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. #631
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    Long term capital gains, did you conveniently forget about the rest?
    Nope. go back and read 629.
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  2. #632
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    So tell us all straight and clear then: what is your question about spouses and the estate tax that you so badly beg my opinion on?
    are you in favor of taxing the inheritance if it goes to the wife (spouse)?

  3. #633
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    talk about completely changing the facts to suit your agenda

    of course you don't see it-you have been blinded by your agenda and you didn't even really read what i wrote
    The only "facts" I changed were a couple of simple words. "Profit" was changed to "income". Is profit not the same as income?

    "Dividends" was changed to "interest". Dividends are a return on an investment. Interest is usually used to describe a return on a specific investment, a loan. Other than trying to garble the facts with econ-speak I'm not sure there really is a difference between dividends and interest.

  4. #634
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Thrilla View Post
    are you in favor of taxing the inheritance if it goes to the wife (spouse)?
    She already co owns the property. There is no new money to tax on a new owner.
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  5. #635
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    The only "facts" I changed were a couple of simple words. "Profit" was changed to "income". Is profit not the same as income?

    "Dividends" was changed to "interest". Dividends are a return on an investment. Interest is usually used to describe a return on a specific investment, a loan. Other than trying to garble the facts with econ-speak I'm not sure there really is a difference between dividends and interest.
    In other words you have nothing relevant to say about my post

  6. #636
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    Re: which best describes your view of the inheritance tax?

    A good night to all. I will be happy to resume discussion in the morning.
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  7. #637
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    A good night to all. I will be happy to resume discussion in the morning.
    you too Haymarket

  8. #638
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    She already co owns the property. There is no new money to tax on a new owner.

    wierd.. that's exactly what i said... you repeatedly called it a "false belief".. and delusional...etc... imagine that.

    but it's nice to see that there are exception to your argument of new ownership of money when it changes hands from person to person is always taxed..

    soo.. why do you support the wife not getting taxed, but feel it's more than fine to tax the children?... no love for the nuclear family or something?.. don't like kids?... what's the deal?


    ya see, i'm fine with taxing an inheritance.... as long as it goes to someone or something that is not immediate family.
    wife and kids get off tax free.... leave money to some feel good charitable foundation, and uncle sam gets a cut.

    end result is that my kids won't pay a red cent on their inheritance... i'll make sure of it, despite the many liberals who covet that money.

  9. #639
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    In other words you have nothing relevant to say about my post
    The 20+ line post with double spacing? I thought I did address that. But, let's go back to the idea in post #575, since you didn't respond to that.


    Let's say I get a car loan at the local credit union for $20k @ 10% (just to make calculations easier). I earn my pittance of $50k for the year, which gets taxed at (say) 12%.

    Very simple interest on that $20k is $2k, which I pay to the CU.

    35% of that $2k is paid by the CU to Uncle Sam as taxes on profit.

    So, according to your argument, the $2k in interest I paid to the credit union is being taxed at 47%.
    (from the perspective of the credit union)
    Last edited by MoSurveyor; 02-03-12 at 12:46 AM.

  10. #640
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    That factual reality is good enough for 311 million Americans who know the difference between a birthday present and an inheritance of $800,000.00.
    So what exactly is the difference between a birthday present and an inheritance? They both end up with the recipient having money come into his pocket. Are you suggesting we discriminate between them somehow by treating one form of income differently from another?

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