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. #1771
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    An irs.gov link would be nice to back that up. Otherwise it's just more sloth poop.

    I thought it was the wealth looters using that term. Labor is about the only wealth a producer has to offer.
    I realize you are just a newbie on this board but this very topic was exhausted a while before you came and several posters linked to IRS sites that proved that the IRS uses the term "state death taxes" in its Rule 627 (IIRC) letters

    Indeed the one I received from the IRS on my mother's estate was where I mentioned that. The wealth haters claimed I was lying but other posters proved It was true. You can go look for it-I have not the time to educate newbies when it is a settled issue

  2. #1772
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    "sloths that inhabit country clubs"

    and some claim that ENVY has nothing to do with these posts-or is it spite or jealousy
    If you don't know the answer to that question then what you're doing is just slinging mud while fishing in a mud muddle. Yes, the GOP is very good at that.
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  3. #1773
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    That still don't prove you know nuthin' about birthin' no babies.
    I don't, I let the OB/GYN do that when my son was born. A man's got to know his limitations

    later

  4. #1774
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I realize you are just a newbie on this board but this very topic was exhausted a while before you came and several posters linked to IRS sites that proved that the IRS uses the term "state death taxes" in its Rule 627 (IIRC) letters
    If it was from the Bush 201 times then you may well be correct. The question is, does it still hold?


    Ed:
    Also, if the IRS is simply quoting a State tax code title that does NOT mean the IRS recognizes it as such.
    Last edited by MoSurveyor; 02-26-12 at 11:48 PM.
    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. #1775
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I realize you are just a newbie on this board but this very topic was exhausted a while before you came and several posters linked to IRS sites that proved that the IRS uses the term "state death taxes" in its Rule 627 (IIRC) letters

    Indeed the one I received from the IRS on my mother's estate was where I mentioned that. The wealth haters claimed I was lying but other posters proved It was true. You can go look for it-I have not the time to educate newbies when it is a settled issue
    Yes , mentioned it - never did more.

    And reality says otherwise no matter how dear you cling to the silly neologism of the political extremists.

    The really sad thing - to the point of being downright pathetic - is the insistence on the completely dishonest "death tax" label prevents any honest discussion of the merits of the inheritance tax. I wonder if that light bulb of realization ever goes off over the heads of those who use it?
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  6. #1776
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    Re: which best describes your view of the inheritance tax?

    For those interested in the history of the Estate tax:



    https://docs.google.com/viewer?a=v&q...oDLxZ0hC_AOX9Q
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  7. #1777
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    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.
    Care to tell me how that defends this tax?

    Besides, I pay a great deal in taxes and as a private citizen I have the right to complain and even more so have the responsibly to complain when I pay far more than my share to cover your wishes.

    Furthermore, I disagree with "gift taxes and income taxes" so I will complain about them freely. If you can shut me up by warranting what you support, do so or otherwise stop responding to me.
    Last edited by Henrin; 02-27-12 at 01:40 AM.

  8. #1778
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    three or four of the wealth haters have agreed. But the IRS uses the term as well as tons of writers, commentators and ordinary people
    They are not wealth haters. They love wealth, particularly the wealth of others.

  9. #1779
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I realize you are just a newbie on this board but this very topic was exhausted a while before you came and several posters linked to IRS sites that proved that the IRS uses the term "state death taxes" in its Rule 627 (IIRC) letters

    Indeed the one I received from the IRS on my mother's estate was where I mentioned that. The wealth haters claimed I was lying but other posters proved It was true. You can go look for it-I have not the time to educate newbies when it is a settled issue
    And this 'letter' was never submitted as evidence or proof of anything. The only thing I ever remember some other posters vouching for was you were an attorney - not you personal family finances let alone a letter about your mother. If I am wrong, please present it to show this is "a settled issue". For it is far from that.

    And one cannot help but notice that even in this supposed letter you refer to a statement about "state death taxes". We have been talking about the federal estate and inheritance taxes. As an attorney, you are well aware of the distinction and difference.
    __________________________________________________ _
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  10. #1780
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    And this 'letter' was never submitted as evidence or proof of anything. The only thing I ever remember some other posters vouching for was you were an attorney - not you personal family finances let alone a letter about your mother. If I am wrong, please present it to show this is "a settled issue". For it is far from that.

    And one cannot help but notice that even in this supposed letter you refer to a statement about "state death taxes". We have been talking about the federal estate and inheritance taxes. As an attorney, you are well aware of the distinction and difference.
    You were thrashed on that issue and you ran away from it for a while. Now you are hoping people forget the evidence and citation to IRS circulars I and others posted

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