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. #141
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I tire of the mindset that you and yours are more entitled to other peoples wealth than those that the creator of wealth bequeaths it o
    I tire of the mindset that you and yours are entitled to an elitist class status inheriting other peoples wealth simply because of an accident of birth without earning it.
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  2. #142
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by StillBallin75 View Post
    It has nothing to do with the law, and everything to do with simple economics.

    Income in the form of personal consumption or business investment is included under what economists term "national income." That is, the national economy as a whole receives a flow of income whenever an employer pays his employee, AND whenever that employee goes down the street to the convenience store to buy some gum or chips or beef jerky. These transactions happen when there is an equal exchange of value - an employer paying a worker for his labor, a consumer going down the street to the store to buy something for his personal consumption, etc. All these are included under "national income," of which GDP or GNI are rough equivalents. GDP and GNI are numbers that represent the flow of income for a country's economy on an annual basis, as I'm sure you already know.

    Transfer payments of liquid wealth DO NOT fall under the same category. The are simply handing money from one party to another. In other words, inheritance is NOT INCOME.
    Good explanation.

  3. #143
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    So why does Obama constantly make those statements? They are clearly designed to whip up the support of the envious
    There you go again... playing that all purpose last gasp desperate ENVY CARD. Take that away from you and you really have nothing in the way of a proper intellectual argument.
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  4. #144
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    Good explanation.
    Actually not. We can define what it income any way we want to define it as long as it involves money or wealth being acquired by a person that they did not previously have as their own. There are no hard and fast rules for the acquisition of money or wealth and a fine line between what is income and what is not. This equal exchange of value nonsense is but one example of making crap up as you go along to fit what you want the definition to say. Last night one poster went on and on and on about it until he finally had to admit it was simply his own personal belief and not a law or a principle.

    INCOME - money COMES IN to a persons pocket or account. INCOME/ COME IN/ INCOME/ COME IN. Get it now? Its not that hard to see.

    We as a nation and our government needs to stop discrimination on the source of money coming into a persons pocket or account and simply treat all financial gain as income and tax it accordingly.
    Last edited by haymarket; 01-29-12 at 11:37 AM.
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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

  5. #145
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Is this the standard play of the extreme left again-demanding proof of the obvious in an effort to divert

    everyone knows obama made these statements and I am asking you what you feel he means by this
    "everyone knows".

    "common knowledge".

    "common sense"

    "its obvious"


    I wonder why during my two years of debate in college we simply did not throw these trump cards out on the table every time our ass got cornered and we had no evidence to the contrary?
    __________________________________________________ _
    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

  6. #146
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by winston53660 View Post
    \
    So TD since you seem to be in the know who created the estate tax?
    Here's my guess: the government

  7. #147
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I tire of the mindset that you and yours are more entitled to other peoples wealth than those that the creator of wealth bequeaths it o

    and it is a death tax whether you lovers of that abomination want to deny that.

    ANd the rich are paying more of the tax burden now than at any time in the last 50 years because people like you are paying LESS.


    The good news is that unions are dying and the sooner they are gone the sooner we can get back to wiping the stain of welfare socialism out of this country
    unions are not the topic, your lack of backing up with actual proof, of your statements, is......

  8. #148
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    "everyone knows".

    "common knowledge".

    "common sense"

    "its obvious"


    I wonder why during my two years of debate in college we simply did not throw these trump cards out on the table every time our ass got cornered and we had no evidence to the contrary?
    like i said, if it were that obvious, he should have no trouble at all providing the proof that has been asked for....and again, piss poor job of backing his argument, especially from someone who is supposedly a lawyer.

  9. #149
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by randel View Post
    like i said, if it were that obvious, he should have no trouble at all providing the proof that has been asked for....and again, piss poor job of backing his argument, especially from someone who is supposedly a lawyer.
    And that indeed is the puzzle wrapped inside the enigma. It really makes no sense at all given the level of education, training and nature of the profession itself. Its contradictory in the extreme.
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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

  10. #150
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Actually not. We can define what it income any way we want to define it as long as it involves money or wealth being acquired by a person that they did not previously have as their own. There are no hard and fast rules for the acquisition of money or wealth and a fine line between what is income and what is not. This equal exchange of value nonsense is but one example of making crap up as you go along to fit what you want the definition to say. Last night one poster went on and on and on about it until he finally had to admit it was simply his own personal belief and not a law or a principle.

    INCOME - money COMES IN to a persons pocket or account. INCOME/ COME IN/ INCOME/ COME IN. Get it now? Its not that hard to see.
    Yes, that's one way to look at it. But we can define what is income any way we want to define it, and I'll support StillBallin's explanation over yours.

    I wonder about your definition of income. If I give my kid ten bucks to go to the movies, is that $10 income to him? How about if I give him a bowl of oatmeal for breakfast, is that bowl of oatmeal income to him?

    We as a nation and our government needs to stop discrimination on the source of money coming into a persons pocket or account and simply treat all financial gain as income and tax it accordingly.
    Yes, tax every bowl of oatmeal!

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