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Should Jim DeMints proposed amendment, removing the estate tax have failed?

Should Jim DeMints proposed amendment removing the estate tax have failed?

  • Yes

    Votes: 10 41.7%
  • No

    Votes: 14 58.3%

  • Total voters
    24
Okay, why should untaxed gains in estates be free from taxation but all other gains be taxed?

Fundmentally, what is different from a stock in an estate with $10 in untaxed gain from a stock in a regular portfolio with an untaxed $10 gain? Why should the untaxed gain on the estate tax escape taxation but the non-estate stock gain get taxed?

Turtledude refused to answer this. Maybe you can take a try on it?

Both you and him seem to think that estates are only made up of post tax items. This suggests large amounts of ignorance regarding the estate tax.

Still the bottom line is double taxation, if you paid taxes on the items you own regardless of it's value then or in the future no taxes are due. Like the government your complicating things that need not be complicated, so I ask where in the constitution does it say that citizens have the right to be double taxed. That said estate tax doesn't make a big difference in the federal or even state budget, therefor it appears to me that estate taxto is a penalizing tax for success or ability to save.
 
Still the bottom line is double taxation

How?

if you paid taxes on the items you own regardless of it's value then or in the future no taxes are due.

Say what? how is that double taxation? Buying an asset which then appreciates with no taxation and then being taxed on the gain is NOT double taxation.

Double taxation would be corporations taxed on income, distributing that to shareholders in dividends which are then taxed. That same income is double taxed. What you described is not double taxation.

It appears both you and turtle really have no idea what either of you are talking about.

Like the government your complicating things that need not be complicated, so I ask where in the constitution does it say that citizens have the right to be double taxed. That said estate tax doesn't make a big difference in the federal or even state budget, therefor it appears to me that estate taxto is a penalizing tax for success or ability to save.

And you fail to answer the question as well. So here it is again:

Fundmentally, what is different from a stock in an estate with $10 in untaxed gain from a stock in a regular portfolio with an untaxed $10 gain? Why should the untaxed gain on the estate tax escape taxation but the non-estate stock gain get taxed?

What makes you think you can talk about the estate tax when you don't understand it?
 
Well, thanks for proving my various points.

You don't understand the estate tax.
You don't understand the basis of assets in the estate tax.
You can't read properly.

And yes, assets in an estate receive a stepped up basis to FMV. You are wrong on this. 100%.

Seems to be that you don't understand morality, and since turtledude is making a moral argument your arrogance is preventing you from making the effort to understand the immorality of confiscatory taxation.

It's immoral to steal the coins from the dead man's eyes.

Period.

Hence your arguments about how turtledude doesn't understand the precise mechanisms of the process of theft are irrelevant. He's not discussing how one method of theft would be better than some other.

He's arguing it's wrong to steal.
 
Still the bottom line is double taxation, if you paid taxes on the items you own regardless of it's value then or in the future no taxes are due. Like the government your complicating things that need not be complicated, so I ask where in the constitution does it say that citizens have the right to be double taxed. That said estate tax doesn't make a big difference in the federal or even state budget, therefor it appears to me that estate taxto is a penalizing tax for success or ability to save.

the estate tax was dreamed up back in the days when there was almost no-if any-progressive income tax. THe thought was the rich paid almost nothing in taxes and would accumulate too much wealth. Of course this nonsense never would have passed if it were proposed in the days when the top marginal rates were in the confiscatory range.

that it only targets a few (though many more estates have to spend alot of money and time trying to avoid it) estates is because its a ploy by the dems to buy the votes of those who are envious of the rich. If the feds really needed more money why don't they tax more estates? because they would get their asses thrown out of DC.
 
Because...

Okay, so if the stock price jumps because of a government bailout, then those gains shouldn't be taxed?

if the government causes the value of your stocks to decrease should the government give you a refund?

I don't think I ever have seen Scarecrow supporting government subsidies of poorly run businesses
 
And his definition of stealing is insane. Hence why I reject the premise.

The notion that you people hold, taxation = theft is beyond reasonable understanding.

taxation is immoral when the many are seduced to support tax schemes that affect a minority.

reasonable understanding is a funny term. I think it is unreasonable to tax success punitively
 
How?

Simple you paid taxes on the date of either earning it or buying it, now being taxed on it again either through a estate or inheritances is a double taxation. Now if one wishes to sell it to whomever then taxes would apply.
 
And his definition of stealing is insane. Hence why I reject the premise.

The notion that you people hold, taxation = theft is beyond reasonable understanding.
We are not failing to answer the question, it's that I believe the estate tax is unconstitutional, unless some where in the constitution this is stated. The constitution does make it clear that taxes can be levied but, estate tax is so insignificant in the operation of our government that this tax can not be justified. This tax plain and simple is a penalizing tax for those who have saved and or achieved success and to penalize one group opposed to another is unequal protection under the law...IMO
 
And the government wasn’t there when they earned it??!? What the **** do you call the roads that let them and their customers drive to work,

The deceased share of the burden of paying for the commons was paid by his taxes when he was alive.

the government subsidies that prevent violent price fluctuations,

The government shouldn't be playing moderator with the economy. How the hell do you think the government managed to crash the economy in 2008?

That worked well, didn't it?

the foreign policies that keep trade routes open

How much money would that actually require if the government was kept inside Constitutional limits? Clearly the government was maintaining foreign policy before it started stealing dead men's suits.

The government is only strapped for cash because the government is buying things it's not supposed to be buying.

and maintain conditions that favor the US,

No, this government has not been woring for conditions that favor the US for a long long time, now. Bush, Clinton, Bush, and the Messiah have all been promoting globalist policies that put the United States very low on the list of priorities. Why should anyone be robbed for that?

the public education that lets their customers read their ads,

You mean the failed public education system the gives illiterates diplomas, or the failed system that stresses baseless pride instead of measured accomplishments?

How is the public benefitted by the hordes of selfish ignorant children who want but won't learn the skills to produce?

BTW, and guess what? Federal funding for public education is unconstitutional. Thomas Jefferson proved this.

the police that keep people from breaking into their business,

Out of all of the above, you finally managed to list one thing that the government is actually supposed to do, enforce laws that protect people.

You think it's necessary to fund the police with money stolen from the dead, when the function of the police is to protect the living?

Shouldn't the unnecessary and unconstitutional services of this government be amputated so that a reasonable tax rate on the living can finance the proper functionsn of their government?

the tax breaks that ease the pains of starting a business,

Should not exist. If someone wants to start a business, they can do so without special treatment from the government. EQUAL protection under the law is just that, no special favors for special interests.

the financial regulation that prevents banks from ganking them

Whatever "ganking" might be...and I say this because I'm not sure what the possible misspellings might mean...you could explain, perhaps, but I don't think it's necessary...

...banking regulations should exist to prevent banks from stealing money or defrauding their clients. That's it. Banks worked just fine until the Federal Reserve came along and caused the Great Depression.

and the zoning regulations that prevents a coal factory from opening up next door?

Outside of the fact that coal is produced from mines, not made in factories, the fact of the matter is that your local zoning board doesn't steal money from dead people, they're really efficient at taking money from the living.

Generally speaking, coal mines happen where the coal is.

The government was there every step of the way and the people that are wealthier stand to loose more money than anybody else if the government stopped spending tax dollars on that ****.

The government was there, every step of the way, making sure that people trying to make a living have a harder time of it, and making sure the special interests aren't pestered by rude upstarts.

Its not the function of government to decide someone has "too much" money and take the "excess".

Its not the function of government to decide someone has "too little" money and steal from someone else to maintain a minimum allowance for anyone.

The function of the government is to enact laws preventing predation via fraud, theft, and violence.

That's it.

It not supposed to be a steam roller forcing everyone to fit on a level "playing" field.
 
Because...

Okay, so if the stock price jumps because of a government bailout, then those gains shouldn't be taxed?



The only time the words "bailout" and "government" should be used in the same sentence is this:

The government should never bailout failed businesses.

That answer your question?
 
How?



Say what? how is that double taxation? Buying an asset which then appreciates with no taxation and then being taxed on the gain is NOT double taxation.


The asset was purchased with taxed dollars.

Capital gains should never be taxed. You can look the word "never" up in a dictionary if it's meaning eludes you.

Thus taxing the property again, simply because it changes hands without an exchange of cash, is double taxation.

Double taxation would be corporations taxed on income, distributing that to shareholders in dividends which are then taxed. That same income is double taxed. What you described is not double taxation.

Yes, corporate taxation is a form of double taxation.

And thus it's wrong.
 
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And his definition of stealing is insane. Hence why I reject the premise.

The notion that you people hold, taxation = theft is beyond reasonable understanding.

No, when money is stolen to finance illegal programs, it's perfectly reasonable to recognize that action as theft.

When the government is stealing money just because it's owner died, they're no different than any other grave robber.
 
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