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. #541
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    this is a specious argument used to justify taking more money from people for the government to waste
    The waste of tax money is not inevitable. Tax dollars can be either well spent or poorly spent.

  2. #542
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    from the IRS



    and more from wikipedia

    i didn't ask wiki or the IRS a question... i asked you... Haymarket.
    ( i know what the IRS has to say on the matter already)


    ..what was it you told TD?.. something about definitions and laws being changed by politicians?....yeah...

  3. #543
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    when everyone who has the benefits of citizenship pay the same 15% effective rate that those who only have investment income do then maybe I will take your bash the rich stuff seriously

    the fact is those who have dividend income tax are already paying far higher than 30% effective tax rates on their income
    Your attempt to rationalize tax preferences is irrelevant to the facts and their impact upon the American people.

    The fact is that somebody putting $800,000.00 in their pocket from wages pays $280,000.00 on that money.
    Somebody putting $800,000.00 in their pocket from capital gains pays $120,000.00 on that same amount of money.
    Somebody putting $800,000.00 in their pocket from inheritance pays $0.00 on that same amount of money.

    Now please give the American workers three good reasons why they should support that system when their income comes from wages.
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  4. #544
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Luna Tick View Post
    The waste of tax money is not inevitable. Tax dollars can be either well spent or poorly spent.
    well when the government proves it is not wasting billions maybe then I won't hurl everytime some government apologist claims it needs even more money

  5. #545
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Thrilla View Post
    i didn't ask wiki or the IRS a question... i asked you... Haymarket.
    ( i know what the IRS has to say on the matter already)


    ..what was it you told TD?.. something about definitions and laws being changed by politicians?....yeah...
    and I gave you the answer and if you read it you would learn that your premise was a FALSE ONE.
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    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

  6. #546
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Your attempt to rationalize tax preferences is irrelevant to the facts and their impact upon the American people.

    The fact is that somebody putting $800,000.00 in their pocket from wages pays $280,000.00 on that money.
    Somebody putting $800,000.00 in their pocket from capital gains pays $120,000.00 on that same amount of money.
    Somebody putting $800,000.00 in their pocket from inheritance pays $0.00 on that same amount of money.

    Now please give the American workers three good reasons why they should support that system when their income comes from wages.
    yet you are being dishonest

    and you ignore that the person with capital gains is risking the money and paid massive taxes getting the money to invest.

    and the inheritance-that wealth was massively taxed when it was made. its not being "made" again when it is transferred to a family member

  7. #547
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Most people don't pay the estate or death tax-why? because any politician who advocated it apply to all estates would be out of office or dead rather quickly.

    so tell us Haymarket, why should those who already pay the most income taxes be the ONLY group that suffers this abomination. If it was really needed everyone would pay it. What harm does it do to get rid of it and save all the money wasted in complying with it or guarding against it?
    And I keep telling you Turtle that I agree that we should abolish the estate tax and wipe it off the books. Same with capital gains taxes. Wipe them off the books completely.

    Simply tax all monies coming into persons pocket as income according to the appropriate rate schedule as is wages and salary.
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  8. #548
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    And I keep telling you Turtle that I agree that we should abolish the estate tax and wipe it off the books. Same with capital gains taxes. Wipe them off the books completely.

    Simply tax all monies coming into persons pocket as income according to the appropriate rate schedule as is wages and salary.

    and everyone should pay the same flat rate

  9. #549
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    yet you are being dishonest

    and you ignore that the person with capital gains is risking the money and paid massive taxes getting the money to invest.

    and the inheritance-that wealth was massively taxed when it was made. its not being "made" again when it is transferred to a family member
    It is NOT the job of the government to subsidize risk by private individuals in private ventures investing their own private money.

    When money changes hands from one owner to a new owner, it is normal for it to be taxed. My wages work like that - your salary works like that... money is taxed over and over and over again when it changes hands from one owner to another.
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    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. #550
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    and everyone should pay the same flat rate
    Again, you confuse apples with cinderblocks.

    Everyone making a certain income should pay the same rate for that income level. Agreed. and good night to all.
    __________________________________________________ _
    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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