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. #1091
    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
    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.
    as usual you miss the obvious point. The obvious point being if we had a proper tax system the poor would not be demanding more and more government spending because they would pay more if the people they elected engaged in more and more government handouts.

    that's the point you ignore. I don't necessarily want the poor to pay more taxes. I want a tax system that provides a rather strong incentive for the masses to be adverse to excess government spending and if the poor really want the rich to pay more, they face the same percentage increase.

    Right now those who are suckling on the public tit have no incentive to demand less government or lower taxes on other people but rather the opposite

    which is what your agenda desires

  2. #1092
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by presluc View Post
    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?
    then I suggest they have the skills that garner such wages for them

  3. #1093
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    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.
    and every forum have people who are consistently wrong and don't learn from their errors

  4. #1094
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by presluc View Post
    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?
    You have engaged in pure idiocy and specious speculation by claiming that 'we the people' is a foundation for income redistribution

  5. #1095
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    In what respect?
    In the respect that you don't actually solve anything. You merely play hot-potato and hand the situation off to the states. As if they are equipped to handle it. States will have to double and triple their revenues in order to raise the funds necessary to pass back to the feds. As state income tax structures are much more regressive that the current federal structure, rates will have to go even higher than that, or they will need to be made just as progressive. Additionally, you risk creating major diseconomies of scale.

    Quote Originally Posted by Centinel View Post
    You are correct. States do not have monetary sovereignty. The US does. Not sure why you bring this up though.
    I bring it up because the feds can spend money they don't actually have. States cannot. If the state economy suffers a bit of a downturn, remission of a fixed tax bill to the feds may leave them with insufficient funds to operate state government. Your new regime will make planning a nightmare for state legislatures that draft 2-year budgets.

    Quote Originally Posted by Centinel View Post
    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.
    States have virtually no money above and beyond their various tax revenues. They are not like households.
    Last edited by Cardinal Fang; 02-14-12 at 06:52 PM.

  6. #1096
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    Re: which best describes your view of the inheritance tax?

    My choice would be to tax only that amount RECEIVED if it exceeds $5 Million per person, then at capital gains tax rate.
    Spouse pays nothing as the estate is intact until he or she dies.
    THEN, divvy it up evenly among kids, grandkids, close family members, etc. People like Bill Gates and Warren Buffet would have some problems with this, but the rest of us won't.
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  7. #1097
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    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.
    Holy ****; that's even MORE incandescently inane. Stop. Stop now before you reach the stupidity event horizon. You cannot possibly believe what you're posting.


    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.


    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.
    Oh, I see. Instead of actually presenting a case, you simply say "look it up." Well, that's YOUR job.

    Speaking of Internet poseurs . . .
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  8. #1098
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    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.
    Well there is another thing you have to prove. I was always a libertarian. The only view that I really changed as I got older was on abortion. The rest of it was as it is now.


    You thought "Markets are wise enough to regulate themselves" was some sort of socialist battle cry?
    I thought nothing of the sort, thank you. I have put out before in other threads what I think of regulation and how to resolve the issues that are present in the current avenue being done to that end.

    That might have been more impressive had it been written in English.
    It's really not my fault you can't read.

    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.
    Their encouragement for advancement their ability to gain future earnings from that dollar are limited and compared to the outlook of when the higher earners spend on the economy as a whole the return on taxing them less while giving them free things does not counter the effects of higher taxes on the higher ends.

    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.
    Not my point and that depends greatly on variables I am mentioning.

    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.
    That is complete horse****. Rich people spend great deals of money if they are producers or people that have gained their wealth through other avenues. This spending does create jobs fair easier than when poor people spend money. You are forgetting that people don't just buy when they need, they buy when they want, and in essence the more people earn the more they not only spend but need to maintain their lifestyle.

    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.
    Lol, what? Considering that all the stimuluses has lower returns than otherwise would be noted without it and considering that the bush tax cuts did what they were intended to do what you said is trash.


    Want to outline a mechanism by which this happens? I certainly don't think you can
    .

    Taxes takes wealth out of the economy and what it gives back is less than the wealth took out. Considering that wealth it takes out of the economy is on the top that includes a great deal of small businesses it hardly matters if you give more to the poor as the return for investment is not only hurt from the taxes themselves but how they are dealt out.

    As for the later part, motivation for labor and advancement in general is triggered from need of labor and overall want to move forward. Considered that many of these people are already not motivated(keep in mind I didn't say majority here) giving them what they need from the start not only stops them from wanting advancement or discovering a want for advancement but needing advancement. This is basic human nature and works for rich or poor.

    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.
    I suspect I can keep up with you and I suspect it hasn't done you any good. Many economist believe in trash and you appear to be either one of them or someone that believes in their trash.
    Last edited by Henrin; 02-14-12 at 06:59 PM.

  9. #1099
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    that is how it should be. If I don't want to live in a state where gays cannot marry, I can move. If I don't want to live in a state where honest people cannot own machine guns or use medicinal marijuana I could move. If my state became a paradise for parasites so that my state filled up with those suckling on the public teat thereby increasing my taxes, net tax payers could move and that would sort of take care of the problem. Liberals hate that idea
    These rich couldn't leave America though,I don't think other countries would be so generous with bailouts and loans to rich corporations.
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  10. #1100
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    You have engaged in pure idiocy and specious speculation by claiming that 'we the people' is a foundation for income redistribution

    No sir I have not stated that.

    "WE THE PEOPLE" is not a foundation for income redistribution.

    "WE THE PEOPLE" is a foundation of America the nation.

    However where does we the people stop?
    Does it stop at income redistributation?
    Let somebody besides the rich pay?

    Does it stop at military volunteers who fight and die for this nation?
    Let somebody besides the poor and middle class go?

    Does it stop at the judicial system.?
    Don"t waste tax payers money on trials if they get caught of any crime take them out back put two bullets in their head and cremate what body parts you can't use.

    So where does WE THE PEOPLE stop being "WE THE PEOPLE"?
    Tiki bar regular.
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