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. #1821
    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
    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.

    that we call it the death tax apparently upsets you and a few other leftwingers who love anything that takes more money from the industrious and gives it to the government

    but stop the nonsense that there is no death tax Its a well known alternative term for your beloved estate tax or inheritance tax or surtax on the wealthy or whatever the enrich the government more crowd want to call that abomination

  2. #1822
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    the IRS FAQ on estate taxes.

    Did you have trouble figuring that out?
    I guess the answer really is no

  3. #1823
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    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.
    IMO, a parent giving money to his child should not be a taxable event. I'll never support taxing transfers of money from a parent to a child. Fortunately, as the poll indicates, I'm not the only one who holds this opinion.

  4. #1824
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    that we call it the death tax apparently upsets you and a few other leftwingers who love anything that takes more money from the industrious and gives it to the government

    but stop the nonsense that there is no death tax Its a well known alternative term for your beloved estate tax or inheritance tax or surtax on the wealthy or whatever the enrich the government more crowd want to call that abomination
    Death tax. Estate tax.
    Tomato. Tomahto.

  5. #1825
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    IMO, a parent giving money to his child should not be a taxable event. I'll never support taxing transfers of money from a parent to a child. Fortunately, as the poll indicates, I'm not the only one who holds this opinion.
    what is disgusting is that there are 6 so who thinks the government is entitled to everything you own when you die. If people like that ever got into office and tried to implement such a disgusting theft of private wealth I'd be hoping someone would clone a few hundred Lee Harvey Oswalds

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

    Quote Originally Posted by TurtleDude View Post
    what is disgusting is that there are 6 so who thinks the government is entitled to everything you own when you die. If people like that ever got into office and tried to implement such a disgusting theft of private wealth I'd be hoping someone would clone a few hundred Lee Harvey Oswalds
    We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

    Oh ****, now I'm on the NDAA list. Don't drone me, bro! See you in Gitmo.

  7. #1827
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    1- it proves that there is no death tax since one can suffer death an pay no tax or be subject to no tax.
    It doesn't prove that. All it does is say that some people are excluded from it. That is not news and it does not face the reality of the people it affects be it the person that died or the living person that gains the assets.

    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.
    In the case of death the event of the death, is like I said, what caused the transfer to occur.

    As for the other cases, the merits of such a tax on gifts still need to be defended.

    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.
    You miss the point of the absurdity of your example.

  8. #1828
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I guess the answer really is no
    Well its either the IRS FAQ or the Dr. Seuss Guide to the Kama Sutra.... which do you think the title of the article tells us it is?

    And have you or Henrin yet met the challenge to tell us of when death was taxed independent of any transfer of wealth? Henrin turned the tables and challenged me to show where the estate was taxed and transferred independent of death. And I did tht with the proper evidence.

    Now the turn is yours. Show us where this death tax is applied to anyone independent of any transfer of wealth from one person to another.
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  9. #1829
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Henrin View Post
    It doesn't prove that. All it does is say that some people are excluded from it. That is not news and it does not face the reality of the people it affects be it the person that died or the living person that gains the assets.



    In the case of death the event of the death is like I said what caused the transfer to occur.

    As for the other cases, the merits of such a tax on gifts still need to be defended.


    Some people????? Like 99% of people who die in a year who are excluded from it you mean. Look at where your 'logic' takes you. You claim there is a death tax but in a given year only less than 1% of those who die are subject to it. 99% of those who die are not. But what do you and Luntz and Faris and Turtle do in attempting to define the tax? You take the 1% which is the exception and forget about the 99% which is the rule and attempt to place the label on it accordingly.

    That is falling down the rabbit hole of absurdity and going all the way to China.

    And again, you repeat the same falsehood. I gave you the law which says you can transfer an estate without dying and the tax is then paid. Did you miss that..... several times now?
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  10. #1830
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Henrin turned the tables and challenged me to show where the estate was taxed and transferred independent of death. And I did tht with the proper evidence.
    Actually you didn't. All you did was show me a ridiculous example that would never occur and a different transfer of wealth that is taxed that we are not talking about.

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