There should be no inheritance tax of any amount of money or assets.
The first 5 million dollars should be exempt. After that the tax rate should be 35%.
The first 5 million dollars should be exempt. After that the tax rate should be 50%.
The first 1 million should be exempt. After that the rate should be 50%.
No exempt amount. Tax at 35% from the get-go.
No exempt amount. Tax at 50% from the get-go.
Abolish all inheritance. In other words, tax 100%.
Meanwhile, I've experienced seeing my tax bill plummet by five-figures from one year to the next. And it doesn't go back up the next year either. That's just free money being passed out that neither I nor any wealthy person actually earned or needed. It's simply been handed to us year after year after year after year. While the median family has struggled just to get by. Whatever it is you think you went over before, you messed it up.
Last edited by Cardinal Fang; 03-01-12 at 07:36 AM.
only a hard core statist can claim tax cuts-that resulted in the richest one percent PAYING EVEN A HIGHER SHARE OF THE INCOME TAX Burden-could call such stuff welfare for the rich
when the top one percent start paying less than one percent of the taxes than you might have an argument. Being charitable, when the rich pay less of the income tax burden than their share of the income, then your babbling can be seen as someithing other than blatantly dishonest nonsense. But that is no where near happening
Why should the government be able to tax money inherited by someone? It doesn't matter the amount.