation Movement of the Jewish People.

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