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. #1891
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    other people who pay too much need to pay even more to fund the stuff you want

    got it
    You are guilty of doing what you constantly whine about your enemies doing - wanting somebody else to pay the bill other than you.

    We ALL need to pay more. Starting today.
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    You babble on and on for yourself alone. You have no license to speak for anyone else at all. I pay more in taxes than you do and find your antisocial commentary to be completely opprobrious. Of course, I also have not just years but decades worth of training and professional experience in relevant fields whereas you have none, so that might contribute as well to a general perception that your posts are just another aspect of the persistent, snot-nosed, ignorance that so permeates and corrupts the right-wing as represented on this board.

    In 2007, the top 1% paid $115 billion less in federal income tax than they would have had the Clinton tax rates from a decade earlier still been in effect. That's $115 billion in a single year. Money that was imply handed to the already wealthy free of charge. It was plain old vote-buying Republican welfare-for-the-rich who -- thanks to Bush -- were able to cut in line to feed from the public trough and suck from the public teat. What a disgusting display.
    Imagine the good that could have been done with that $115 billion just from that one year? We could have lowered the deficit, decreased the debt and passed less in bills onto our children.
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    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

  3. #1893
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    a) Police slaughter innocent civilians pursuing suspect.
    b) Car accident caused by high-speed police chase kills couple.

    What does it matter?
    Oh, I see....
    I was not aware that "death tax" was used in this context.
    "Collateral damage" YES ! , but not "death tax"...as I have said, this is a colloquial term, which I prefer NOT to use.....and I wish to distance myself from our "turtledude"..........an attorney ????? this I cannot believe...
    And, BTW, a) and b) are slowly becoming a thing of the past....thanks to Progressives.

  4. #1894
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    Re: which best describes your view of the inheritance tax?

    We have a government, which is now self-will-run-riot and out of control. It has empowered itself to tax and appropriate with virtually no constraints. Our nation is burdened with a $15 trillion debt that demands an annual interest payment of $1/2 trillion.

    When framing just how much a trillion is, we might think of it in the following way: 1 trillion seconds is equal to 32,000 years.

    The debt/income ratio created by government is beyond our (We The People) capability to overcome such indebtedness.

    If all Americans and businesses could surrender every penny we earn to government (about $7.5 trillion a year)...it would take two years to eradicate the national debt. We can't live two years without some means to gain the resources we each need to live.

    Why would America allow government to be self-will-run-riot? Why does the government actually thrive off of inflation, when you and I suffer from it? The government created a form of welfare state because it helps justify its demands for taking money from everybody. It helps fuel inflationary conditions. It feeds the "Kingdom of Washington" while the serfs are left to exist with the scraps that government leaves us...and we allow them to do it.

    We have a broken system of government that is not working in the best interest or general welfare of this nation.

    We can't deny that there are people who are indeed victims of circumstance beyond their power to remedy and through no fault of their own need assistance. I think that assisting people through government is entirely possible, and with minimal exploitation of the system designed to provide such assistance. I think to believe other wise is either out of naiveness or self-centeredness about the realities of humanity's imperfections of merely existing.

    But the problem is that government has turned assistance programs into a business used to increase its coffer ...rather than operate as an altruistic raison d'ętre. The solution is complex.

    Under governments current mode of control over us all...if we can't find a way to force government to reconstruct itself to operate in a more efficient and proficient manner...it will take us all down. Parasites will kill its hosts.

    Taxes are one thing, but being held hostage to a system that demands we pay it as it dictates...is insane. Our nation's historical crime families have never had it as good as our government.

    Thanks for allowing me to share my "OPINION"....
    Last edited by Removable Mind; 02-29-12 at 11:12 AM.

  5. #1895
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    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

    "good doSitting money" as opposed to "Running money".

    Our economy is not in good shape if we have too much of one (imagine Scrooge McDuck with is vault full of trillions of dollars....
    What
    es this do anyone , even Scrooge.
    Our inheritance tax, IMO, is based too much on "sitting or idle money"; so, I think its better to continuously tax (sales and income) and spend to develop and improve our nation...
    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.
    I just now dreamed up this "sitting money " and "running or active money"...
    Idle and active are better terms...
    Also, I note that war has an horrific cost....and where does this money end up ?
    And maybe we need a national sales tax to replace all the other taxes....or, at least the Turtle's pet ,the inheritance tax.

  6. #1896
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    sure you do. How do you pretend you made all that money? You claim to be some non-profit director. Sounds like a trust fund baby to me.
    Yet more evidence for your own non-wealthy status. I came to have such a surplus of wealth that I founded, funded, and continue to direct a 501(c)(3) public charity so as to have a way to give back to society for my own good fortune. Even in Ohio, you must have heard of star athletes for example setting up charities and foundations? Well, this is the same deal. And being involved in charity work at such a level puts one in touch with quite a number of similarly and even better situated individuals. These networks tend to result in higher levels of funding for the various charities involved, and, by gosh, also in higher levels of profit for the individuals involved as being in each others' address books can turn out to be a very handy and ultimatley lucrative thing. Still mystified, or does that clear things up for you?

    Quote Originally Posted by TurtleDude View Post
    What relevant fields? class warfare? whining about the rich to advance your far leftwing welfare socialist agenda
    LOL! Economics and federal tax policy were the first two I had in mind.

    Quote Originally Posted by TurtleDude View Post
    the rich paid way too much under clinton and they still pay too much now: only when the rich are paying the same amount of the income tax burden as their share of the income (now about 22%) will they be paying the proper amount and that still means they will be paying far more than what they use
    Ever hard of marginal utility? The law of diminishing marginal returns? It sure doesn't sound like it. Meanwhile, who do you suspect benefits more from society's basic police and defense efforts? Would it be the homeless guy who can pile all of his earthly possessions into a single shopping cart, or would it be someone like me who lives in a multi-million dollar home on a large and scenic lot in one of the more upscale neighborhoods of one of the more upscale suburbs of Washington, DC? Oh, did I mention my in-town home on Capitol Hill? Obviously, shopping-cart dude doesn't have one oif those either.

    Quote Originally Posted by TurtleDude View Post
    your pathetic rants that those who pay 40% of the income tax are sucking from the public trough is nothing more than trustafarian Nonsense
    $115 billion in welfare-for-the-rich just to the top 1%, just in 2007. THAT'S some serious "sucking from the public trough". Don't even pretend to talk to me about how tough the wealthy have it. I know better.
    Last edited by Cardinal Fang; 02-29-12 at 11:42 AM.

  7. #1897
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    Re: which best describes your view of the inheritance tax?

    Even in Ohio, you must have heard of star athletes for example setting up charities and foundations?
    This is debatable...all the star atheletes in that state seem to want to get the hell outta dodge.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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

    Quote Originally Posted by Removable Mind View Post
    When framing just how much a trillion is, we might think of it in the following way: 1 trillion seconds is equal to 32,000 years.
    Or think of it this way: A trillion dollars would be less than 7% of our annual GDP.

    Quote Originally Posted by Removable Mind View Post
    The debt/income ratio created by government is beyond our (We The People) capability to overcome such indebtedness.
    It was 20% higher at the end of WWII. What did We the People do about that?

    Quote Originally Posted by Removable Mind View Post
    If all Americans and businesses could surrender every penny we earn to government (about $7.5 trillion a year)...
    What happened to the rest of National Income? You've barely accounted for half of it.

  9. #1899
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by earthworm View Post
    Oh, I see....
    I was not aware that "death tax" was used in this context.
    "Collateral damage" YES ! , but not "death tax"...as I have said, this is a colloquial term, which I prefer NOT to use.....and I wish to distance myself from our "turtledude"..........an attorney ????? this I cannot believe...
    And, BTW, a) and b) are slowly becoming a thing of the past....thanks to Progressives.
    Yeah - it's mostly a PR thing.

    Capitol Hill Memo - In 2 Parties' War of Words, Shibboleths Emerge as Clear Winner - NYTimes.com


    I agree high-speed chases are seldom justified as they tend to endanger the community as much or more than the suspects. I can understand it for certain very unique circumstances.
    Mt. Rushmore: Three surveyors and some other guy.
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  10. #1900
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by earthworm View Post
    I just now dreamed up this "sitting money " and "running or active money"...
    Idle and active are better terms...
    Also, I note that war has an horrific cost....and where does this money end up ?
    And maybe we need a national sales tax to replace all the other taxes....or, at least the Turtle's pet ,the inheritance tax.
    I'm not exactly sure what you mean by "idle money". Do you mean savings?

    A national sales tax has it's own issues not even considering enforcement. How about paying $110k for a house that's only worth $100k? Or $22k for a $20k car? A new car has always de-valued when you drive it off the lot but by an extra 10%? What was a $20k to $18k is now $22k to $18k in the first mile. The same goes for a new house. In either case would your insurance company pick up the tab for the extra 10% if the car or house is totaled by accident or fire? I doubt it.
    Last edited by MoSurveyor; 02-29-12 at 01:16 PM. Reason: sp
    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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