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. #881
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    tax lawyers, CPAs and insurance brokers/companies (for example Geico is owned by Buffett's BH) are the ones who lobby the most to keep the death tax
    Yep. I am still a licensed insurance agent about to surrender it for different pastures and I've seen it. We have one guy in town who is a fellow agent and specializes in estate preservation which is a fancy way of saying he isn't really that good at explaining products and uses loss minimization on estate taxes to make the bulk of his living. This guy surprise surprise is in favor of estate taxes, I never was but then again I know other concepts besides fear tactics and didn't need them to talk product with potential clients. CPAs would do well without the tax code but would have to seek employment in private companies which isn't as easy, the IRS and tax lawyers LOVE the way things are now as it is endless work for them.
    Last edited by LaMidRighter; 02-11-12 at 11:55 PM.
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  2. #882
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by MoSurveyor View Post
    There actually are some things we can agree on! You'd better sell your stock in Hell, the weather just took a drastic change.
    why-do you know more than the Columbia B school Summa cum laude who is the head of my investment team?

  3. #883
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    Yep. I am still a licensed insurance agent about to surrender it for different pastures and I've seen it. We have one guy vate in town who is a fellow agent and specializes in estate preservation which is a fancy way of saying he isn't really that good at explaining products and uses loss minimization on estate taxes to make the bulk of his living. This guy surprise surprise is in favor of estate taxes, I never was but then again I know other concepts besides fear tactics and didn't need them to talk product with potential clients. CPAs would do well without the tax code but would have to seek employment in firms which isn't as easy, the IRS and tax lawyers LOVE the way things are now as it is endless work for them.
    truth, some big charities have lobbied to keep the death tax thinking without it people might not give to them instead of the parasitic government. When I hear of a charity doing that, it gets cut from my list and dropped by the family foundation as a beneficiary

  4. #884
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    the only rich people who whine about increasing the estate tax are either the uber wealthy or those who gain more by having dems win.
    Again - the question which rises from your previous post which you failed to answer here preferring more pompous pontification........

    just who is it here who you accuse of failure?
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  5. #885
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    why-do you know more than the Columbia B school Summa cum laude who is the head of my investment team?
    Boy oh boy but somebody really sold you a bill of goods that you bought on these school names and titles didn't they?
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  6. #886
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    I have a better idea. lets tax people for what they use in government services-that's almost as realistic and far fairer
    Except that you yourself said such a system would not work.
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  7. #887
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    truth, some big charities have lobbied to keep the death tax thinking without it people might not give to them instead of the parasitic government. When I hear of a charity doing that, it gets cut from my list and dropped by the family foundation as a beneficiary
    I have severely limited my charitable giving since the Obama inauguration speech in '08. It had nothing to do with who got elected but the obvious attitude change in non-profits follow all the rhetoric from the head idiot. I remember there was a non-profit trying to give advice on how to deal with private employees in for profit firms and her complete lack of knowledge and "gimme" attitude was such a turnoff(nevermind she doesn't have to make money simply ask for more and doesn't pay tax like other businesses). And then I saw one after another charity getting uppity and just said "okay, what little I can afford goes away until people tighten up".
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  8. #888
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Again - the question which rises from your previous post which you failed to answer here preferring more pompous pontification........

    just who is it here who you accuse of failure?
    if the shoe fits------------

    there are lots of whiners about the rich who complain in a manner consistent with being failures.

  9. #889
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Except that you yourself said such a system would not work.

    I guess you missed the almost as realistic comment

  10. #890
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Boy oh boy but somebody really sold you a bill of goods that you bought on these school names and titles didn't they?
    so you are claiming I am not doing well. actually I have doubled my income in less than 5 years. even with the big Pelosi-Reid debacle a few years ago my income on investments went up over 150K that year

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