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. #1251
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    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?
    You make a good point.

    In fact, that brings up another point. What if Alaska or Maine preferred paying Canada for protection, would that be OK?
    Would that be okay with who? Me, I have not problem with it. I am not the boss of them.

    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.
    I agree. Those who wish to keep shipping lanes open must pay someone to do that job.

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

    Quote Originally Posted by TurtleDude View Post
    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
    First, your share of what you use is irrelevant and you know that based on countless past discussions. Taxation is not like shopping at Costco where you fill your cart with only what you want and ignore what you do not want and then you pay for only what you want at the checkout. That model may work well for retail shopping but it is irrelevant for taxation. In the past, even you admitted such system could not work and was impractical and impossible to administrate.

    Second, I have no masters no more than you yourself do and for you to use that pejorative term is an insult intended to sidetrack discussion. You should refrain from continuing in that negative direction.

    Third, I do think that there is indeed something wrong with jumping from one tax plan to the next when the premise behind one contradicts the premise behind the other and the only common element element is a personal tax cut for yourself. Yes Turtle, I do think there is something very wrong with that. I would hope principle is the factor behind public policy and not individual greed or personal gain. We cannot have a nation where greed and personal consideration matters more than the collective good of 311 million Americans.
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  3. #1253
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Henrin View Post
    The country is a federation of republics and has been since its founding. Trying to claim a different reality changes nothing.
    You may have a point if we were posting this in 1787. My calendar now says it is 2012. 225 years have passed and so many changes that it would take an entire book to discuss them.

    Perhaps you have heard of the term "Jacksonian Democracy"? It refers to the democratization of voting that happened in the 1820's where the land owner requirement was eliminated as a qualification for voting.
    http://en.wikipedia.org/wiki/Jacksonian_democracy

    Perhaps you have heard of various Constitutional Amendments which expanded the franchise to other groups not permitted to vote in 1787? There are several and can be found in a copy of the Constitution.
    http://en.wikipedia.org/wiki/List_of...s_Constitution

    Perhaps you have heard of other Amendments like the one that took power away from state legislatures and placed the power to elect US Senators in the hands of the people?
    http://www.senate.gov/artandhistory/...n_Senators.htm

    Perhaps you have heard about the one man one vote decision which democratized the drawing of districts for the House?
    http://en.wikipedia.org/wiki/One_man_one_vote

    Perhaps you have heard about direct democratization in the early 20th Century Progressive Movement through things such as recall, initiative and referendum placing more direct power into the hands of actual citizens and voters and less in government representatives themselves.
    http://ballotpedia.org/wiki/index.ph...and_referendum

    If you are not aware of these and their impact helping to change the nations basic political structure, a good American history text can do the job. Of course, these that I mentioned are just skimming the surface.

    As a result of all these things and more, we are no longer what we were in 1787. Its a whole different world out there, a whole different nation, and the Founders indeed would need some time to get used to the fundamental changes that have democratized America.

    Because of all that we are now a democratic republic under a Constitution.

    All of that evidence from the historical record can be quickly verified in any decent book on US History or US Government.

    Look up the article on the United States on Wikipedia.
    United States - Wikipedia, the free encyclopedia

    The United States is the world's oldest surviving federation. It is a constitutional republic and representative democracy, "in which majority rule is tempered by minority rights protected by law".[56
    ]

    This article gives you a good explanation

    http://www.williampmeyers.org/republic.html


    More important to our democracy-versus-republic debate, the U.S. Constitution left the question of who could vote in elections to each individual state. In most states only white men who owned a certain amount of property could vote. So, on the whole, the first federal government that met in 1789 was a republic with only a fig-leaf of democratic representation. This is what today's commentators mean when they say America is a republic, not a democracy. Fortunately (for the democrats), the early federal government was not very powerful. In state after state it became easier for white males to qualify to vote. And slowly, decade after decade, our republic became a democratic republic. At the national level the major steps toward democracy can be marked by amendments to the U.S. Constitution. The Bill of Rights guaranteed limits to the power of the federal government. The Thirteenth Amendment abolished slavery. The Fourteenth Amendment effectively extended the vote to all adult male citizens, including ex-slaves, by penalizing states that did not allow for universal male suffrage. The Fifteenth Amendment explicitly gave the right to vote to former slaves. After the Supreme Court ruled that the Fourteenth and Fifteenth Amendments did not extend suffrage to women, a vigorous campaign for the vote was launched by women, who received the vote through the Nineteenth Amendment in 1920.

    But the main Amendment that tipped the scales from the national government of the United States being a mere republic to being a true representative democracy was the often-overlooked Seventeenth Amendment, which took effect in 1913. Since 1913 the U.S. Senate has been elected directly by the voters, rather than being appointed by the state legislatures. That makes the national government democratic in form, as well as being a republic.

    I would be happy to offer more if you require it.
    Last edited by haymarket; 02-17-12 at 08:23 AM.
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  4. #1254
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    First, your share of what you use is irrelevant and you know that based on countless past discussions. Taxation is not like shopping at Costco where you fill your cart with only what you want and ignore what you do not want and then you pay for only what you want at the checkout. That model may work well for retail shopping but it is irrelevant for taxation. In the past, even you admitted such system could not work and was impractical and impossible to administrate.

    Second, I have no masters no more than you yourself do and for you to use that pejorative term is an insult intended to sidetrack discussion. You should refrain from continuing in that negative direction.

    Third, I do think that there is indeed something wrong with jumping from one tax plan to the next when the premise behind one contradicts the premise behind the other and the only common element element is a personal tax cut for yourself. Yes Turtle, I do think there is something very wrong with that. I would hope principle is the factor behind public policy and not individual greed or personal gain. We cannot have a nation where greed and personal consideration matters more than the collective good of 311 million Americans.
    well then any concept of fair share is worthless and all we are left with is mob rule which you seem to support.

    A consumption tax is the best workable solution mainly because it

    a) prevents pandering to the many: such pandering leads to too much government and ultimately drives away productive people

    b) does not deter saving and investment as the current system does

    c) eliminates billions wasted in compliance costs

    d) increases freedom

    e) decreases government control

  5. #1255
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    well then any concept of fair share is worthless and all we are left with is mob rule which you seem to support.
    We do not have mob rule in the USA. We have a democratic republic under a Constitution.

    Your basic error renders your post irrelevant based on a false premise.

    And, of course, a consumption tax gives you a big tax cut Turtle.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    We do not have mob rule in the USA. We have a democratic republic under a Constitution.

    Your basic error renders your post irrelevant based on a false premise.

    And, of course, a consumption tax gives you a big tax cut Turtle.
    you don't know that but what it does do is causes a major POWER CUT for your party and that alone is worth supporting it for

    later

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

    Quote Originally Posted by TurtleDude View Post
    you don't know that but what it does do is causes a major POWER CUT for your party and that alone is worth supporting it for

    later
    I do indeed know that. Every single contradictory tax scheme you have ever supported on this site gives you a tax cut. Would you like the history of your positions in your own words? I can post it for you.

    As to the charge of a power cut for my party - I would be happy to examine your verifiable evidence which substantiates such an allegation of fact. By all means do present it.
    Last edited by haymarket; 02-17-12 at 09:50 AM.
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  8. #1258
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    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
    I'm doing fine, its the working poor that are suffering under the economy and debt brought about by 30 years of excessive military spending and taxing the rich too little. This needs to be corrected just as it was after the last depression.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Why the wealthy with business savy support tax increases:

    "In a lot of ways, Nick Hanauer is just like many Americans. He lives in Seattle with his wife and two children, and he grew up working in the family business, manufacturing pillows and comforters.

    But recently, Hanauer wrote an opinion piece for Bloomberg News that was a plea to the government: "Please tax me more."

    These days, Hanauer is a venture capitalist who was one of the first big investors in Amazon. He's not quite a billionaire, but not that far off, either, and he insists his plea is all about self-interest.

    "I reject the idea that I am advocating higher taxes for myself and other wealthy people because I'm a good person or because I love you," Hanauer tells weekends on All Things Considered host Guy Raz. "Let me just be very clear: I do not love you. I value you as a potential customer, and we have rigged the economic system in a way to destroy my customer base."

    The top income tax rate in America is 35 percent. If you earn $380,000 or more a year, that is, in theory, what you pay in federal income taxes. Many taxpayers in this category do, in fact, pay that rate, but some do not.

    The richest of us, billionaires, derive the bulk of their wealth from stock appreciation. Their income strategies often reap hundreds of millions of dollars from those valuable shares in ways the IRS doesn't always classify as taxable income."

    Just What Do The Rich Have That's Taxable? : NPR
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  10. #1260
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    I do indeed know that. Every single contradictory tax scheme you have ever supported on this site gives you a tax cut. Would you like the history of your positions in your own words? I can post it for you.

    As to the charge of a power cut for my party - I would be happy to examine your verifiable evidence which substantiates such an allegation of fact. By all means do present it.
    Contradictory? we are both consistent

    You want the government to take more and more money from people and I want to limit what the government can take-indeed put it on a crash diet

    You want a system that allows the many to continually demand and vote for more and more and more spending by electing those who promise them more and more and more spending to be paid for by the overtaxed top 5% while I want a system that imposes pain on everyone when the government spends more which would destroy the pandering tactics of your party's leaders and some of the GOP to win votes by promising more government goodies that OTHERS have to pay for

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