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. #271
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Actually not. We can define what it income any way we want to define it as long as it involves money or wealth being acquired by a person that they did not previously have as their own. There are no hard and fast rules for the acquisition of money or wealth and a fine line between what is income and what is not. This equal exchange of value nonsense is but one example of making crap up as you go along to fit what you want the definition to say. Last night one poster went on and on and on about it until he finally had to admit it was simply his own personal belief and not a law or a principle.

    INCOME - money COMES IN to a persons pocket or account. INCOME/ COME IN/ INCOME/ COME IN. Get it now? Its not that hard to see.

    We as a nation and our government needs to stop discrimination on the source of money coming into a persons pocket or account and simply treat all financial gain as income and tax it accordingly.
    Hmm, that would include food-stamps, Title19, Section-8, Stanford loans, scholarships, child-support, HEAP, TANIF.....

  2. #272
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    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
    Everyone does not agree on the cuts. The Republicans don't agree to the military cuts. The Republicans want to put the weight of the deficit exclusively on the middle class through domestic spending cuts. The Democrats want to split it up between the middle class (domestic spending) the military, and the rich (revenues). Sounds like you're just asking "why don't the Democrats just give in and let the Republicans put it all on the middle class"... Well, the answer is obvious- because that is abjectly immoral and economically damaging and ultimately won't be sufficient to close the deficit anyways.
    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.

  3. #273
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    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"
    Playing the all purpose ENVY CARD again I see. The last refuge of someone who cannot make any other argument.

    You are getting preferential treatment by virtue OF YOUR OWN ADMISSION that you only pay 15% on much of your money.

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  4. #274
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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?
    Over what period of time? And don't talk to me about revenues. Talk to me about spending cuts. $3 trillion over how long? Dems proposed cutting $2 trillion...over how long? Our national debt stands at $48,000 for every man, woman and child in the USA. It's been increasing at a rate of $3.94 billion per day since 9/07.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  5. #275
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Jerry View Post
    Hmm, that would include food-stamps, Title19, Section-8, Stanford loans, scholarships, child-support, HEAP, TANIF.....
    I would be happy to entertain reasons why they should. Amuse me.
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  6. #276
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    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 is a conspiracy thread section where that sentiment might fit better. lets do a body count

    governments pretending to force equality have killed? I will take ONE HUNDRED MILLION OR MORE FOR two thousand Alex

    corporations in the USA have killed how many american citizens?

  7. #277
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Playing the all purpose ENVY CARD again I see. The last refuge of someone who cannot make any other argument.

    You are getting preferential treatment by virtue OF YOUR OWN ADMISSION that you only pay 15% on much of your money.

    Confession is a good first step on the road to redemption.
    I pay over 45% on those dividends. and you forget that I pay far more actual tax dollars than 99% of America

    quit whining. My overall effective federal tax rate is much higher than most of America

    and my family has paid millions in death taxes-again quit whining

  8. #278
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    there is a conspiracy thread section where that sentiment might fit better. lets do a body count

    governments pretending to force equality have killed? I will take ONE HUNDRED MILLION OR MORE FOR two thousand Alex

    corporations in the USA have killed how many american citizens?
    Do you not know the difference between the past and what could yet come?
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  9. #279
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by teamosil View Post
    Everyone does not agree on the cuts. The Republicans don't agree to the military cuts. The Republicans want to put the weight of the deficit exclusively on the middle class through domestic spending cuts. The Democrats want to split it up between the middle class (domestic spending) the military, and the rich (revenues). Sounds like you're just asking "why don't the Democrats just give in and let the Republicans put it all on the middle class"... Well, the answer is obvious- because that is abjectly immoral and economically damaging and ultimately won't be sufficient to close the deficit anyways.
    Well that is where compromise should occur

    neither party wants to give up on the spending that benefits their constituents.

    Tax hikes should not be part of this. since everyone agrees on spending cuts stick to that

    and your beloved tax hikes on the rich won't do squat

    the only tax hikes that could work are politically impossible-ones that make most of america seething mad at big spending politicians-ie jacking up everyone's taxes equally to cover the debt

  10. #280
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    Re: which best describes your view of the inheritance tax?

    Hold it, if the correct answer is not there, can't we make up our own?

    5 Mil exempt,

    tax up to 10mil at 35%

    over 10 Mil, 90%.

    Also, raise the gift tax to 35%.

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