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. #1781
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    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
    All you have to do is either
    1- produce this supposed letter, or
    2- link to past discussion where you claimed this happened

    IRS circulars!?!?!?!?!? How can something a clerk writes change the reality of a tax on transfers of estates? We went through this many many many times in many many many different threads. The name somebody places on something is irrelevant in describing the true nature or function of what it is. A Boston Cream Pie is a cake. No matter how many expert bakers or chefs or pastry shops owners tell you it is a Boston Cream Pie - it is still a cake.

    So lets see this letter of proof.

    Or is this another Indiana Jones moment?
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  2. #1782
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    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
    Actually, I went to the IRS website, used search on a lot of forms and instruction manuals, and found "state death tax" referenced many times. What I did not find was the IRS using "death tax" in reference to the Federal "estate tax". So, unless you can prove otherwise your use of "death tax" instead of "estate tax" is just turning your posts into GOP commercials and, as such, should be taken with a grain of salt like any other political commercial.
    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
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  3. #1783
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    They are not wealth haters. They love wealth, particularly the wealth of others.
    I have more emotion for a predator than I do for wealth. Like any other force of nature, predators can't be "blamed" for what they are, but their destructive impact still needs to be reduced as needed for the sake of the people in the community. Wealth, on the other hand, is man made, created by the community itself. I have no compunction about reducing the destructive impact of wealth. Just like predators, wealth's presence in the community needs to be reduced as needed.

    Flood walls and levees provide another example of community protection. We need rain but too much can be destructive.
    Last edited by MoSurveyor; 02-27-12 at 10:35 AM.
    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. #1784
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    "YOur existence does not positively impact mine"

    Turtle-sufferer of fools
    Catawba speaks the truth....
    I propose that all inheritance taxes be scrapped as part of tax reform/simplification
    To re-balance things, increase the capitol gains...our turtle will love this !

  5. #1785
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    well given I was the executor of my parents (both of them) estates and there was the death tax involved, I certainly know more than you will ever know on this
    One event makes you an expert ?
    Rather childish, I'd think.
    "Death Tax" is a colloquial term, used by the less educated and those who are less formal..How does it matter what it is called ???

  6. #1786
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by earthworm View Post
    One event makes you an expert ?
    Rather childish, I'd think.
    "Death Tax" is a colloquial term, used by the less educated and those who are less formal..How does it matter what it is called ???
    a) Police slaughter innocent civilians pursuing suspect.
    b) Car accident caused by high-speed police chase kills couple.

    What does it matter?
    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

  7. #1787
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    I have more emotion for a predator than I do for wealth. Like any other force of nature, predators can't be "blamed" for what they are, but their destructive impact still needs to be reduced as needed for the sake of the people in the community.
    Are you referring to 4-legged predators or 2-legged predators? Either way, I think we agree, as I oppose predators as well, and believe that people must defend themselves against predators of both the 2-legged and 4-legged variety.

    Wealth, on the other hand, is man made, created by the community itself. I have no compunction about reducing the destructive impact of wealth. Just like predators, wealth's presence in the community needs to be reduced as needed.
    Destructive impact of wealth? I don't follow.

  8. #1788
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    Are you referring to 4-legged predators or 2-legged predators? Either way, I think we agree, as I oppose predators as well, and believe that people must defend themselves against predators of both the 2-legged and 4-legged variety.


    Destructive impact of wealth? I don't follow.
    The economy as it is and you don't follow? Can't think of anything that's been more destructive recently.


    What about corporations airing political ads and PACs with contributions in the millions? I can understand a group of people getting together with their vote for a candidate but spending millions for public ads (whether on their own or through the candidate's campaign fund) is a different animal.
    Last edited by MoSurveyor; 02-27-12 at 06:01 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

  9. #1789
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    The economy as it is and you don't follow? Can't think of anything that's been more destructive recently.
    Are you suggesting that our current economic woes are caused by the production of wealth? I would heartily disagree. I would point more to massive financial fraud, incompetent legislation, and monetary inflation. There are lots of reasons, but I don't see how the production of wealth is to blame. There are so many starving people in the world who need wealth. Wealth can save lives.

    What about corporations airing political ads and PACs with contributions in the millions?
    I'm not particularly opposed to political speech. IMO, the best way to combat speech with which I disagree is with speech of my own, not shutting down the speech of those with whom I disagree.

    I can understand a group of people getting together with their vote for a candidate but spending millions for public ads (whether on their own or through the candidate's campaign fund) is a different animal.
    As far as I'm concerned, people can write/broadcast what they wish. I'm not going to support stopping anyone from saying anything they want.

  10. #1790
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    Are you suggesting that our current economic woes are caused by the production of wealth? I would heartily disagree. I would point more to massive financial fraud, incompetent legislation, and monetary inflation. There are lots of reasons, but I don't see how the production of wealth is to blame.
    You honestly think a system is doing good when a handful of Wall Street thieves can put tens of millions of people out of work and all but bring down the economy? Ever hear the term "Too big to fail"? Sorry, that's just dangerous any way you slice it.

    Too big to fail - Wikipedia, the free encyclopedia


    You seem to believe I want to dispose of all wealth and that's not true at all. You're using the common view of a predator instead of the biological view. Predators are required for a healthy system but with civilization comes the responsibility to keep the predators in check.
    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

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