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. #921
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    you merely want the inherent unfairness of the rich not only paying more actual dollars but paying at much higher rates
    My position is consistent with taxation going back thousands of years in many different civilizations as well as the opinions of some of our Founders and tax efforts in our past.

    Under my proposals, YES the wealthy person with great income will pay more. And YES, the working class will pay more also. And YES, even the working poor will pay more also. Every earner will pay more.

    I have three grandkids and I very selfishly do not think they should work their entire lives to pay off the debts incurred by adults today. Yes, that also means cutting federal spending. But it also means working with both sides of the ledger - decrease spending and increase revenues.
    Last edited by haymarket; 02-12-12 at 12:35 PM.
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  2. #922
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    My position is consistent with taxation going back thousands of years in many different civilizations as well as the opinions of some of our Founders and tax efforts in our past.

    lets go back merely 150 years

    and I suspect a review of history finds far more support of use taxes than income taxes

  3. #923
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    lets go back merely 150 years

    and I suspect a review of history finds far more support of use taxes than income taxes
    Okay. Lets go back a century and a half.

    In 1862, in order to support the Civil War effort, Congress enacted the nation's first income tax law. It was a forerunner of our modern income tax in that it was based on the principles of graduated, or progressive, taxation and of withholding income at the source. During the Civil War, a person earning from $600 to $10,000 per year paid tax at the rate of 3%. Those with incomes of more than $10,000 paid taxes at a higher rate. Additional sales and excise taxes were added, and an “inheritance” tax also made its debut. In 1866, internal revenue collections reached their highest point in the nation's 90-year history—more than $310 million, an amount not reached again until 1911.

    Read more: History of the Income Tax in the United States — Infoplease.com History of the Income Tax in the United States — Infoplease.com
    There it is Turtle. Very consistent with the income tax of today.
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  4. #924
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Okay. Lets go back a century and a half.



    There it is Turtle. Very consistent with the income tax of today.
    a temporary tax to pay for a war-not a permanent malignancy to support dems winning elections

  5. #925
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    a temporary tax to pay for a war-not a permanent malignancy to support dems winning elections
    That is your opinion which you have NEVER been able to substantiate with any verifiable evidence.

    As Shakespeare said in his play ACCOUNTANTS, LIARS and OTHER ROGUES - "a tax is a tax is a tax".

    It is interesting to not that for all your carping and complaining about the nature of the income tax today, your insistence that we go back 150 years gives us a income tax which exempts lower income workers, provides for taxation of higher income workers at a graduated level and hits the rich earner far harder than anyone else.

    And 150 years ago was the date YOU selected.

    As to a temporary war....... as a nation grows, its standing in the world changes, its agenda changes, its priorities change and its needs and demands change. We no longer wear those stupid tri-cornered hats of the Revolutionary period and few Americans today could cope with life in 1860 America. Ch...ch... cha .... changes. Get used to it.

    The point is simply that the income tax you so hate today was structured similarly in the time you chose - 150 years ago.
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  6. #926
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    That is your opinion which you have NEVER been able to substantiate with any verifiable evidence.

    As Shakespeare said in his play ACCOUNTANTS, LIARS and OTHER ROGUES - "a tax is a tax is a tax".

    It is interesting to not that for all your carping and complaining about the nature of the income tax today, your insistence that we go back 150 years gives us a income tax which exempts lower income workers, provides for taxation of higher income workers at a graduated level and hits the rich earner far harder than anyone else.

    And 150 years ago was the date YOU selected.

    As to a temporary war....... as a nation grows, its standing in the world changes, its agenda changes, its priorities change and its needs and demands change. We no longer wear those stupid tri-cornered hats of the Revolutionary period and few Americans today could cope with life in 1860 America. Ch...ch... cha .... changes. Get used to it.

    The point is simply that the income tax you so hate today was structured similarly in the time you chose - 150 years ago.

    and as usual you miss the main point-it was a temporary measure to pay for what was an extremely costly war. it was never intended to be permanent.

  7. #927
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    and as usual you miss the main point-it was a temporary measure to pay for what was an extremely costly war. it was never intended to be permanent.
    That is irrelevant and something you introduced to cover your own behinds exposure when you made the fatal mistake of challenging me to look at 150 years ago. We did. And we found that there was an income tax and it was structured with many of the features you find so loathsome today.

    When the federal government needed money to pay for obligations above and beyond what they had been used to, they went to the same system we had today. And then fifty years after then we repeat it again and have kept at it for the last century. The concept of income tax on those who have the most income while exempting those with the least income is hardly temporary Turtle.

    If we did as you suggested, and begin 150 years ago and draw a line through today, over two thirds of that line would be shaded with the income tax system your hate and loathe.

    I suppose we should thank you for that start date of 150 years ago.
    Last edited by haymarket; 02-12-12 at 12:55 PM.
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  8. #928
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    That is irrelevant and something you introduced to cover your own behinds exposure when you made the fatal mistake of challenging me to look at 150 years ago. We did. And we found that there was an income tax and it was structured with many of the features you find so loathsome today.

    When the federal government needed money to pay for obligations above and beyond what they had been used to, they went to the same system we had today. And then fifty years after then we repeat it again and have kept at it for the last century. The concept of income tax on those who have the most income while exempting those with the least income is hardly temporary Turtle.

    If we did as you suggested, and begin 150 years ago and draw a line through today, over two thirds of that line would be shaded with the income tax system your hate and loathe.

    I suppose we should thank you for that start date of 150 years ago.
    You fell for the trap. It was temporary and your continued support for the government taking more income from people is all that remains consistent

    politicians quickly realized how much extra constitutional power they were able to derive from being able to play tax payers against tax consumers and are never going to give up that power

    and in the long run its going to destroy this country because too many people want too much government and because they have never received proper feedback about the cost of government

  9. #929
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by LaMidRighter View Post
    Why do you not understand that a constitutional amendment cannot violate another without repeal. All you do is get into diversion games without actually backing anything up, high school civics classes have more points than you have landed here. Again, why is it not discrimination to tax a persons work?
    Try to get the basics straight. People are not taxed under the Sixteenth Amendment. Income is. From whatever source derived. Obviously, inheritance is one of those sources.

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

    Quote Originally Posted by LaMidRighter View Post
    This may be the stupidest point I've ever seen. "Rich people aren't being taxed more, only higher earners" Do you even realize how ****ing stupid that sounds in playback?
    No, it may be a little clumsy, but it is in fact an accurate representation of the fact I just pointed out above. People are not taxed. Income is. In order to press any sort of Constitutional challenge you have to show standing, and that includes a showing that you have personally incurred some sort of qualified injury that some judicially imposed remedy would exist for. Paying taxes according to the same set of rules and regulations as everyone else does isn't going to cut the msutard.
    Last edited by Cardinal Fang; 02-12-12 at 01:43 PM.

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