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. #941
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    what makes sense is a tax system that prevents the masses' votes being bought by a system that allows politicians to promise them more government paid for by tax hikes on others
    still waiting on that proof of votes being bought ......

  2. #942
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    and I suspect a review of history finds far more support of use taxes than income taxes
    Income taxes were first enacted during the War of 1812. But the war ended before they went into effect, so they were rescinded. Income taxes were both passed and implemented during the Civil War. They were repealed after the conflict was over. They were again passed in the 1890's but the Supreme Court inexplicably ruled against portions of the act, triggering the ensuing stampede to the Sixteenth Amendment.

  3. #943
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    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
    Don't give me your lame attempt at trying to extract your behind from getting caught in your own wringer. Its worse than lame... its a betrayal of both yours and mine intelligence.

    This BS about temporary is worth even less than normal manure - at least that helps the garden - this is just a really terrible attempt to save face after YOUR own challenge blew up in your own face Turtle.

    Man up for heavens sake. Man up and admit you screwed up.

    It is YOU who object to an income tax.
    It was YOU who said look 150 years ago and what did we find - an income tax.
    It is YOU who objects to lower earners not paying income tax.
    It was YOU who said look 150 years ago and what did we find - an income tax where lower earners did not pay just like today that you constantly rail against.
    It is YOU who objects to the rich paying more and a higher rate.
    It was YOU who said look 150 years ago and what did we find - an income tax where the rate on the wealthy earners was higher and graduated.

    And now - when your own challenge blew up in your face and got you all smeared and blackened with the very positions that you hate, loathe and demonize you dare to have the gall to try to pretend that this was some sort of ruse on your part?!?!?!?!? Amazing. Totally - completely - balls to the walls amazing.

    here is your post 922

    lets go back merely 150 years

    and I suspect a review of history finds far more support of use taxes than income taxes
    You clearly stated we would find more use taxes and what do we find popping up exactly on the 150 year dateline - THE HATED INCOME TAX that said would not be there. Amazing. If there was no support for income taxes 150 years ago, do you care to take the time how it was passed without any support?

    You know Turtle - you are a smart guy. You are an educated guy. But sometimes you just have to admit you were wrong. I do it and its no great sin or shame.

    Man up for heavens sake. Man up.
    Last edited by haymarket; 02-12-12 at 03:56 PM.
    __________________________________________________ _
    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

  4. #944
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    what makes sense is a tax system that prevents the masses' votes being bought by a system that allows politicians to promise them more government paid for by tax hikes on others
    translation - get rid of our representative democracy where every citizen has the right to vote in elections. We are well aware you support such things when the subject came up in the past and there is no other conclusion other than this one.
    __________________________________________________ _
    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

  5. #945
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by randel View Post
    still waiting on that proof of votes being bought ......
    Its been over a year now has it now randel?

    We need a birthday cake. Chocolate or yellow batter?
    __________________________________________________ _
    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. #946
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Its been over a year now has it now randel?

    We need a birthday cake. Chocolate or yellow batter?
    hmmmmm...yellow batter

  7. #947
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by Cardinal Fang View Post
    Income taxes were first enacted during the War of 1812. But the war ended before they went into effect, so they were rescinded. Income taxes were both passed and implemented during the Civil War. They were repealed after the conflict was over. They were again passed in the 1890's but the Supreme Court inexplicably ruled against portions of the act, triggering the ensuing stampede to the Sixteenth Amendment.
    Which clearly demonstrates that the income tax and taxing the wealthy while lower rates on average people is as American as apple pie and dates back a full two centuries.
    __________________________________________________ _
    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. #948
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by randel View Post
    hmmmmm...yellow batter
    Okay - yellow batter it is. Can we have chocolate frosting on it? I love chocolate frosting on yellow batter.
    __________________________________________________ _
    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

  9. #949
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by haymarket View Post
    Okay - yellow batter it is. Can we have chocolate frosting on it? I love chocolate frosting on yellow batter.
    hell, why not? lol

  10. #950
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    Re: which best describes your view of the inheritance tax?

    Quote Originally Posted by TurtleDude View Post
    massive fail. the estate is taxed as an estate not income
    You are not your estate. You and your estate do not exist as contemporaries. An estate is an entirely separate legal entity that enters into existence upon your death. It is comprised of assets. Those may include income-earning assets, and if so, the estate (not you) will be liable for any income tax applicable to its earnings under law. Taxes are meanwhile not levied against an estate but against the uses and distributions of the assets contained within it. Using them to build a new surgical unit at your typical local hospital or to endow a new chair at the typical local university will not incur tax. Dumping some mega-windfall profit onto darling Biff and Muffy will incur tax. Consult with a knowledgeable tax advisor or estate attorney in the unlikely event that this would appear to be a problem for you.

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