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. #551
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    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.
    giving people money because they are too stupid, too lazy or too untalented to earn it on their own is subsidizing sloth

    no its not normal for gifts to be taxed and its not normal for most estates to be taxed so cut the crap. you are not being truthful on that count

  2. #552
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    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.

    the same rate period. Your concept of fairness always has a carve out to allow you to pimp the industrious

  3. #553
    Sage

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

    Quote Originally Posted by haymarket View Post
    and I gave you the answer and if you read it you would learn that your premise was a FALSE ONE.

    I didn't ask haymarket what the IRS or wiki says.. i asked Haymarket a question... a question i guess i'm not getting an answer to. <shrugs>

  4. #554
    Sage

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

    i'll wager some in here wants to tax the allowance people give to their kids too.... as it "changes owners" and it's "income"

  5. #555
    warrior of the wetlands
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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 haymarket what the IRS or wiki says.. i asked Haymarket a question... a question i guess i'm not getting an answer to. <shrugs>
    Here are a couple questions I haven't had answered from Haymarket

    why should someone who say lives off a lifetime of savings (through investments) have his tax go from 15% (on top of corporate profit taxes) to 40% as you want

    why should a million dollars made by a corporation be taxed TWICE by the greedy government so they get 35% at the first cut (leaving 650K) and then 40% when it is distributed to the owners meaning of the 1 million earned by the corporation only 390K makes it into the pockets of the citizens

  6. #556
    warrior of the wetlands
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Thrilla View Post
    i'll wager some in here wants to tax the allowance people give to their kids too.... as it "changes owners" and it's "income"

    three people want the government to take everything you own when you die. someone like that gets in office its time to start the revolution

  7. #557
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    New owner of the money since it changed hands. New tax on it with the new owner. Thus, it has not already been taxed on current owner.

    That is the way money works. The same money is taxed again and again and again when it changes hands - just like an inheritance.
    So just to be clear, your position is that any time money changes hands, that money represents income to the receiver and ought to be taxed? Does this also apply to goods such as land, factories, boats, cars, livestock, etc?

  8. #558
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    Yeah I am a statist-I want the beast to go on a diet and Haymarket figures the way to cure its diabetes is to give it a sugar cane plantation
    LOL. Statist. He keeps using that word. I do not think it means what he thinks it means.

  9. #559
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    and I gave you the answer and if you read it you would learn that your premise was a FALSE ONE.
    Cop out alert.

  10. #560
    Educator Gary's Avatar
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Centinel View Post
    LOL. Statist. He keeps using that word. I do not think it means what he thinks it means.
    The Dude knows a statist is someone who states things, so he ain't going to let people with a Commie/Socialist agenda keep a statist from being a statist. Don't let them tell you you're not a statist, Dude!
    Last edited by Gary; 02-02-12 at 07:16 AM.

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