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Obama to call for middle class tax cut extension

wbcoleman said:
Please explain why that's anything other than a semantic difference. What's consequential in your distinction?
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the parasite support team realizes that the abomination known as the death tax will be less popular if we call it for what it is.


EVERY ARGUMENT the parasite support team uses to justify the death tax is equally applicable to almost every "Estate" that exists upon the death of the owner. But the PST doesn't want to apply their logic to other people lest they destroy the politicians who would apply the tax to the many-
 
TurtleDude said:
the parasite support team realizes that the abomination known as the death tax will be less popular if we call it for what it is.


EVERY ARGUMENT the parasite support team uses to justify the death tax is equally applicable to almost every "Estate" that exists upon the death of the owner. But the PST doesn't want to apply their logic to other people lest they destroy the politicians who would apply the tax to the many-
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just kills you guys that i'm right....
 
johnny_rebson said:
Obama needs to inform blue collar union workers that they are overpaid.

If blue collar workers would accept more reasonable pay rates, we could put them to work instead of sending those jobs to China.
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Interesting.... as union membership has fallen, so have middle class wages.

Sorry, but the German economy works quite well. They have manufacturing, unions and national healthcare. We have this small minded, wrong thinking mentality that we can not afford to do manufacturing domestically or pay fair wages. Meanwhile, the rich get richer.

http://articles.latimes.com/2012/jan/22/business/la-fi-germany-middle-class-20120122

3 Things to Learn From the German Economy, and 3 Things Not To - Derek Thompson - The Atlantic
 

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randel said:
You personally paid nothing from your own pocket unless you received assets...
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I paid the tax from the assets of the estate before any distributions were made. What's your point? It's a Death Tax.
 
randel said:
just kills you guys that i'm right....
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if you are right when the term Death tax is googled we would find nothing.

go ahead and google it and see what you get

what really sent one member of the PST into a frenzy was when we proved the IRS refers to state "estate taxes" as STATE DEATH TAXES
 
wbcoleman said:
I paid the tax from the assets of the estate before any distributions were made. What's your point? It's a Death Tax.
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the actual death was not taxed....what part of this do you not understand?
 
TurtleDude said:
if you are right when the term Death tax is googled we would find nothing.

go ahead and google it and see what you get

what really sent one member of the PST into a frenzy was when we proved the IRS refers to state "estate taxes" as STATE DEATH TAXES
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yes turtle, i am right, you may move along now, and avoid further embarrassment.
 
randel said:
the actual death was not taxed....what part of this do you not understand?
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The tax was triggered by the death. No death.... no Form 706. No Form 706, no tax. This isn't rocket science.
 
wbcoleman said:
There is no more "absurd label" than "Affordable Care Act". But no one is fooled.
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I'm not talking about names given to actual bills. Both sides have been putzing with those for years to throw people off balance.

I'm talking about those creative nicknames the Repos use.
 
TurtleDude said:
I guess you don't know what the term estate means

ESTATE-is the net worth of a person AT ANY POINT IN TIME. It is the sum of a person's assets-legal rights, interests and entitlements to property of any kind --less all liabilities at that time.

Wiki definition-its also the correct legal definition.

I guess all the people you know are debtors.
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Yep, I do know what it means in the dictionary --- but I also know what you mean when you use it and I seriously doubt you're talking about a 10 year old pick up truck, a handful of used clothes, and a bed with a broken spine. In many cases that's all that people leave to the "heirs" (another LOL word for the poor!). Sometimes there isn't even that much as it was all sold off for the nursing home.


Of course, I wouldn't expect you to consider those situations. I'm sure they are far beneath your notice.
 
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MoSurveyor said:
I'm not talking about names given to actual bills. Both sides have been putzing with those for years to throw people off balance.

I'm talking about those creative nicknames the Repos use.
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We're good at it, you've got to admit! :lamo
 
Hare said:
Ah, so tax cuts for the business owner themselves stimulate spur economic activity and job creation, but the principle doesn't apply for the vast majority of said business owners consumer base. Interesting world view you have.
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Obviously, the principle applies to both. However, it applies more to the actual job creaters than it does to the consumers.

Businesses are consumers, too. Ya know?
 
upsideguy said:
Nor do high income workers. Jobs are not created by employees, they are created by entrepreneurs, who come from all classes.
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Right and if the tax burdens and regulations are too high, it makes it harder for entrepreneurs to do what they do best; especially rookie entrepreneurs who aren't as liquid.
 
wbcoleman said:
I paid the tax from the assets of the estate before any distributions were made. What's your point? It's a Death Tax.
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You paid taxes before you gave the rest to charity?????
You should really contact the IRS and get that money back ...
 
randel said:
yes turtle, i am right, you may move along now, and avoid further embarrassment.
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right about what-that the PST hates calling the their beloved bit of parasitic wealth confiscation for what it is

declaring yourself right is amusing
 
apdst said:
Obviously, the principle applies to both. However, it applies more to the actual job creaters than it does to the consumers.

Businesses are consumers, too. Ya know?
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Where's all the demand from those businesses now? Explain one more time how the business community is going to make money buying and selling things to each other but not consumers. You may as well have the neighbors bring in each others wash to create jobs ...
 
MoSurveyor said:
You paid taxes before you gave the rest to charity?????
You should really contact the IRS and get that money back ...
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There is no charity deduction unless the bequests are written into the trust or the will. The beneficiaries cannot avoid the tax by choosing to donate their bequests, although they can take a deduction against their own taxable income.
 
apdst said:
Right and if the tax burdens and regulations are too high, it makes it harder for entrepreneurs to do what they do best; especially rookie entrepreneurs who aren't as liquid.
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Not all people are cut out for running a business or starting from scratch. Even DeLorean couldn't make it work because he bit off more than he could chew.
 
wbcoleman said:
There is no charity deduction unless the bequests are written into the trust or the will. The beneficiaries cannot avoid the tax by choosing to donate their bequests, although they can take a deduction against their own taxable income.
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I'll have to confirm that before I believe it. I didn't realize anyone was required to accept a gift or an inheritance.
 
MoSurveyor said:
I'll have to confirm that before I believe it. I didn't realize anyone was required to accept a gift or an inheritance.
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You're not required to accept the bequest. You're confused, the beneficiary doesn't pay the Death Tax. The estate pays the Death Tax.
 
Ahhh but the will can direct the estate to a charity and the deceased isn't taxed so there is no death tax to use the right wing ranters terms. No one with over 3.5 million to pass on is doing so without the guidance of an estate planner so much of the whine over taxes is moot.

Starter businesses, either funded by Daddy's money or on borrowed money are notorious for being under capitalized, the taxes have nothing to do with this, it comes from wishful thinking rather than rock solid planning. FYI the children have had 20 to 30 years for Daddy's money to help their career, the successful children should have already made their way in the world, those who can't until Daddy dies probably won't even with the windfall.

Either Daddy has taught his kids to fish or all he is doing by willing them his money is buying them one big ol' fish...
 
notquiteright said:
Ahhh but the will can direct the estate to a charity and the deceased isn't taxed so there is no death tax to use the right wing ranters terms. No one with over 3.5 million to pass on is doing so without the guidance of an estate planner so much of the whine over taxes is moot.

Starter businesses, either funded by Daddy's money or on borrowed money are notorious for being under capitalized, the taxes have nothing to do with this, it comes from wishful thinking rather than rock solid planning. FYI the children have had 20 to 30 years for Daddy's money to help their career, the successful children should have already made their way in the world, those who can't until Daddy dies probably won't even with the windfall.

Either Daddy has taught his kids to fish or all he is doing by willing them his money is buying them one big ol' fish...
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You can indeed avoid the Death Tax by bequeathing the estate to charity, a la that great advocate of higher Death Taxes, Warren Buffett.

As for employing the guidance of an estate planner, the expense of so doing [plus legal and accounting fees] is a primary cost of the Death Tax.
 
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