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Thread: Obama to call for middle class tax cut extension

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by randel View Post
    the act of dying is NOT TAXED...seriously, i dont get what is so hard to understand here. if you paid anything, it is because YOU RECEIVED ASSETS FROM THE ESTATE, WHICH IS 'INCOME' TO YOU. income is taxed in this country.
    There is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
    Last edited by wbcoleman; 07-15-12 at 08:10 PM.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by lpast View Post
    Finally Someone trying to do something for the class that carries this country, in WARS and economically by doing the LABOR and actual WORK...that produces our economy.
    Its refreshing to have someone care about those that really need a break and not just slobbering all over themselves sniveling about how very bad the 1% that has 99% has it....


    President Obama returns to the tax issue today, with plans to call for a one-year extension of George W. Bush-era tax cuts for the middle class.Obama will again call for letting the Bush tax cuts for the wealthy to expire at the end of the year, saying the revenue can be used to help reduce debt and finance middle class programs like education.
    "President Obama today will push for extension of middle class tax cuts," tweeted White House Communications Director Dan Pfeiffer. "Will the GOP join him to provide certainty for 98% of Americans?"


    Obama to call for middle class tax cut extension
    If the current tax rates, the Obama rates are good why mess with them? Oh yeah. It is that whole class warfare thing. Understood.

  3. #243
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by wbcoleman View Post
    There is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
    There is no tax if all the money goes to charity - what's so hard to understand???

    The "estate tax" is essentially a special form of the gift tax that has a HUGE deduction compared to a 'normal' gift.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    There is no tax if all the money goes to charity - what's so hard to understand???

    The "estate tax" is essentially a special form of the gift tax that has a HUGE deduction compared to a 'normal' gift.
    I find it highly amusing how liberals react to the moniker "Death Tax". Funny!
    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 wbcoleman View Post
    I find it highly amusing how liberals react to the moniker "Death Tax". Funny!
    I find it highly amazing how Repos try to slant things using absurd labels! LOL!


    They never could see the difference between government and business so they may as well use Madison Ave like any other well-funded business.
    Last edited by MoSurveyor; 07-15-12 at 08:36 PM.
    Mt. Rushmore: Three surveyors and some other guy.
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    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    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 wbcoleman View Post
    There is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
    the only way YOU have to send a check, you personally, is if you recieved assets from the estate. i explained this once already

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    I find it highly amazing how Repos try to slant things with absurd labels! LOL!

    They never could see the difference between government and business so they may as well use Madison Ave like any other well-funded business.
    There is no more "absurd label" than "Affordable Care Act". But no one is fooled.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by randel View Post
    the only way YOU have to send a check, you personally, is if you recieved assets from the estate. i explained this once already
    You may have explained it, but it isn't true. I had to file Form 706 and sign the check as executor of the estate.
    Zionism is the National Liberation Movement of the Jewish People.

  9. #249
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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.
    I guess you don't know what the term estate means

    ESTATE-is the net worth of a person AT ANY POINT IN TIME. It is the sum of a person's assets-legal rights, interests and entitlements to property of any kind --less all liabilities at that time.


    Wiki definition-its also the correct legal definition.

    I guess all the people you know are debtors.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by wbcoleman View Post
    You may have explained it, but it isn't true. I had to file Form 706 and sign the check as executor of the estate.
    You personally paid nothing from your own pocket unless you received assets...

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