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Thread: Obama to call for middle class tax cut extension

  1. #261
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by randel View Post
    the actual death was not taxed....what part of this do you not understand?
    Form 706 askes for the "date of death". Why is that?
    Zionism is the National Liberation Movement of the Jewish People.

  2. #262
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by TurtleDude View Post
    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.
    Yep, I do know what it means in the dictionary --- but I also know what you mean when you use it and I seriously doubt you're talking about a 10 year old pick up truck, a handful of used clothes, and a bed with a broken spine. In many cases that's all that people leave to the "heirs" (another LOL word for the poor!). Sometimes there isn't even that much as it was all sold off for the nursing home.


    Of course, I wouldn't expect you to consider those situations. I'm sure they are far beneath your notice.
    Last edited by MoSurveyor; 07-15-12 at 09:05 PM.
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  3. #263
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    I'm not talking about names given to actual bills. Both sides have been putzing with those for years to throw people off balance.

    I'm talking about those creative nicknames the Repos use.
    We're good at it, you've got to admit!
    Zionism is the National Liberation Movement of the Jewish People.

  4. #264
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Hare View Post
    Ah, so tax cuts for the business owner themselves stimulate spur economic activity and job creation, but the principle doesn't apply for the vast majority of said business owners consumer base. Interesting world view you have.
    Obviously, the principle applies to both. However, it applies more to the actual job creaters than it does to the consumers.

    Businesses are consumers, too. Ya know?

  5. #265
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by upsideguy View Post
    Nor do high income workers. Jobs are not created by employees, they are created by entrepreneurs, who come from all classes.
    Right and if the tax burdens and regulations are too high, it makes it harder for entrepreneurs to do what they do best; especially rookie entrepreneurs who aren't as liquid.

  6. #266
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by wbcoleman View Post
    I paid the tax from the assets of the estate before any distributions were made. What's your point? It's a Death Tax.
    You paid taxes before you gave the rest to charity?????
    You should really contact the IRS and get that money back ...
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    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

  7. #267
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by wbcoleman View Post
    We're good at it, you've got to admit!
    Well, the Madison Ave types you hire are, anyway.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    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

  8. #268
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by randel View Post
    yes turtle, i am right, you may move along now, and avoid further embarrassment.
    right about what-that the PST hates calling the their beloved bit of parasitic wealth confiscation for what it is

    declaring yourself right is amusing

  9. #269
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by apdst View Post
    Obviously, the principle applies to both. However, it applies more to the actual job creaters than it does to the consumers.

    Businesses are consumers, too. Ya know?
    Where's all the demand from those businesses now? Explain one more time how the business community is going to make money buying and selling things to each other but not consumers. You may as well have the neighbors bring in each others wash to create jobs ...
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    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

  10. #270
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    You paid taxes before you gave the rest to charity?????
    You should really contact the IRS and get that money back ...
    There is no charity deduction unless the bequests are written into the trust or the will. The beneficiaries cannot avoid the tax by choosing to donate their bequests, although they can take a deduction against their own taxable income.
    Zionism is the National Liberation Movement of the Jewish People.

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