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. #1611
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I already pay the top income rates. WTF should I have to pay a surtax that people like you don't pay when you get more government benefits than i do

    I pay taxes-you seem to forget that
    A statement like this "I already pay the top income tax rates" can be both truthful and extremely deceptive at the same time. True in that it is a statement of narrow fact. Deceptive in that it does not tell the whole story about taxation in America and can lead to the wrong conclusion.

    We do not have your income tax return in front of us so only you know what you pay. However, in the past you have stated that much of your income comes from long term capital gains. As you are well aware, you get a much lower discriminatory preference in the rate on that compared to wages of the same level. A million in capital gains only gets you a tax bill of about $150,000.00 while a million in wages hits you between $330 and 340,000.00. So you are hardly paying at the top when all things are considered. And you also stated that you inherited money. Sizable portions of that were exempted so no tax was paid on that. Millions upon millions of dollars could have been given to you and you paid ZERO on them. That is hardly what one thinks of when one claims to be paying "the top rates".

    I believe you may have just answered you own question about why some pay the estate tax while others do not. And please remember, there is no relationship between taxes paid and services used. That sort of relationship is for the retail shopping experience. So it is irrelevant.
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  2. #1612
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I think it is disgusting that those who pay the most income taxes during their lives are the only one parasatized by the death tax when they die
    Dead people are dead. They tell no tales and they pay no taxes. Your estate winks on when you wink off. If your estate earns income, it obviously owes income tax. If it owns real property, it obviously owes all applicable property taxes. If it isn't offset by very generous exemptions and deductions, it obviously owes estate taxes before it is distributed as a windfall profit to living people who had nothing to do with amassing any of the funds.

    People who are actually wealthy don't seem to spend so much time grousing over estate taxes. For the most part, they understand that it comes with the territory and have already spent the relatively little time that it took to review their situations and set up plans to minimize the estate taxes that might eventually end up being owed. Once that's done, they move on. There are bigger fish to fry in the world, after all.

  3. #1613
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    most of your posts are pretty idiotic but claiming I suck at the public tit is beyond brain dead
    Most of my posts you aren't able to muster any sort of reply to at all. Probably because you've spent so much time admiring yourself that there hasn't been enough of that left over to invest in becoming aware of very much else.

    Meanwhile, you are awash in an invisible sea of public goods and services that make your life possible. You think that because you pay taxes, you are off the hook as a welfare basket case, but it goes much deeper than that. Are food stamp recipients spending their money in ways that ultimately benefit you or your investments? Unemployed people? Soldiers? Other government workers? Social Security pensioners? Defense industry contractors? What goes around, comes around, and you are more than well plugged in for your fair share of public-teat-sucking, that's for sure.
    Last edited by Cardinal Fang; 02-26-12 at 08:39 AM.

  4. #1614
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    Most of my posts you aren't able to muster any sort of reply to at all. Probably because you've spent so much time admiring yourself that there hasn't been enough of that left over to invest in becoming aware of very much else.
    Welcome to the club. I have long ago become numb to seeing my posts reproduced and then completely ignored in favor of the same old statements of belief based on personal greed. Its old hat by now.
    Last edited by haymarket; 02-26-12 at 08:47 AM.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    that is like trying to justify the Jim Crow laws by claiming that they were not as bad as the years of slavery
    LOL! Only to the extent that insisting upon a rational income distribution that accounts for the actual needs of all citizens is the moral equivalent of slavery. You do come up with some of the most thoroughly contorted examples of illogic!

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

    Quote Originally Posted by TurtleDude View Post
    unless you are paying the taxes don't tell others who do what is the end of the world. and its not a few thousand in many cases. until and unless you pay the same amount as those you think shouldn't whine you have absolutely no standing
    Money as the measure of all things. Once again, not an attitude typical of those who actually have any.

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

    Quote Originally Posted by TurtleDude View Post
    I pay taxes-you seem to forget that
    Everyone pays taxes. YOU seem to forget that. Most taxpayers have little if any means for minimizing or avoiding the taxes that they owe and pay. The rich have all sorts of tools available with which to accomplish that.

    And the bottom line of course is that the actually wealthy have so much money left over AFTER they have paid all the taxes that they owe that the taxes themselves have very little meaning to them anymore. It's like the difference between being 9-under-par instead of 10-under-par as you cruise to victory in the final round of the US Open.

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

    Quote Originally Posted by Henrin View Post
    So you are still waiting to justify the tax or do you think that alone means anything to me? I guess I can wait a bit longer..
    The Constitution means nothing to right-wingers. Obligations to other people mean nothing to them. They want all the goodies and none of the costs. They are a gaggle of irresponsible spoiled brats.
    Last edited by Cardinal Fang; 02-26-12 at 09:54 AM.

  9. #1619
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Welcome to the club. I have long ago become numb to seeing my posts reproduced and then completely ignored in favor of the same old statements of belief based on personal greed. Its old hat by now.
    Thanks. It's kind of like dealing with an assortment of PEZ dispensers Even the rote responses of a Magic 8-Ball are ultimately more diversified and interesting than those of a PEZ dispenser. Magic 8-Balls are in fact intellectual titans in comparison to PEZ dispensers.
    Last edited by Cardinal Fang; 02-26-12 at 09:53 AM.

  10. #1620
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Catawba View Post
    Still making you absurd claim with your usual lack of any evidence whatsoever. Only the far right buys that horse crap. As the 99% are aware, even if you are not, the estate tax rate is the lowest its been in 80 years, so please stop your whining.



    Except for the poor seniors and the disabled, we all pay taxes. The middle class pays a higher tax rate than those whose income is primarily from investments, as 400 hundred of your rich brethren testified before Congress.

    The jig is up!
    you keep forgetting in your mindless envy driven posts that the only and I repeat ONLY people who have to pay the abomination known as the death tax are the people who have already paid 40% of the income tax. Your posts are oozing spite towards those who pay some of your load of the bill and you whine that they aren't paying enough

    That is pathetic

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