View Poll Results: which best describes your view of the inheritance tax?

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  • There should be no inheritance tax of any amount of money or assets.

    84 54.90%
  • The first 5 million dollars should be exempt. After that the tax rate should be 35%.

    21 13.73%
  • The first 5 million dollars should be exempt. After that the tax rate should be 50%.

    12 7.84%
  • The first 1 million should be exempt. After that the rate should be 50%.

    19 12.42%
  • No exempt amount. Tax at 35% from the get-go.

    9 5.88%
  • No exempt amount. Tax at 50% from the get-go.

    1 0.65%
  • Abolish all inheritance. In other words, tax 100%.

    7 4.58%
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Thread: which best describes your view of the inheritance tax?

  1. #1001
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    According to the sixteenth it does. As I said earlier economic discrimination is still discrimination and if someone wanted to press the issue using the equal protections clause they would have a decent case.
    They would have no case at all. There is no relevant injury to claim unless your million dollars is taxed differently from the million dollars of someone else similarly situated. Keep in mind that you pay the same taxes on your first $100K of income that someone who only makes $100K does. No case to be made there either.

  2. #1002
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    same with everyone else-especially the 50% or so who pay NO INCOME TAX. Guess what, the rich pay a higher percentage of the income tax now than at any time in the last 60 years.
    More third-grade thinking. First of all, the number you cite is the percentage of 1040's filed showing a positive AGI but no NET tax owed. If that wasn't enough to lose you, consider that better than 20% of them are from full-time students who file a 1040 just to get back the taxes that were withheld while they worked summer or other part-time jobs. Did you ever do that? Further, the bottom 20% actually pays an average of 16.3% of their income in federal, state and local taxes, despite the fact that their federal income tax rates become negative due to the EITC and ACCC WORKFARE programs that we administer through the IRS.

    The wealthy pay such a high share of all taxes because they have such a high share of all income. Indeed under Bush their effective tax rates were sinking like a stone, but their income share was increasing so rapidly that their share of taxes went up anyway.

  3. #1003
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    are you unaware of the fact that the income tax structure is a main reason why we have a deficit?
    Yes, if we had left income taxes the way they were under Clinton, a lot of these problems could have been avoided.

    Quote Originally Posted by LaMidRighter View Post
    As a matter of fact, the largest bank in America Golman Sachs paid almost nothing as well as General Electric and both contribute enormous sums of money exclusively to Democrat candidates.
    Another ridiculous claim. A great many corporations end up owing no income tax, but not continuously. Zero tax this year, lots next year. Do some research. Corporations are not stupid. They contribute to both sides while leaning toward candidates who appear likely to win. That may indeed stand to hurt Republicans a good bit.
    Last edited by Cardinal Fang; 02-13-12 at 10:57 AM.

  4. #1004
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    only spending and much of that spending is because those who demand it aren't taxed to pay for it
    I guess you would support a system under which everyone paid taxes, but then the government turned around and sent everyone a check for the exact same amount. That would be "fair" in your eyes, but anything else it seems would not.

  5. #1005
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    your opinions I call psychobabble along with your claims that "we the people"=a justification for income redistribution
    The two basic functions of any society are risk-sharing and redistribution of income. Can't handle it? Don't live in a society.

  6. #1006
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    More psychobabble. Nothing in the constitution, its preamble etc suggests that income redistribution is a proper function of the federal government. The only thing I am unhappy with is the amount of parasites who think they have a claim to the wealth of others
    The Constitution in Article I-Section 8 calls on the new federal government to establish post offices and post roads. These enable mail to move efficiently around the new country. The bulk of the new country's residents are illiterate and have no use for mail. This is a transfer of wealth to the purposes of the already wealthy and well-educated.

  7. #1007
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    the whining left complains that Mitt only pays 14% (and millions) while being mum about the millions who pay nothing
    They don't OWE anything. Most of them make less than $20 THOUSAND per year. These are the big horses you think should be carrying the load??? That's a crackpot notion.

  8. #1008
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    As an experienced attorney trained at one of the nations best law schools...
    LOL! It seems that more than one lily has been gilded around here!

  9. #1009
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    LOL! It seems that more than one lily has been gilded around here!
    Just trying to be nice. Going for the Congeniality Award this year.
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  10. #1010
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    The Constitution in Article I-Section 8 calls on the new federal government to establish post offices and post roads. These enable mail to move efficiently around the new country. The bulk of the new country's residents are illiterate and have no use for mail. This is a transfer of wealth to the purposes of the already wealthy and well-educated.
    Quote Originally Posted by Cardinal Fang View Post
    The two basic functions of any society are risk-sharing and redistribution of income. Can't handle it? Don't live in a society.
    I'm always fascinated by what people invent when they're grasping at straws. Must admit, this is very entertaining bull****.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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