There should be no inheritance tax of any amount of money or assets.
The first 5 million dollars should be exempt. After that the tax rate should be 35%.
The first 5 million dollars should be exempt. After that the tax rate should be 50%.
The first 1 million should be exempt. After that the rate should be 50%.
No exempt amount. Tax at 35% from the get-go.
No exempt amount. Tax at 50% from the get-go.
Abolish all inheritance. In other words, tax 100%.
Originally Posted by johnny_rebson:
These are the same liberals who forgot how Iraq attacked us on 9/11.
Last edited by TurtleDude; 02-26-12 at 09:18 AM.
I think people should analyze the Rockefeller fortune from about 1900 to the present. Then decide if this is a positive or negative impact upon our Nation. I think the Rockefeller Foundation, JPMorgan Chase, Exxon/Mobil, five Federal Reserve banks including the New York Federal Reserve would be a great place to start, but that's just major Corporations. Then there are think tanks, etc.
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