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. #1021
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    I've said before that I think the simplest solution would be for the feds to issue 50 tax bills, one to each state. Each state gets billed for their share (apportioned by population) of the federal tax burden. Done. No IRS, no tax law, no deductions. Just 50 tax bills.
    That could work. Then again the states would find a way to make their own taxes ridiculous and then we're essentially back at square one.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  2. #1022
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    That could work. Then again the states would find a way to make their own taxes ridiculous and then we're essentially back at square one.
    You have a point. But one could always leave a ridiculous state for a less ridiculous state.

  3. #1023
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    You have a point. But one could always leave a ridiculous state for a less ridiculous state.
    True. To play devil's advocate though, at some point the federal could jack the rates up to a point that the other states may not have a choice but to get every dollar they can. Some sort of maximum would have to be set nationally.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  4. #1024
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    That could work. Then again the states would find a way to make their own taxes ridiculous and then we're essentially back at square one.
    well yeah, there's that. But that seems to be the nature of everything in life. Every solution creates another problem. Even still, I'd rather have a state tax problem than a federal one. It's easier to deal with on a state level.

    And while we're at it, let's eliminate the Fed.
    “In politics, stupidity is not a handicap.” -Napoleon

  5. #1025
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    True. To play devil's advocate though, at some point the federal could jack the rates up to a point that the other states may not have a choice but to get every dollar they can. Some sort of maximum would have to be set nationally.
    Good point. Setting a maximum sounds like a reasonable idea.

  6. #1026
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by evanescence View Post
    well yeah, there's that. But that seems to be the nature of everything in life. Every solution creates another problem. Even still, I'd rather have a state tax problem than a federal one. It's easier to deal with on a state level.

    And while we're at it, let's eliminate the Fed.
    True, and amen to eliminating the Fed. They have done nothing but devalue the dollar since we got off the gold standard.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  7. #1027
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by evanescence View Post
    well yeah, there's that. But that seems to be the nature of everything in life. Every solution creates another problem. Even still, I'd rather have a state tax problem than a federal one. It's easier to deal with on a state level.

    And while we're at it, let's eliminate the Fed.
    You mean the Federal Reserve? Or the federal government?

  8. #1028
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    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.
    psychobabble. right now more people are net takers than producers when it comes to the government. More people are getting more from the federal government than they pay in taxes. And the main issue you ignore (because it is uncomfortable to your welfare-socialist yearnings) is that what people like me have problems with is not that the poor don't pay enough taxes but they demand stuff they are unwilling or unable to pay for and this tax scheme encourages that.

  9. #1029
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    Yes, if we had left income taxes the way they were under Clinton, a lot of these problems could have been avoided.


    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.
    More illogical drivel. For the clinton tax system to work we'd need another huge dot com bubble that meant those being taxed more were actually getting more net income. Nice try but your claim is bogus

  10. #1030
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    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.
    another complete failure and an idiotic assumption on your part. what I want is a system that those who cannot afford what they want don't have the ability to make others pay for their needs without them also paying more

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