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. #1651
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    we went through this weeks ago.
    Yes, I remember. But it seemed worth going over again, as you just recently were talking about how all money coming into someone's pocket smells the same, etc.

    It's important to reiterate that most people agree that nobody believes such a black and white rule, and that it is reasonable to treat, say, gifts, differently than wage income.

    I oppose taxes on inheritance for the same reasons I oppose taxing a father giving money to his children. To me, it just doesn't seem the same as salary income or interest income. I guess everyone sees it differently, but that's why I can't support taxes on inheritance.

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

    Quote Originally Posted by Centinel View Post
    Yes, I remember. But it seemed worth going over again, as you just recently were talking about how all money coming into someone's pocket smells the same, etc.

    It's important to reiterate that most people agree that nobody believes such a black and white rule, and that it is reasonable to treat, say, gifts, differently than wage income.

    I oppose taxes on inheritance for the same reasons I oppose taxing a father giving money to his children. To me, it just doesn't seem the same as salary income or interest income. I guess everyone sees it differently, but that's why I can't support taxes on inheritance.
    You are simply attempting to go back in the discussion to a point where you believed you had a stronger case. That is understandable. But all that has been clarified and we have moved far beyond it.

    When we discuss matters of public policy that are translated into nation laws for 311 million people, ones personal beliefs are of small consequence compared to the impact they results would have upon 311 million. You can cling to professing that you see a difference - even though you cannot intellectually explain it - between income of 5 million and an inheritance of 5 million. However, that makes for a very weak argument in the arena deciding public policy.
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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
    I tire of those who don't pay this tax whining I should pay more of it.

    You don't pay, I have no use for what you say

  4. #1654
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by earthworm View Post
    Perhaps, Turtle, you would be a lot happier, with less money and lower taxes..
    You remind me of a certain character in Mr Dickens " A Christmas Carol".
    You as usual post idiotic nonsense. Being opposed to being over taxed has nothing to do with personal charity. Your main failure is that you labor under the delusion that paying taxes is the same as being charitable when they are often diametrically opposed.

  5. #1655
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Living in a society of 311 million people by its very nature limits ones personal freedom.

    So what?
    that is perhaps the lamest of many arguments you advance in favor of the government taking more money from those who already pay far more than their fair share.

  6. #1656
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by molten_dragon View Post
    Well, we do have an income tax. That could change at some point, but for now it's what we have. So for as long as income tax is the federal government's main way of collecting taxes, why should inherited income be treated differently than earned income?
    Uh because income tax results in a transaction that involves an exchange in value. I give labor, you give me salary. I invest in something, I receive investment income

    and why does this death tax hit only those who are already huge income tax payers?

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

    Quote Originally Posted by TurtleDude View Post
    that is perhaps the lamest of many arguments you advance in favor of the government taking more money from those who already pay far more than their fair share.
    Turtle - you are reasonably bright, you are educated and you are legally trained. Please go back and read the posts and you will see that I am NOT arguing that at all. You are intertwining two different points I made on two different issues in two different posts to two different people on two different subjects.

    Living is a society of 311 million people by its very nature cause ones personal freedom to be limited so that others can be accommodated both as individuals and as society in a larger sense.

    In a representative democracy, the people have a right to elect representatives who will enact a national tax policy and it is up to them to listen to the people to determine such concepts as what is a fair share.

    Those are two different things and you are mart enough to know that.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Turtle - you are reasonably bright, you are educated and you are legally trained. Please go back and read the posts and you will see that I am NOT arguing that at all. You are intertwining two different points I made on two different issues in two different posts to two different people on two different subjects.

    Living is a society of 311 million people by its very nature cause ones personal freedom to be limited so that others can be accommodated both as individuals and as society in a larger sense.

    In a representative democracy, the people have a right to elect representatives who will enact a national tax policy and it is up to them to listen to the people to determine such concepts as what is a fair share.

    Those are two different things and you are mart enough to know that.
    I oppose people who don't pay a tax demanding others pay more of it

  9. #1659
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Uh because income tax results in a transaction that involves an exchange in value. I give labor, you give me salary. I invest in something, I receive investment income
    So you're saying that we should tax things that are more beneficial to society (working and investing in businesses) and we shouldn't tax something that is less beneficial to society (giving money to your family when you die). Doesn't that seem a little backwards?

    All three are transfers of money from one person to another. To me, it doesn't matter WHY the money is being transferred, only that it is, so it should be taxed equally.

    Quote Originally Posted by TurtleDude View Post
    and why does this death tax hit only those who are already huge income tax payers?
    Well, if inheritance was simply treated as income, it wouldn't only affect the very rich.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by molten_dragon View Post
    So you're saying that we should tax things that are more beneficial to society (working and investing in businesses) and we shouldn't tax something that is less beneficial to society (giving money to your family when you die). Doesn't that seem a little backwards?

    All three are transfers of money from one person to another. To me, it doesn't matter WHY the money is being transferred, only that it is, so it should be taxed equally.



    Well, if inheritance was simply treated as income, it wouldn't only affect the very rich.
    why should only those who are top one percent tax payers be afflicted by the death tax

    and why do you insist that a wasteful bloated government have access to even more wealth of citizens?

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