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. #51
    Klattu Verata Nicto
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by kenvin View Post
    All money is in circulation. My boss paid taxes on profits. Our customers paid taxes in their pay before that. When you recieve money you didn't have before that is income and should be subject to appropriate tax.
    All of which can be simplified with a better tax system based off of purchases or a flat rate. You still are not differentiating the fact that money in an estate is being taxed for the simple transference to it's new owners, this is what a will is for, to designate already paid on money to it's destination. Face it, re taxing is BS.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  2. #52
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    You seem to ignore the difference between properly taxed transactions that result in income exchanged for value be it goods or services vs gifts which were never seen as taxable transactions until the greedy parasites in government decided they needed more money to waste
    Where are you getting this exchange of value stuff from? can you cite the law on that for us? And in the detailed example I gave you the exchange of value is obvious and repeated over and over again.
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  3. #53
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Where are you getting this exchange of value stuff from? can you cite the law on that for us? And in the detailed example I gave you the exchange of value is obvious and repeated over and over again.
    why is there an estate and gift tax rather than it being in the income tax? because even a parasitic congress that wanted both such taxes realized they are different transactions

    and tell us again why the government needs all this money. and why don't people like you start paying more if you think this is a good idea and stop demanding people like me who already pay tons pay even more

    THIS GOVERNMENT HAS PLENTY OF MONEY TO DO ITS PROPER JOB

  4. #54
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    Which has absolutely nothing to do with multiple taxation. Try again.
    Your comment makes no sense. I showed you a detailed example where the same $100 bill was taxed again and again and again in just one days time. That is exactly multiple taxation on the same money. But then again, that is the way it works and that is the way it is suppose to work.

    This right wing meme of "double taxation" of capital gains or inheritance is simply nonsense that scares nobody but themselves since they believe what they opt to believe even though it is fantasy.
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  5. #55
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    why is there an estate and gift tax rather than it being in the income tax? because even a parasitic congress that wanted both such taxes realized they are different transactions

    and tell us again why the government needs all this money. and why don't people like you start paying more if you think this is a good idea and stop demanding people like me who already pay tons pay even more

    THIS GOVERNMENT HAS PLENTY OF MONEY TO DO ITS PROPER JOB
    Sorry Turtle but I answered your question of me straight out and direct. Please do the same before you ask more of your own.

    Where in the law are you getting this stuff about exchange of value from as a necessary part of taxation?
    __________________________________________________ _
    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. #56
    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
    Your comment makes no sense. I showed you a detailed example where the same $100 bill was taxed again and again and again in just one days time. That is exactly multiple taxation on the same money. But then again, that is the way it works and that is the way it is suppose to work.

    This right wing meme of "double taxation" of capital gains or inheritance is simply nonsense that scares nobody but themselves since they believe what they opt to believe even though it is fantasy.
    the fantasy is the love for a wasteful government and the unending attempts to justify the government should take more and more wealth from us

  7. #57
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    the fantasy is the love for a wasteful government and the unending attempts to justify the government should take more and more wealth from us
    Why are you unable to defend your own argument? Tell us where this allegation of yours about exchange of value for taxation is found in the law.

    And please do not reply with more pontificating statements of belief that fail to answer the question about your own previous claims. Lets dot this letter i before we move on to new words or claims.
    __________________________________________________ _
    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. #58
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Sorry Turtle but I answered your question of me straight out and direct. Please do the same before you ask more of your own.

    Where in the law are you getting this stuff about exchange of value from as a necessary part of taxation?
    It has nothing to do with the law, and everything to do with simple economics.

    Income in the form of personal consumption or business investment is included under what economists term "national income." That is, the national economy as a whole receives a flow of income whenever an employer pays his employee, AND whenever that employee goes down the street to the convenience store to buy some gum or chips or beef jerky. These transactions happen when there is an equal exchange of value - an employer paying a worker for his labor, a consumer going down the street to the store to buy something for his personal consumption, etc. All these are included under "national income," of which GDP or GNI are rough equivalents. GDP and GNI are numbers that represent the flow of income for a country's economy on an annual basis, as I'm sure you already know.

    Transfer payments of liquid wealth DO NOT fall under the same category. The are simply handing money from one party to another. In other words, inheritance is NOT INCOME.
    Last edited by StillBallin75; 01-29-12 at 12:28 AM.

  9. #59
    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
    Why are you unable to defend your own argument? Tell us where this allegation of yours about exchange of value for taxation is found in the law.

    And please do not reply with more pontificating statements of belief that fail to answer the question about your own previous claims. Lets dot this letter i before we move on to new words or claims.
    its easy to defend

    inheritance is not INCOME and the INCOME TAX proves that

    and again what justifies this unbelievable desire for the government to take more and more?

  10. #60
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    its easy to defend

    inheritance is not INCOME and the INCOME TAX proves that

    and again what justifies this unbelievable desire for the government to take more and more?
    All money coming into a persons pocket or account should be taxed as income..... MONEY coming IN. Get it Turtle?

    And quit moving the goal posts and answer the question that you have been impotent to speak to so far.

    Tell us where this allegation of yours about exchange of value for taxation is found in the law.

    Show us all that you are not yet again simply making it up as you go along ala Indiana Jones in RAIDERS.
    __________________________________________________ _
    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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