View Poll Results: which best describes your view of the inheritance tax?

Voters
153. You may not vote on this poll
  • 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%
Page 167 of 195 FirstFirst ... 67117157165166167168169177 ... LastLast
Results 1,661 to 1,670 of 1947

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

  1. #1661
    Sage
    MoSurveyor's Avatar
    Join Date
    Jan 2012
    Last Seen
    04-13-17 @ 04:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    9,985

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

    Quote Originally Posted by Centinel View Post
    Yes, it certainly is. But in principle, we agree that it's not a black and white rule of "every dollar that enters another person's pocket ought to be taxed as income".
    It also comes down to a matter of enforcement. Sure, we can say that giving someone a CD for their birthday is a gift and we can say it should be taxed as income but who's going to enforce it? No one. For an enforcement agent to even pick up the phone a dial a number takes more money than the tax collected on a CD. At some point you have to draw a line between the idealized and the possible - and we do by specifying a limit on tax-free gifts.


    To take your example a step farther, are we to dispense with allowances as well? And what if those allowances are only issued if weekly chores are completed? Is that income and should we tax it? Better yet, with or without the allowance, should we throw parents in jail for making their children clean their rooms or do the dishes? Doesn't that violate child labor laws?
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  2. #1662
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:49 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,715

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

    Quote Originally Posted by MoSurveyor View Post
    It also comes down to a matter of enforcement. Sure, we can say that giving someone a CD for their birthday is a gift and we can say it should be taxed as income but who's going to enforce it? No one. For an enforcement agent to even pick up the phone a dial a number takes more money than the tax collected on a CD. At some point you have to draw a line between the idealized and the possible - and we do by specifying a limit on tax-free gifts.


    To take your example a step farther, are we to dispense with allowances as well? And what if those allowances are only issued if weekly chores are completed? Is that income and should we tax it? Better yet, with or without the allowance, should we throw parents in jail for making their children clean their rooms or do the dishes? Doesn't that violate child labor laws?

    an excellent argument why we should get rid of the income tax and switch to a NST

  3. #1663
    Sage
    MoSurveyor's Avatar
    Join Date
    Jan 2012
    Last Seen
    04-13-17 @ 04:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    9,985

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

    Quote Originally Posted by TurtleDude View Post
    I oppose people who don't pay a tax demanding others pay more of it
    I'm sure pimps oppose prostitution laws and dealers oppose drugs laws. We should repeal those laws?
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  4. #1664
    Sage
    MoSurveyor's Avatar
    Join Date
    Jan 2012
    Last Seen
    04-13-17 @ 04:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    9,985

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

    Quote Originally Posted by TurtleDude View Post
    an excellent argument why we should get rid of the income tax and switch to a NST
    As long as it's understood that buying a share of stock is also a sale and subject to the same tax I might be good with that.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  5. #1665
    Sage

    Join Date
    Sep 2010
    Last Seen
    Yesterday @ 11:31 PM
    Lean
    Undisclosed
    Posts
    89,935

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

    Quote Originally Posted by TurtleDude View Post
    I oppose people who don't pay a tax demanding others pay more of it
    turtle - why do you post statements like that which have absolutely nothing to do with refuting the substance of what you reprint from others?
    __________________________________________________ _
    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. #1666
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:49 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,715

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

    Quote Originally Posted by MoSurveyor View Post
    I'm sure pimps oppose prostitution laws and dealers oppose drugs laws. We should repeal those laws?


    wow-talk about non relevant response

    actually dealers oppose making drugs legal--that would put them out of business

    If you don't pay death taxes your ranting that others should pay more has no merit whatsoever

  7. #1667
    Sage

    Join Date
    Sep 2010
    Last Seen
    Yesterday @ 11:31 PM
    Lean
    Undisclosed
    Posts
    89,935

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

    Quote Originally Posted by TurtleDude View Post
    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?
    You miss the point. We tax the money regardless if it came from wages, winnings, capital gains, inheritance or whatever. It applies to EVERYONE. We can make reasonable exclusions for routine gifts and things like that - the same way the current law provides for - but we apply the principle to EVERYONE. Nobody is picking on the rich. It will apply to EVERYONE.
    __________________________________________________ _
    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

  8. #1668
    Sage

    Join Date
    Sep 2010
    Last Seen
    Yesterday @ 11:31 PM
    Lean
    Undisclosed
    Posts
    89,935

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

    Quote Originally Posted by TurtleDude View Post
    an excellent argument why we should get rid of the income tax and switch to a NST
    Is that your latest and greatest idea which gives you a personal tax cut?
    __________________________________________________ _
    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

  9. #1669
    Banned
    Join Date
    Oct 2011
    Location
    Penn's Woods
    Last Seen
    09-01-12 @ 09:09 PM
    Lean
    Independent
    Posts
    2,984

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

    Quote Originally Posted by haymarket View Post
    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.
    I thought that we had agreed that not every dollar that enters someone's pocket ought to be considered taxable income. I just wanted to raise this again, as we have, as you indicate, agreed on this previously. Yet, your recent comments seemed to exhibit a sliding back into the black and white statement once again.

    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.
    I can't say I disagree with this. Your opinion or mine has very little consequence.

    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.
    Allow me to once again explain the difference, as you seem to have missed it. Salary is payment for a factor of production, while inheritance is not. That is the difference.

    However, that makes for a very weak argument in the arena deciding public policy.
    I'm not so sure. I think it would be a good public policy to regard an inheritance as nontaxable income. This would reduce the overall tax burden on the American people, which I think would be excellent public policy for a nation of 311 million people.

  10. #1670
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:49 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,715

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

    Quote Originally Posted by haymarket View Post
    You miss the point. We tax the money regardless if it came from wages, winnings, capital gains, inheritance or whatever. It applies to EVERYONE. We can make reasonable exclusions for routine gifts and things like that - the same way the current law provides for - but we apply the principle to EVERYONE. Nobody is picking on the rich. It will apply to EVERYONE.
    NOnsense-you constantly demand the rich pay more and more and more and more and more

    and the death tax is not an income tax-its the estate that pays the tax not any of the recipients. So who is getting "income"

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •