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. #1621
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    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.
    more nonsense. You seem to try to justify an unfair surtax on a small group on the grounds that they can try to avoid it. That's like saying if you get robbed its your fault-if you had better locks, a stronger door and a good alarm system you could have minimized the loss due to a burglar

  2. #1622
    warrior of the wetlands
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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.

    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.

    You don't make any points You sit back pretending other people ought to pay more money because you feel that way

    And you have the nerve to claim people who pay far far more than they use are teat suckers. MOre limousine liberal lies

  3. #1623
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    more nonsense. You seem to try to justify an unfair surtax on a small group on the grounds that they can try to avoid it. That's like saying if you get robbed its your fault-if you had better locks, a stronger door and a good alarm system you could have minimized the loss due to a burglar
    Well, I would be all for taxing the cash, and letting the stocks and real property pass to the heir with valuation based on original purchase, no matter how many times an asset has been transferred. That way, real property can stay in the family. Of course, I would only allow a certain amount of cash, like 5MM, maybe. Stocks pass at original purchase price.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  4. #1624
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by liblady View Post
    Well, I would be all for taxing the cash, and letting the stocks and real property pass to the heir with valuation based on original purchase, no matter how many times an asset has been transferred. That way, real property can stay in the family. Of course, I would only allow a certain amount of cash, like 5MM, maybe. Stocks pass at original purchase price.
    Death should not be a taxable event and wealth in a family should not be taxed when transferred from one family member to another unless clear income from an income generating activity. The government already takes too much from the only people hit with the death tax
    Last edited by TurtleDude; 02-26-12 at 10:18 AM.

  5. #1625
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Death should not be a taxable event and wealth in a family should not be taxed when transferred from one family member to another unless clear income from an income generating activity. The government already takes too much from the only people hit with the death tax
    it's not..............

  6. #1626
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by randel View Post
    it's not..............
    some profound bit of nothingness from the Unionista position? anything for the government to take more money from people who are more successful than the Unionista types?

  7. #1627
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    some profound bit of nothingness from the Unionista position? anything for the government to take more money from people who are more successful than the Unionista types?
    that the best comeback you got? lol your death is not taxed.....you know it, i know it, so it is time for you to move on

  8. #1628
    Doesn't go below juicy
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by randel View Post
    that the best comeback you got? lol your death is not taxed.....you know it, i know it, so it is time for you to move on
    Yeah, calling it the death tax is silly, its well known its a tax on inheritance, which is not a big deal since its new money to whoever gets it, like a paycheck, or winning the lottery, or anything else.

  9. #1629
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    Re: which best describes your view of the inheritance tax?

    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.

  10. #1630
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Death should not be a taxable event
    It is not. False premise.
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