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. #441
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Empirica View Post
    I am relieved to see that the majority of pollers, like myself, clicked option #1__To those of you who clicked otherwise, I ask 'do you really believe government has proven itself to be an efficient and provident administrator of your tax dollars'?

    And have you forgotten that these assets have already been taxed by an insatiable government that will never be content until it has found a way to tax 100% of everything from everyone and ration back to us what it determines our needs to be?

    Back door Communism___Like a thief in the night___Come on people, this isn't rocket surgery!
    Its amazing some one thinks the government should take everything you have when you die or should take 35% of everything you own

    disgusting isn't it

    back tonight

  2. #442
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Perhaps you have heard of The Golden Rule?
    That's what I'm using.

    I don't want the government to treat me any differently then anyone else, regardless of race, ethnicity, age, religion, sexual orientation, or how much money I've earned.

    No one should receive special privileges for being poor, and no one should be penalized for being rich.
    Last edited by Jerry; 01-31-12 at 09:05 AM.

  3. #443
    Transcend~
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    we will teach our twisted speech to the young believers
    we will train our blue eyed men to be young believers
    Poetic reality___I love it!

    The young are such easy targets for the marxist utopian dream.
    When a crime is ignored ~ it becomes flagrant;
    When a crime is rewarded ~ it becomes epidemic:

    No Amnesty No Exception

  4. #444
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by cpwill View Post
    actually this is incorrect - the uberwealthy are able to protect their money from inheritance taxes. what an inheritance tax does is stop the creation of new multi-generational wealth; protecting the position of the "old money" against competition.
    I never considered that. Definitely something for much deeper thought.


    The thing is it's not the money in and of itself - it's the non-economic power the money represents that's the sticking point. I could care less if some rich guy wants to spend 330 days a year sunning his ass in the Caribbean and the other 30 days in Aspen, flying back and forth between them at his whim. But when he decides he doesn't want to pay taxes on the jet, then uses his money to lobby in DC to make that happen, yeah - that's a problem. At this point we've gone beyond a representative democracy into an aristocracy with the rich at the top of the food chain dictating to those below. Is it any wonder we would want to limit the size of that ruling class?

    But I can possibly see where protecting the existing Aristocracy from New Money may not be in our best interest, either. (I'm a bit of a Darwinist.) Deeper thought, indeed - thanks for pointing this out!

  5. #445
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    Re: which best describes your view of the inheritance tax?

    well the old adage would serve you best there: if you wish to get business out of politics, get the politicians out of business. folks only spend fortunes buying congresscritters because it earns them a decent return. a government so limited as to be incapable of such discrimination in its' treatment of citizens is unable to provide such a return, and thus attracts no investment.

  6. #446
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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.
    I don't see that. Either the construction contracts are there or they aren't. Who signs the paycheck for those construction workers is irrelevant to the overall economy. I'm not saying it's "right" that your uncle's company goes out of business (though I can think of a couple of ways it could survive intact) but if it does, the construction contracts it would have won would be won by someone else and those workers would have the job instead of your uncle's workers. No jobs have been lost, they've just shifted from one company's workers to another. Or maybe the other company's owner will see a chance to expand and hire those workers instead. There are many possibilities but none lead to fewer jobs. The work still has to be done by someone.

    Quote Originally Posted by TurtleDude View Post
    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
    That's a simple answer - mistreat people enough and they rebel in one way or another. You can laugh at OWS all you want but regardless of your opinion of it, it's a sign of unrest. "The masses" are being pushed and, like any living organism, they push back in kind.


    Of course the GOP doesn't want to tax those that feed it. If +$1 in more taxes = -$1 in political slush then the GOP would be losing money. We all know politicians are there first and foremost to line their own pockets. (And that applies to both sides of the aisle.)

    Quote Originally Posted by cpwill View Post
    well the old adage would serve you best there: if you wish to get business out of politics, get the politicians out of business. folks only spend fortunes buying congresscritters because it earns them a decent return. a government so limited as to be incapable of such discrimination in its' treatment of citizens is unable to provide such a return, and thus attracts no investment.
    Or we could just put a stop to campaign contributions?

    I remember a world without clean air regulations - I don't want to go back. I grew up less than a mile away from a steel mill and you would not beeelieeeve what kind of crap came out of that place! Ditto for the plating shop just down the road from it. Environmental regulations are just one example, there are many others. The world has moved beyond simplistic answers like yours and mine.
    Last edited by MoSurveyor; 01-31-12 at 10:45 AM.

  7. #447
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    your concept of fair share is based on

    1) the from each according to their ability mantra

    2) an apples to oranges comparison


    3) supporting anything that makes other people pay more money to your beloved behemoth government
    Actually my concept of FAIR is based on the following reality of living in America and has NOTHING to do with ideology. Its all pragmatic numbers which cannot be denied.

    case #1 George Brown. Works as a record producer and has risen up in the ranks due to hard work and his own talent. He made an income of $800,000.00 in 2011. His tax rate is 35%. Without any deductions, his tax bill is $280,000.00 in federal income tax.

    case #2 is Susan Green. She does not work at a job. She has a portfolio of investments and lives off that income. In 2011, she earned an income of $800,000.00 in long term capital gains. Her tax rate is 15%. Without any deductions, her tax bill is $120,000.00 in federal income tax.

    case #3 is Tom Wallace. He did not work in 2011. He did inherit $800,000.00 from his father who died leaving him the money. Because of the 5 million dollar exemption, his tax rate on the $800,000.00 is zero percent. His tax bill is nothing - zero dollars in federal income tax.

    So we have three Americans all who placed $800,000.00 into their pockets in 2011.
    One paid $280,000.-- in federal tax upon that sum.
    Another paid $120,000.00 in federal tax upon that sum.
    A third paid $0.00 in federal tax upon that sum.

    Now explain to me, why the American people - the vast vast majority of which get their money from wages and salary, should support this sort of system which discriminates among sources of money and applies discriminatory rates to them?

    No apples to oranges.... dollars to dollars ...... tax bill to tax bill ...... rate to rate.
    __________________________________________________ _
    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

  8. #448
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Jerry View Post
    You're quite welcome.

    Did you have a point you wanted to make, or was this just idle curiosity?
    The point was made but if you need be reminded I am happy to do so again.
    __________________________________________________ _
    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

  9. #449
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by cpwill View Post
    no. we do not agree with (and often do indeed look down upon) those who see the interests of the working class and wealthy as being inherently at odds.
    And I am sure that in Fairy Tale Land giants and dwarves are also created equal.
    __________________________________________________ _
    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. #450
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by cpwill View Post
    well... for one example... you will note that in my post I point out that - according to the CBO - in fact we hit the wealthy and capital gains harder than wages .



    did you even read the thing?

    Perhaps you can explain in ordinary everyday English how 35% of an $800,000.00 income in wages is actually LESS than 15% of an $800,000.00 income from capital gains?
    __________________________________________________ _
    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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