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. #1081
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    and that is one of the major reasons why this country is going down the toilet. representation without taxation-people who are net tax consumers have absolutely no incentive to either cut spending or hold down taxes on those of us who actually do pay
    It's a complete load of crap no matter how many times or ways you try to repeat it. If you want low-income people to pay more income tax, arrange for them to have more income. In the meantime, suggestions that the extremely downscale somehow have a stranglehold on the House and a veto-proof majority in the Senate are merely evidence of how extremely loose some screws have gotten around here.

  2. #1082
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    every couple of months some newbie comes along and makes that claim and then one of the mods schools him or her on their error. yet they never seem to learn from their mistakes
    And every forum has its phonies and poseurs. To borrow a little from another poster, what you don't say and the way you don't say it starts to paint a profile after a while.

  3. #1083
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Harshaw View Post
    Neither one requires a substantive response; they're incandescently inane. Post roads do not show "wealth redistribution" as a constitutional function of government...
    The claim actually made earlier was that there was nothing in the Constitution calling for redistribution of wealth. Post offices and post roads were not paid for exclusively by the wealthy and well-educated, but it was only they who benefitted from them. If that does not fit your definition of redistribution of income, you have a flawed definition.

    Quote Originally Posted by Harshaw View Post
    ...and society's two functions are not "risk-sharing" and "wealth redistribution."
    I'm sorry to hear that your education ended short of your having had a chance to look into the matter. That event has left you able to speak only on the basis of nothing.

    Quote Originally Posted by Harshaw View Post
    Seeing as you made these claims, it would be nice if you provided something to back them up. I know they're superlatively silly arguments, but why not give it a shot? You know, documentation, history, that sort of thing.
    I'll tell you what. Take a tour through what we know of the functioning of even the earliest prehistorical societies, communes, and tribes. Investigate the social constructs of primitive and remote peoples still existing in the world today. Let me know when you find a group that is NOT founded on the cornerstones of risk-sharing and redistribution of wealth.

  4. #1084
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by evanescence View Post
    Are you seriously defending this System? The tax system doesn't need to be complex.
    It doesn't need to be complex to accommodate you. More people than you live here. Find a page in the tax code that does not now and never has applied to any of them.

    Quote Originally Posted by evanescence View Post
    Those below the poverty level wouldn't be paying taxes, any more than they are currently. Right now, people making less than $50,000 (approximately) have zero liability. And the fact is, any taxes the wealthy pay will always come out of their plenty, while the poor struggle. You haven't noticed anything new at all.
    Right, I gather that you haven't understood the inappropriateness of the regime you suggested for some period of time. I would suggest spending some time with some discussions of marginal utility theory and seeing if that heps you come to a better understanding of the situation.

  5. #1085
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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.
    Quote Originally Posted by Cardinal Fang View Post
    Deck chairs on the Titanic.
    In what respect?

    Plus most state governments do not have the cushion of deficit-financing. The federal government (obviously) does.
    You are correct. States do not have monetary sovereignty. The US does. Not sure why you bring this up though. I'm not suggesting that the states pay their tax bills with funny money. They would pay their tax bills with real dollars out of their treasuries, just as individual citizens do now.

    All I'm suggesting is that it would simplify the federal tax code to eliminate personal income taxes and substitute 50 tax bills to the states.

  6. #1086
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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.
    Great. So the people in CA, FL, and TX with less to pay could actually pay less and the people in KS, NE, and IA with less to pay are just stuck. That's a good way to push farming into the hands of mega-agro even quicker than it's going now. You'll kill every small business in every state that isn't swimming in $$$ or you'll just kill the whole state. Well, I guess in 50 years or so it'll all average out - you hope.
    Last edited by MoSurveyor; 02-14-12 at 05:55 PM. Reason: wrong quote
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  7. #1087
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    Re: which best describes your view of the inheritance tax?

    On a much lighter note ... if I may..

    as somebody once said:


    " If you can pay taxes to the country while living, you can pay after you die. You should be so used to paying taxes that it would almost be a second nature anyway"

  8. #1088
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Henrin View Post
    I see you ignored me on providing proof of your earlier claim of the purpose of society.
    You presume much too much in terms of the compelling nature of your posts. One phony pseudo-libertarian isn't much different from the next. Mostly a bunch of former neocons trying to pretend they were never Bush-boosters.

    Quote Originally Posted by Henrin View Post
    Lol, what? In order for something to be causing a harm or a gain it has to be practiced. Nice try, but you fail.
    You thought "Markets are wise enough to regulate themselves" was some sort of socialist battle cry?

    Quote Originally Posted by Henrin View Post
    Adding value for nothing is not adding potential and when looking at government additions to the market they have no real potential of growth and when looking at benefits from government given to people that they didn't pay for the potential of those people is lowered not boosted.
    That might have been more impressive had it been written in English.

    Quote Originally Posted by Henrin View Post
    That is hack economics that I tire of. Fist, the progressive tax system does not give more potential to the market by simply giving poor people more money while taking more from the top...
    Yes, it does. Poor people tend to spend their money quickly and they tend to spend it by giving it to others who spend it quickly. The more times a dollar turns over per unit of time, the greater aggregate demand will be and the more jobs will be present in the economy. Rich people tend to spend another dollar when they get around to it. They have no pressing needs or wants, and in the end, they are just as likely to take that dollar out of the real economy altogether and stick it in the financial economy where it will produce no new demand and no additional jobs. These few sentences are why the Bush Tax Cuts for the Rich performed so poorly while the tax cuts in the stimulus bill targeting the middle-class and down performed so well.

    Quote Originally Posted by Henrin View Post
    Second, the progressive tax system by design limits growth of the economy and lowers potential of the poor regardless of them getting taxed less than the rich or even getting more back in return from the government.
    Want to outline a mechanism by which this happens? I certainly don't think you can.

    Quote Originally Posted by Henrin View Post
    Your hack economics are idiotic.
    Actually, I'm at the back end of a very well-compensated 40-year career as an economist. This after completing training in that very field at some of our most well-known and selective institutions of higher learning. I suspect that you would be lucky to qualify as an acorn in comparison to my oak, but go ahead and try swimming against the tide anyway.
    Last edited by Cardinal Fang; 02-14-12 at 06:02 PM.

  9. #1089
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    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.
    Well, a lot of Americans in the unskilled and blue collar labor force are demanding a job with a decent wage , decent wage earners pay taxes how is that unfair?
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  10. #1090
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    It is-cite me the law review article that claims such a phrase is a code for income redistribution
    Site me an article that says only some of the people and not WE THE PEOPLE??

    Really???

    Is greed so important to you you would turn your back on what America stands for?
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