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. #1241
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Catawba View Post
    Great, than it won't hurt you to start paying your fair share of taxes again!
    If that were true I'd be paying about 200K less than I do now. The good news is I will always be rich and you are always going to be upset that you are not

  2. #1242
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    Taking money out of circulation is simply a 100% equitable (and extremely cheap!) method to redistribute wealth. When a dollar is destroyed those that are left are worth just a tiny bit more than they used to be. I'm sure you know this, Turtle, don't act so shocked. No, I do not condone burning down a mansion or crushing a 1930 Duesenberg.
    that sure wasn't the way your rant came off

  3. #1243
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    that sure wasn't the way your rant came off
    Just trying to emphasize that giving the money to someone else is not my primary goal. I would prefer it be put to good use by establishing an education fund or something to benefit all but it's not required.

    To answer your other question, I still approve a limit but I think that should be tied into the poverty level. At the current time the inheritance "deduction" is about 500 times the poverty level. I'd think living off someone else's work for 50 years at a level 10 times better than poverty is pretty good. I've heard enough people squawking in this thread about people living off someone else for a couple of years AT poverty level so I can't see them objecting to this.
    Last edited by MoSurveyor; 02-16-12 at 10:26 PM.
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  4. #1244
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    Just trying to emphasize that giving the money to someone else is not my primary goal. I would prefer it be put to good use by establishing an education fund or something to benefit all but it's not required.

    To answer your other question, I still approve a limit but I think that should be tied into the poverty level. At the current time the inheritance "deduction" is about 500 times the poverty level. I'd think living off someone else's work for 50 years at a level 10 times better than poverty is pretty good. I've heard enough people squawking in this thread about people living off someone else for a couple of years AT poverty level so I can't see them objecting to this.

    I would end all taxes on income, estates inheritances etc and tax only consumption

    captures far more income and prevents the extra-constitutional power congress gets by playing groups of tax payers against tax consumers etc

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

    Quote Originally Posted by MoSurveyor View Post
    Then your only option is to run the US government on donations.
    I'm sure donations would always be welcomed. But as I said above, if people expect their life, liberty, and property to be defended and protected, then they will have to pay for that service. People don't just give you stuff for free, and neither should the government. However, as I also said before, if someone wishes to forego having any particular government protect them, then that's their business.

  6. #1246
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Henrin View Post
    I'm well aware of what people like yourself have attempted to do. That doesn't change what the country actually is.
    Actually, reality changes everything. You can cling to your own beliefs - but in the end reality always turns them to compost.
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  7. #1247
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I would end all taxes on income, estates inheritances etc and tax only consumption

    captures far more income and prevents the extra-constitutional power congress gets by playing groups of tax payers against tax consumers etc
    and gives Turtle one hell of a tax cut.

    Which is consistent with every one of the tax positions you have ever advanced here. Even the schemes which contradict your previous positions. They all have the same result - a big tax cut for Turtle.
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  8. #1248
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    and gives Turtle one hell of a tax cut.

    Which is consistent with every one of the tax positions you have ever advanced here. Even the schemes which contradict your previous positions. They all have the same result - a big tax cut for Turtle.
    YOu seem to think there is something wrong with that-I would still pay more than my share of what I use and people like you couldn't get power for your masters as they do now by telling the masses that a vote for democrats means more goodies given to them paid for by the rich

  9. #1249
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Actually, reality changes everything. You can cling to your own beliefs - but in the end reality always turns them to compost.
    The country is a federation of republics and has been since its founding. Trying to claim a different reality changes nothing.

  10. #1250
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I would end all taxes on income, estates inheritances etc and tax only consumption

    captures far more income and prevents the extra-constitutional power congress gets by playing groups of tax payers against tax consumers etc
    I think we all know what you want. It's too bad it won't work.

    I hear what you've been saying. I don't like the Welfare State any more than you do, maybe even less. But that's part of what happens when you dump on the people at the bottom. A pile of poop grows things and it will most likely be flies. But if you process the poop you get rid of the flies and increase crop yields, which is a more productive use of resources. Unfortunately, too many people are stuck on the idea that it's poop, so they add more poop and make things worse.

    Quote Originally Posted by Centinel View Post
    I'm sure donations would always be welcomed. But as I said above, if people expect their life, liberty, and property to be defended and protected, then they will have to pay for that service. People don't just give you stuff for free, and neither should the government. However, as I also said before, if someone wishes to forego having any particular government protect them, then that's their business.
    Who the hell is going to invade Missouri? And if my State can't be invaded then why bother to pay for protective services from Uncle Sam? In fact, that brings up another point. What if Alaska or Maine preferred paying Canada for protection, would that be OK? It's not like the US military is going to be the super-mean fighting machine it is now because no one will want to pay for that much firepower. Corporations might be willing to pay for protection of shipping lanes, though, you can give that a shot.
    Last edited by MoSurveyor; 02-16-12 at 11:23 PM.
    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

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