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. #391
    Klattu Verata Nicto
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by cpwill View Post
    point worth making - this is in construction contracting. currently employment and investment in that sector is.... not robust. those blue-collar workers and their families that the death/estate tax will throw onto the street will likely be there for a long time.
    Yeah. I hadn't even considered that because Louisiana, especially the oil cities like mine tend to be on the reverse end of downturn, we aren't hurting badly though our housing and construction sectors are starting to show signs of slowing. Construction is an all or nothing field and when it's nothing it hurts, it tends to be a national cycle too which means relocating to a construction rich sector is not always an option. Your point is well taken.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  2. #392
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by evanescence View Post
    I actually addressed that in an earlier post. The first $5 million would be untouched. But 35% after that. It's not that I want to TAX THE RICH!!! out of envy. But I do want to prevent an Aristocracy. That's all.
    Point to ponder for you. Aristocracies are typically politically protected noble classes, they tend to have wealth through government mandate and offer no real value to people. If an estate survives to create wealth for heirs and they choose a passive role in maintaining the business it still has the capacity to provide value to others even if they are of suspect value themselves. As long as they are consuming however based on earnings from a trust or estate they are still creating a need for other's work in the form of products and services so it can be argued their value is in spending.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  3. #393
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Viktyr Korimir View Post
    Or maybe he's saying that we could not possibly cut enough spending to balance the budget without finding a way to generate a whole lot of additional revenue-- and especially not while trying to pass the kinds of massive tax cuts that the Republicans are clamoring for.
    oh there are tons of things to cut-that it might hurt one or both parties ability to pander to the voters is not something to get worried about

  4. #394
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    Point to ponder for you. Aristocracies are typically politically protected noble classes, they tend to have wealth through government mandate and offer no real value to people. If an estate survives to create wealth for heirs and they choose a passive role in maintaining the business it still has the capacity to provide value to others even if they are of suspect value themselves. As long as they are consuming however based on earnings from a trust or estate they are still creating a need for other's work in the form of products and services so it can be argued their value is in spending.
    death taxes do protect the uber wealthys' position on top the pyramid

  5. #395
    Sage

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

    Quote Originally Posted by TurtleDude View Post
    MOre horsecrap--spending cuts do not require more revenue in the minds of any rational person. what you are saying is that the dems will lose votes from spending cuts so they have to make that up by jacking up the taxes on the wealthy to buy back those votes

    repeat again

    SPENDING CUTS DO NOT REQUIRE TAX HIKES

    SPENDING CUTS DO NOT REQUIRE ADDITIONAL REVENUE
    Do you even bother to actually READ the post that you reproduce before you issue standard statement #165?

    Go back and read it this time. I said that there are those of us who want BOTH sides of the ledger dealt with. I never thought I would live long enough when the notion that there are two sides to an accounting ledger was considered as "horsecrap". It shows just how far down the rabbit hole some extremists have fallen.
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  6. #396
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    death taxes do protect the uber wealthys' position on top the pyramid
    Since they do not exist - of course they don't.
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  7. #397
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    Point to ponder for you. Aristocracies are typically politically protected noble classes, they tend to have wealth through government mandate and offer no real value to people. If an estate survives to create wealth for heirs and they choose a passive role in maintaining the business it still has the capacity to provide value to others even if they are of suspect value themselves. As long as they are consuming however based on earnings from a trust or estate they are still creating a need for other's work in the form of products and services so it can be argued their value is in spending.
    It is my belief that the ultra rich are useless individuals who are more parasitic than any poor person could ever be. Those people shouldn't be allowed to exist in their current state of uselessness. Simply accumulating money/resources while being idle is unnatural.
    “In politics, stupidity is not a handicap.” -Napoleon

  8. #398
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    death taxes do protect the uber wealthys' position on top the pyramid
    Pretty much. For all the lip service Buffet and Gates give to the pro tax side those two are so sheltered from paying any sum that would hurt them fiscally, they will trade off a few mil. here or there and then kick a little to charity while hiding behind cap gains and telling everyone else they feel guilty about paying "too low a rate". All the while they say this they are politically protected from exactly what they advocate because they have enough money and influence to pretty much buy whatever outcomes they want.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  9. #399
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Do you even bother to actually READ the post that you reproduce before you issue standard statement #165?

    Go back and read it this time. I said that there are those of us who want BOTH sides of the ledger dealt with. I never thought I would live long enough when the notion that there are two sides to an accounting ledger was considered as "horsecrap". It shows just how far down the rabbit hole some extremists have fallen.
    and many of us-ie most of the GOP and almost all its representatives don't want to tax people more-especially those who are targeted by the parasitic dem politicians

    so lets just cut cut cut and see what happens

  10. #400
    Sage

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

    Quote Originally Posted by TurtleDude View Post
    why should Romney pay both the highest rates and then a SURCHARGE on that wealth after he dies

    Most americans aren't angry at the rich despite your party's efforts to stir up such anger
    FALSE.

    Romney pays NOTHING after he dies. New owners of new wealth to them pay the estate tax.

    Go back and read my post from this morning where I provided poll after poll describing how the public felt about taxing the wealthy. It is called providing EVIDENCE to build a CASE.
    __________________________________________________ _
    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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