There should be no inheritance tax of any amount of money or assets.
The first 5 million dollars should be exempt. After that the tax rate should be 35%.
The first 5 million dollars should be exempt. After that the tax rate should be 50%.
The first 1 million should be exempt. After that the rate should be 50%.
No exempt amount. Tax at 35% from the get-go.
No exempt amount. Tax at 50% from the get-go.
Abolish all inheritance. In other words, tax 100%.
Let's eliminate income tax completely and just tax capital gains! That's equitable - at least, it's as equitable as having a "use tax" or "Federal sales tax". And it doesn't change the current position of law, that capital gains should be taxed at a different rate than income. Problem solved!
Last edited by MoSurveyor; 02-11-12 at 10:04 PM.
Neither side in an argument can find the truth when both make an absolute claim on it.
I have a better idea. lets tax people for what they use in government services-that's almost as realistic and far fairer
then people like you will have a choice-if you want a government that provides everything you cannot do on your own you are going to be paying lots and lots of taxes. and for people like me who don't need a nanny state to wipe my butt and save for my retirement, I will have far more money to invest