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. #491
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    These all sound like steps in the right direction.

    Philosophically, the law of subsidiarity makes sense to me: Every task should be handled by the smallest, lowest, and least centralized competent authority. There is a reason that the american states formed the union to which each of our states belong. They saw it as having a legitimate purpose, and I agree that there are tasks that are best handled by the federation: coordination of mutual defense, for instance, or resolving trade disputes among the member states.

    However, there are many, many tasks currently performed by the federation that need not be, and in fact would be better handled by the states, or even lower authorities. In fact, almost everything that the federal government currently does could be done by states, counties, municipalities, or groups of individuals.
    Ideally I'd like to see the states proper powers returned immediately to them but I am a realist. I realize that the economy is as natural as breathing and no matter how much intervention it will go in it's natural path, however like anything else natural a huge shock would decimate it, too much internal fighting, too many people scared out of the consumption/investment side. As well the internal strife could lead to social unrest that would invalidate any good from defederalization so a slow, steady, and agreeable pace would be best. I think if we at least could manage the beast in the meantime things would improve.

    Totally agree. It would be a HUGE mistake to allow both an income and a consumption tax.
    Too much tax along with too many variables. Either would sufficiently fund a properly run government.

    Yeah, you can't go from our current situation back to a constitutional federal government overnight. The idea is to continually be moving in the right direction.
    Absolutely.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  2. #492
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    Re: which best describes your view of the inheritance tax?

    Sure, everyone starts out altruistic. When the money becomes to be apparently yours, everyone will fight over everything, up to and including the collapsible dip stick.

    I do not agree with what you have to say, but I'll defend to the death your right to say it. Voltaire

    When you make your peace with authority, you become an authority.- Jim Morrison

  3. #493
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Uzidoesit View Post
    Sure, everyone starts out altruistic. When the money becomes to be apparently yours, everyone will fight over everything, up to and including the collapsible dip stick.
    The point of a will is to make it so that people won't fight over everything

  4. #494
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by StillBallin75 View Post
    The point of a will is to make it so that people won't fight over everything
    Half of it anyway. The other is legal to insure that your last wishes are fully carried out, which leads to an elimination of the other half.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  5. #495
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    Ideally I'd like to see the states proper powers returned immediately to them but I am a realist.
    Good point. It's taken a very long time to arrive at our current state. It's not going to be fixed in the next 6 months, or even 6 years. It's going to take time.

    I realize that the economy is as natural as breathing and no matter how much intervention it will go in it's natural path, however like anything else natural a huge shock would decimate it, too much internal fighting, too many people scared out of the consumption/investment side. As well the internal strife could lead to social unrest that would invalidate any good from defederalization so a slow, steady, and agreeable pace would be best.
    I agree that abrupt change is always disruptive. The only thing to keep in mind is that a collapse of the government is also an abrupt change, which would lead to untold misery. I think it is beholden on the states to look at what the federal government is doing and begin to make contingency plans for a possible federal collapse. The states, not the federation, are ultimate responsible for the well-being of their citizens.

    I think if we at least could manage the beast in the meantime things would improve.
    Yes, slowing the rate at which we are driving toward the cliff would be a good first step.

  6. #496
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    Good point. It's taken a very long time to arrive at our current state. It's not going to be fixed in the next 6 months, or even 6 years. It's going to take time.


    I agree that abrupt change is always disruptive. The only thing to keep in mind is that a collapse of the government is also an abrupt change, which would lead to untold misery. I think it is beholden on the states to look at what the federal government is doing and begin to make contingency plans for a possible federal collapse. The states, not the federation, are ultimate responsible for the well-being of their citizens.


    Yes, slowing the rate at which we are driving toward the cliff would be a good first step.
    I would like to see the federal preserved at all costs as long as we can ultimately get closer to a return to the founder's vision of what we can be. There have been good changes over the years from all idealogical sides, but the problem has become an authoritarian mindset which is fueled by the ability to take more property than is necessary for a proper government and the power that comes with it. In all of it the federal and many states act as if they are unaccountable to the people, we have to figure out what works and what never will, then we will have a better union.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  7. #497
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    I would like to see the federal preserved at all costs as long as we can ultimately get closer to a return to the founder's vision of what we can be. There have been good changes over the years from all idealogical sides, but the problem has become an authoritarian mindset which is fueled by the ability to take more property than is necessary for a proper government and the power that comes with it. In all of it the federal and many states act as if they are unaccountable to the people, we have to figure out what works and what never will, then we will have a better union.
    I think you are forgetting alot. Most people just don't even really care and don't even bother to vote.

  8. #498
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by winston53660 View Post
    I think you are forgetting alot. Most people just don't even really care and don't even bother to vote.
    This is true, I think it's a catch 22 in that people don't vote because they don't care but it's because you get an idiot either way you vote so "why care?".
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  9. #499
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    I would like to see the federal preserved at all costs as long as we can ultimately get closer to a return to the founder's vision of what we can be. There have been good changes over the years from all idealogical sides, but the problem has become an authoritarian mindset which is fueled by the ability to take more property than is necessary for a proper government and the power that comes with it. In all of it the federal and many states act as if they are unaccountable to the people, we have to figure out what works and what never will, then we will have a better union.
    I agree that there is a good reason for a state to belong to a federation. It affords much more military security than a small state on its own could possible have. The elimination of inter-state trade barriers is also beneficial to the citizens of all the member states.

    Like you, I'd rather fix it than abandon it, if that is possible.

  10. #500
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    I agree that there is a good reason for a state to belong to a federation. It affords much more military security than a small state on its own could possible have. The elimination of inter-state trade barriers is also beneficial to the citizens of all the member states.

    Like you, I'd rather fix it than abandon it, if that is possible.
    Yep. As well the reason we work better than the EU or smaller countries is because we as a nation do have a sense of identity, we disagree on the details as a people but at the end of the day there is a singular goal(for the most part) preserving our country to the best of our ability. This keeps us usually at an advantage economically and politically whereas many less tight-knit nations have had to abandon their politics or folded. Our binding is our federation, unfortunately it's at a point where the binding has gotten a little too tight.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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