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. #261
    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
    Yes, we know that you receive a preferential and discriminatory rate on capital gains which permits you to pay some 60% less than others do on the same money earned as salary or wages.

    That is a disgraceful abomination which must be stopped.

    But thank you for the admission.
    again that is based on your irrational attempts to compare apples to oranges and your irrational denial that dividends are not taxed twice

    envy is the abomination that must be stopped

    and when you start paying as much taxes as I do, you might have some credibility with me to whine about me getting "preferential treatment"

  2. #262
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by teamosil View Post
    In theory, if I didn't have to worry about any practical issues, abolishing inheritance would be the way to go. Use the money collected to give everybody a much better life. For example, you could easily provide free health care, free education, and eliminate the sales and property taxes while still covering the entire deficit and starting to pay down the debt if you had a 100% estate tax. People would thrive or flounder based more on their own efforts than on those of their parents.

    But, in reality that isn't practical. People wouldn't just leave all the money to the government that they leave to their kids today. They'd find ways to sneak it to their kids and evade the estate tax. People would have to move out of their own homes when a parent dies. Small family businesses would need to be sold off. The practical concerns are too great, so I voted for a 1 million exemption. That doesn't totally solve all the practical issues, but it lessens them to a manageable level.
    go ahead, lead the charge to confiscate everyone's wealth when they die. I know what would happen if you tried to do that

  3. #263
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    Re: which best describes your view of the inheritance tax?

    When you folks show the same passion and ardor to curb our run-away spending....have the guts to take the cuts that's going to entail...then maybe you'll have something. Just screaming for everybody to pay more taxes is getting old.

    Ya'll are playing right into the hands of the biggest spendthrift government in the history of the world.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  4. #264
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MaggieD View Post
    When you folks show the same passion and ardor to curb our run-away spending....have the guts to take the cuts that's going to entail...then maybe you'll have something. Just screaming for everybody to pay more taxes is getting old.

    Ya'll are playing right into the hands of the biggest spendthrift government in the history of the world.
    Lenin had a word for those people-USEFUL FOOLS

    and that is a great post

    notice that none of the tax hikers who whine that investors aren't paying enough have never answered the questions put to them as to why the government really NEEDS the money and has used it WISELY

  5. #265
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MaggieD View Post
    When you folks show the same passion and ardor to curb our run-away spending....have the guts to take the cuts that's going to entail...then maybe you'll have something. Just screaming for everybody to pay more taxes is getting old.

    Ya'll are playing right into the hands of the biggest spendthrift government in the history of the world.
    President Obama's latest proposal was for $4 trillion in deficit reduction. $3 trillion of that was spending cuts, only $1 trillion was revenues. The Democrats on the super committee proposed $3 trillion in deficit reduction, just under $1 trillion of that was revenues. So I guess we "have something", eh?
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  6. #266
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    many of the highest earning women tennis players were blessed with the genes of extremely athletic parents

    how are you going to prevent that sort of inequality. Both my parents were extremely well educated and tested on the far right of the bell curve. Again that gave me a huge advantage. and look at all those models-they got the beauty genes that lead to millions of dollars

    so if you wanna whine about having industrious parents maybe you want to tax Andre Agassi and Steffi Graf's children for having parents with off the chart athletic talent.
    This is patently absurd. Nobody is denying what you describe here. And nobody is trying to prevent it.
    __________________________________________________ _
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  7. #267
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by teamosil View Post
    President Obama's latest proposal was for $4 trillion in deficit reduction. $3 trillion of that was spending cuts, only $1 trillion was revenues. The Democrats on the super committee proposed $3 trillion in deficit reduction, just under $1 trillion of that was revenues. So I guess we "have something", eh?
    since everyone seems to agree on the cuts why not do them and not wait for the punish the rich nonsense that Obama screams for and you seem enamored with

  8. #268
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    This is patently absurd. Nobody is denying what you describe here. And nobody is trying to prevent it.
    Its the same mentality-whining that others had better fortunes of birth

  9. #269
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Lenin had a word for those people-USEFUL FOOLS

    and that is a great post

    notice that none of the tax hikers who whine that investors aren't paying enough have never answered the questions put to them as to why the government really NEEDS the money and has used it WISELY
    I never met LENIN but I know what useful fools are. Right libertarians who would so castrate the power of the federal government that we end up with a fascist corporatocracy where even those useful fools eventually end up in the camps. Maybe out of consideration for their service they will be able to ride their in a limo?
    __________________________________________________ _
    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. #270
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Its the same mentality-whining that others had better fortunes of birth
    This is this - this isn't something else.

    You need to learn the difference.
    __________________________________________________ _
    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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