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which best describes your view of the inheritance tax?

which best describes your view of the inheritance tax?

  • There should be no inheritance tax of any amount of money or assets.

    Votes: 64 50.8%

  • The first 5 million dollars should be exempt. After that the tax rate should be 35%.

    Votes: 20 15.9%

  • The first 5 million dollars should be exempt. After that the tax rate should be 50%.

    Votes: 10 7.9%

  • The first 1 million should be exempt. After that the rate should be 50%.

    Votes: 18 14.3%

  • No exempt amount. Tax at 35% from the get-go.

    Votes: 7 5.6%

  • No exempt amount. Tax at 50% from the get-go.

    Votes: 1 0.8%

  • Abolish all inheritance. In other words, tax 100%.

    Votes: 6 4.8%
  • Total voters
    126
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For those interested in the history of the Estate tax:

EstateTax1.png


https://docs.google.com/viewer?a=v&q=cache:vmh-xwgzdzUJ:www.irs.gov/pub/irs-soi/ninetyestate.pdf+Inheritance+tax+rate+lowest&hl=en&gl=us&pid=bl&srcid=ADGEEShONvNXJn3UVg5K6y1Y4dLFJLZnxeaGydEn8tp60c7Ebitk7augiXUrkWgXbZ9BGrRUeFFBoyyN6vub3-aQMTH05OuiainWbHDoWgzEIfHRxjIk2PvtIx97KNj3AGA5Ib-g3xhm&sig=AHIEtbQJAAnTsHKxTrRdoDLxZ0hC_AOX9Q
 
Cardinal Fang said:
The Constitution means nothing to right-wingers. Obligations to other people mean nothing to them. They want all the goodies and none of the costs. They are a gaggle of irresponsible spoiled brats.
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Care to tell me how that defends this tax?

Besides, I pay a great deal in taxes and as a private citizen I have the right to complain and even more so have the responsibly to complain when I pay far more than my share to cover your wishes.

Furthermore, I disagree with "gift taxes and income taxes" so I will complain about them freely. If you can shut me up by warranting what you support, do so or otherwise stop responding to me.
 
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TurtleDude said:
three or four of the wealth haters have agreed. But the IRS uses the term as well as tons of writers, commentators and ordinary people
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They are not wealth haters. They love wealth, particularly the wealth of others. ;)
 
TurtleDude said:
I realize you are just a newbie on this board but this very topic was exhausted a while before you came and several posters linked to IRS sites that proved that the IRS uses the term "state death taxes" in its Rule 627 (IIRC) letters

Indeed the one I received from the IRS on my mother's estate was where I mentioned that. The wealth haters claimed I was lying but other posters proved It was true. You can go look for it-I have not the time to educate newbies when it is a settled issue
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And this 'letter' was never submitted as evidence or proof of anything. The only thing I ever remember some other posters vouching for was you were an attorney - not you personal family finances let alone a letter about your mother. If I am wrong, please present it to show this is "a settled issue". For it is far from that.

And one cannot help but notice that even in this supposed letter you refer to a statement about "state death taxes". We have been talking about the federal estate and inheritance taxes. As an attorney, you are well aware of the distinction and difference.
 
haymarket said:
And this 'letter' was never submitted as evidence or proof of anything. The only thing I ever remember some other posters vouching for was you were an attorney - not you personal family finances let alone a letter about your mother. If I am wrong, please present it to show this is "a settled issue". For it is far from that.

And one cannot help but notice that even in this supposed letter you refer to a statement about "state death taxes". We have been talking about the federal estate and inheritance taxes. As an attorney, you are well aware of the distinction and difference.
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You were thrashed on that issue and you ran away from it for a while. Now you are hoping people forget the evidence and citation to IRS circulars I and others posted
 
TurtleDude said:
You were thrashed on that issue and you ran away from it for a while. Now you are hoping people forget the evidence and citation to IRS circulars I and others posted
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All you have to do is either
1- produce this supposed letter, or
2- link to past discussion where you claimed this happened

IRS circulars!?!?!?!?!? How can something a clerk writes change the reality of a tax on transfers of estates? We went through this many many many times in many many many different threads. The name somebody places on something is irrelevant in describing the true nature or function of what it is. A Boston Cream Pie is a cake. No matter how many expert bakers or chefs or pastry shops owners tell you it is a Boston Cream Pie - it is still a cake.

So lets see this letter of proof.

Or is this another Indiana Jones moment?
 
TurtleDude said:
You were thrashed on that issue and you ran away from it for a while. Now you are hoping people forget the evidence and citation to IRS circulars I and others posted
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Actually, I went to the IRS website, used search on a lot of forms and instruction manuals, and found "state death tax" referenced many times. What I did not find was the IRS using "death tax" in reference to the Federal "estate tax". So, unless you can prove otherwise your use of "death tax" instead of "estate tax" is just turning your posts into GOP commercials and, as such, should be taken with a grain of salt like any other political commercial.
 
Centinel said:
They are not wealth haters. They love wealth, particularly the wealth of others. ;)
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I have more emotion for a predator than I do for wealth. Like any other force of nature, predators can't be "blamed" for what they are, but their destructive impact still needs to be reduced as needed for the sake of the people in the community. Wealth, on the other hand, is man made, created by the community itself. I have no compunction about reducing the destructive impact of wealth. Just like predators, wealth's presence in the community needs to be reduced as needed.

Flood walls and levees provide another example of community protection. We need rain but too much can be destructive.
 
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TurtleDude said:
"YOur existence does not positively impact mine"

Turtle-sufferer of fools
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Catawba speaks the truth....
I propose that all inheritance taxes be scrapped as part of tax reform/simplification
To re-balance things, increase the capitol gains...our turtle will love this !
 
TurtleDude said:
well given I was the executor of my parents (both of them) estates and there was the death tax involved, I certainly know more than you will ever know on this
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One event makes you an expert ?
Rather childish, I'd think.
"Death Tax" is a colloquial term, used by the less educated and those who are less formal..How does it matter what it is called ???
 
earthworm said:
One event makes you an expert ?
Rather childish, I'd think.
"Death Tax" is a colloquial term, used by the less educated and those who are less formal..How does it matter what it is called ???
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a) Police slaughter innocent civilians pursuing suspect.
b) Car accident caused by high-speed police chase kills couple.

What does it matter?
 
MoSurveyor said:
I have more emotion for a predator than I do for wealth. Like any other force of nature, predators can't be "blamed" for what they are, but their destructive impact still needs to be reduced as needed for the sake of the people in the community.
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Are you referring to 4-legged predators or 2-legged predators? Either way, I think we agree, as I oppose predators as well, and believe that people must defend themselves against predators of both the 2-legged and 4-legged variety.

Wealth, on the other hand, is man made, created by the community itself. I have no compunction about reducing the destructive impact of wealth. Just like predators, wealth's presence in the community needs to be reduced as needed.
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Destructive impact of wealth? I don't follow.
 
Centinel said:
Are you referring to 4-legged predators or 2-legged predators? Either way, I think we agree, as I oppose predators as well, and believe that people must defend themselves against predators of both the 2-legged and 4-legged variety.


Destructive impact of wealth? I don't follow.
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The economy as it is and you don't follow? Can't think of anything that's been more destructive recently.


What about corporations airing political ads and PACs with contributions in the millions? I can understand a group of people getting together with their vote for a candidate but spending millions for public ads (whether on their own or through the candidate's campaign fund) is a different animal.
 
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MoSurveyor said:
The economy as it is and you don't follow? Can't think of anything that's been more destructive recently.
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Are you suggesting that our current economic woes are caused by the production of wealth? I would heartily disagree. I would point more to massive financial fraud, incompetent legislation, and monetary inflation. There are lots of reasons, but I don't see how the production of wealth is to blame. There are so many starving people in the world who need wealth. Wealth can save lives.

What about corporations airing political ads and PACs with contributions in the millions?
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I'm not particularly opposed to political speech. IMO, the best way to combat speech with which I disagree is with speech of my own, not shutting down the speech of those with whom I disagree.

I can understand a group of people getting together with their vote for a candidate but spending millions for public ads (whether on their own or through the candidate's campaign fund) is a different animal.
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As far as I'm concerned, people can write/broadcast what they wish. I'm not going to support stopping anyone from saying anything they want.
 
Centinel said:
Are you suggesting that our current economic woes are caused by the production of wealth? I would heartily disagree. I would point more to massive financial fraud, incompetent legislation, and monetary inflation. There are lots of reasons, but I don't see how the production of wealth is to blame.
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You honestly think a system is doing good when a handful of Wall Street thieves can put tens of millions of people out of work and all but bring down the economy? Ever hear the term "Too big to fail"? Sorry, that's just dangerous any way you slice it.

Too big to fail - Wikipedia, the free encyclopedia


You seem to believe I want to dispose of all wealth and that's not true at all. You're using the common view of a predator instead of the biological view. Predators are required for a healthy system but with civilization comes the responsibility to keep the predators in check.
 
MoSurveyor said:
You honestly think a system is doing good when a handful of Wall Street thieves can put tens of millions of people out of work and all but bring down the economy? Ever hear the term "Too big to fail"? Sorry, that's just dangerous any way you slice it.
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I hope you are not under the misapprehension that I think the system is doing well. I think the system is massively f*cked up, thanks to unprosecuted financial fraud, ineffective and misguided legislation, monetary irresponsibility, crony capitalism, and other causes too numerous to name.

You seem to believe I want to dispose of all wealth and that's not true at all. You're using the common view of a predator instead of the biological view. Predators are required for a healthy system but with civilization comes the responsibility to keep the predators in check.
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I agree, individuals in a civilized society can and must defend themselves against predators. That's what separates a civilized society from a barbaric society.
 
A challenge for the advocates of the term DEATH TAX and the claim that it is a proper use of the term:

Please show us where the actual act of death was 'a taxable event' independent of any transfer of money or wealth from the dead person to the living.

If you can do that, you can start to build a case.
 
haymarket said:
A challenge for the advocates of the term DEATH TAX and the claim that it is a proper use of the term:

Please show us where the actual act of death was 'a taxable event' independent of any transfer of money or wealth from the dead person to the living.

If you can do that, you can start to build a case.
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You could tell me when the transfer was independent of someone dieing. Until you do that I see no reason to change how I call it.
 
MoSurveyor said:
If it was from the Bush 201 times then you may well be correct. The question is, does it still hold?


Ed:
Also, if the IRS is simply quoting a State tax code title that does NOT mean the IRS recognizes it as such.
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what it means is the idiotic claims that only extremist right wingers use the term "death tax" is a complete, total, and utter lie
 
haymarket said:
Yes , mentioned it - never did more.

And reality says otherwise no matter how dear you cling to the silly neologism of the political extremists.

The really sad thing - to the point of being downright pathetic - is the insistence on the completely dishonest "death tax" label prevents any honest discussion of the merits of the inheritance tax. I wonder if that light bulb of realization ever goes off over the heads of those who use it?
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I think those of us whose families constantly are affected by this disgusting tax have far better standing to call it what we want then those whose only involvement is to demand OTHERS pay MORE of it
 
Henrin said:
You could tell me when the transfer was independent of someone dieing. Until you do that I see no reason to change how I call it.
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Isn't it amazing how bent out of shape the tax the rich more crowd gets over calling their wealth stealing scheme a death tax.
 
earthworm said:
One event makes you an expert ?
Rather childish, I'd think.
"Death Tax" is a colloquial term, used by the less educated and those who are less formal..How does it matter what it is called ???
Click to expand...


I would be happy to compare my educational achievements with yours so we can test your theory.
 
earthworm said:
One event makes you an expert ?
Rather childish, I'd think.
"Death Tax" is a colloquial term, used by the less educated and those who are less formal..How does it matter what it is called ???
Click to expand...

certainly makes me more expert than those whose only connection is that they love a tax that soaks the rich more
 
MoSurveyor said:
You honestly think a system is doing good when a handful of Wall Street thieves can put tens of millions of people out of work and all but bring down the economy? Ever hear the term "Too big to fail"? Sorry, that's just dangerous any way you slice it.

Too big to fail - Wikipedia, the free encyclopedia


You seem to believe I want to dispose of all wealth and that's not true at all. You're using the common view of a predator instead of the biological view. Predators are required for a healthy system but with civilization comes the responsibility to keep the predators in check.
Click to expand...

whining about the system because of a handful of wall street "bandits" as you call them is as idiotic as damning all American Muslims are terrorists because there have been a few Jihadists convicted of plotting to blow up airplanes or buildings
 
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