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. #1811
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    Re: which best describes your view of the inheritance tax?

    Millions have estates that are never taxed either. And the tax is paid before ANYTHING is transferred. For those of us who have served as executors of an estate that was parasitized by the death tax we know that fact

  2. #1812
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Henrin View Post
    You could tell me when the transfer was independent of someone dieing. Until you do that I see no reason to change how I call it.
    Just did.

    And now you answer my question. If you are able to.
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  3. #1813
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Irrelevant nonsense that has nothing to do with the subject being discussed.
    Pretending that the death tax is meaningless or not a well known description of the tax you love so much is the real irrelevant nonsense

    so is the demand by those who dont pay it that others pay more

  4. #1814
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Millions have estates that are never taxed either. And the tax is paid before ANYTHING is transferred. For those of us who have served as executors of an estate that was parasitized by the death tax we know that fact
    By all means, present the actual language which supports this allegation. Allow me to assist you

    http://www.irs.gov/businesses/small/...108143,00.html

    and

    If you don't have an estate plan and your estate isn't subject to probate, then each individual beneficiary will be responsible for signing and filing your estate tax return with the IRS and/or state taxing authorities and also signing the check to pay the taxes.
    If you only have a Last Will and Testament but your estate isn't subject to probate, then each individual beneficiary will be responsible for signing and filing your estate tax return with the IRS and/or state taxing authorities and also signing the check to pay the taxes.
    and now, two birds with one stone - both Henrin and Turtle and the transfer of an estate independent of death

    from the wikipedia entry on that very topic

    The estate tax in the United States is a tax imposed on the transfer of the "taxable estate" of a deceased person, whether such property is transferred via a will, according to the state laws of intestacy or otherwise made as an incident of the death of the owner, such as a transfer of property from an intestate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries. The estate tax is one part of the Unified Gift and Estate Tax system in the United States. The other part of the system, the gift tax, imposes a tax on transfers of property during a person's life; the gift tax prevents avoidance of the estate tax should a person want to give away his/her estate.
    So we know two things there
    1- the estate tax is imposed on the transfer of the estate
    2- should one want to transfer the estate before death occurs, that can be done independent of death and still pay a tax on that transfer
    Last edited by haymarket; 02-27-12 at 10:16 PM.
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  5. #1815
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    They don't like it when you don't use their approved terms. They want to control everything, even the language you use.
    You can use any language you want to use. Just expected to be criticized for engaging in intellectual fraud when you do so regarding the silly 'death tax'.
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  6. #1816
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    By all means, present the actual language which supports this allegation. Allow me to assist you

    Frequently Asked Questions on Estate Taxes

    and
    do you actually know what you quoted?

  7. #1817
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    You can use any language you want to use. Just expected to be criticized for engaging in intellectual fraud when you do so regarding the silly 'death tax'.

    Only by those in love with the raping of the estates by this abomination

  8. #1818
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Thousands of people die every day of the week, month and year. And they pay no estate or inheritance tax. Their death is totally independent of any tax associated with the event of death.
    Yes, like people that are not rich. What does this prove exactly?

    It is not the act of death which is taxed - it is the transfer of wealth from one person to a different person.
    It dependent on the act of death when the assets are then to be transfered to the desired individual/s. Your description is forgetting why the transfer is occurring so you can just pretend it only just another transfer. However, much like any other gift tax it is dependent on the event that caused the transfer.

    Consider this: one could die and have all their wealth , even great wealth, burned with their body viking style in a great and glorious pyre of flame. Their is nothing to transfer and the death of a wealthy person took place just the same.


    It is not death that is taxed as we all can see it happens every hour of the day and there is not a tax upon it. Wealthy people can die and their estate not be subject to any tax if it is all burned with them.
    Lol! Like that happens often.

    So it is NOT death that is taxed and it is not even rich people who are taxed. It is the transfer of wealth from one person to the other that is taxed.
    Covered this.
    Last edited by Henrin; 02-27-12 at 10:20 PM.

  9. #1819
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Henrin View Post
    Yes, like people that are not rich. What does this prove exactly?



    It dependent on the act of death when the assets are then to be transfered to the desired individual/s. Your description is forgetting why the transfer is occurring so you can just pretend it only just another transfer. However, much like any other gift tax it is dependent on the event that caused the transfer.



    Lol! Like that happens often.



    Covered this.
    1- it proves that there is no death tax since one can suffer death an pay no tax or be subject to no tax.
    2- NO. go back and read it again. You can transfer an estate and pay tax while still living and no death has to occur. It death does occur, it is the transfer that is taxed - NOT the act of death.
    3- You miss the point. Wealthy people do not have to transfer an estate. That is a simple fact. It is the transfer that invokes the tax.
    __________________________________________________ _
    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

  10. #1820
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    do you actually know what you quoted?
    the IRS FAQ on estate taxes.

    Did you have trouble figuring that out?
    __________________________________________________ _
    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

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