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which best describes your view of the inheritance tax?

which best describes your view of the inheritance tax?


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Perhaps I jumped to conclusions. When you responded to Luna Tick's problem with the inheritance tax, you wrote:

So now I have to ask. Were you expressing support for these exemptions, or do you oppose them?

I was passing on information.
 
Escaping Ohio's Death Tax | Americans for Prosperity


More important as he neared the end of his life, the former Senator also saved his family from paying Ohio 's death tax, which features one of the highest state rates (7%) and lowest asset thresholds – $338,333 – in the country. Florida famously has no income or estate tax, which is one reason other than the climate that it is home to so many northern-born retirees.

Howard Metzenbaum thus denied the state in which he lived most of his life a parting financial gift. But he has at least provided the rest of us with a teaching moment in tax policy. If a liberal lion like Metzenbaum is willing to relocate late in life to avoid his state's death tax, maybe living politicians in Ohio will better understand how their confiscatory tax laws are driving its citizens to warmer climes.

Or maybe he just wanted to retire to Florida like lots of other people do.
 
there should be no difference and it should not be something you stick your nose into. your business is what you do for your children and not what I do for mine

"There should be no difference"!!!!!!

You cannot tell the qualitative difference between giving your kid a meal or pair of pants or shoes and the passing to them of a fortune worth millions!?!?!?!?!?!

We most certainly are in Wonderland without even the quirky humor of the Mad Hatter to console us!!!!
 
Or maybe he just wanted to retire to Florida like lots of other people do.

Nah. I am sure the weather had nothing to do with it. Why pass up the chance to twist a simple lifestyle decision into a political battle?
 
Or maybe he just wanted to retire to Florida like lots of other people do.

I guess that is the Democrat defending position

His children had long grown and he was out of office for years before moving
 
"There should be no difference"!!!!!!

You cannot tell the qualitative difference between giving your kid a meal or pair of pants or shoes and the passing to them of a fortune worth millions!?!?!?!?!?!

We most certainly are in Wonderland without even the quirky humor of the Mad Hatter to console us!!!!

there are differences but the main issue-in either case its none of your business
 
I guess that is the Democrat defending position

His children had long grown and he was out of office for years before moving

Does the idea of a senior citizen moving from a cold weather state to Florida somehow normally translate into an excuse for supporting the tenets of right wing extremism?
 
there are differences but the main issue-in either case its none of your business

Tell that to some of our sainted founding fathers who had views on wealth very very different that the right wing perspective today.

http://hnn.us/articles/134453.html

please read the entire article.... here is a small section

Today's debate echoes that of the nation's founders in another, more profound way. Does allowing a small number of families to accumulate great wealth -- increasing from generation to generation -- harm democracy? The United States Constitution's ban on inherited titles met with unanimous approval because of the perceived threat posed by lords and earls to a democratic republic. Similarly, Americans have always understood that establishing a small group of families with seemingly unlimited wealth, social privilege, and political power undermines a fundamental American principle: that all citizens are legally and politically equal.

Some founders wanted to eliminate inheritance entirely. In a letter to James Madison, Thomas Jefferson suggested that all property be redistributed every fifty years, because"the earth belongs in usufruct to the living." Madison gently pointed out the plan's impracticality. Benjamin Franklin unsuccessfully pushed for the first Pennsylvania constitution to declare concentrated wealth"a danger to the happiness of mankind."

You seem eager to limit the rights of an American citizen to participate in the politics and governing of this great land. Why is that?
 
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Does the idea of a senior citizen moving from a cold weather state to Florida somehow normally translate into an excuse for supporting the tenets of right wing extremism?

take it up with the website I cited.

but I know for a fact that my father in law, who has had a place in Florida for decades switched his tax residence to Florida to avoid the taxes. He keeps a calendar to make sure he spends the requisite number of days in Florida so as to not run afoul of the law. which means he spends maybe two weeks more in florida than he has in the past.
 
Tell that to some of our sainted founding fathers who had views on wealth very very different that the right wing perspective today.

History News Network

You seem eager to limit the rights of an American citizen to participate in the politics and governing of this great land. Why is that?

No I tire of people who think that they are entitled to the wealth of others because they exist in the same geopolitical boundaries as the wealthy do
 
I guess that is the Democrat defending position

His children had long grown and he was out of office for years before moving

So he wanted to move to Florida....whopp tee doo.
 
So he wanted to move to Florida....whopp tee doo.

another bit of irrelevance-the burning need to respond without having any argument to use
 
If you aren't going to inherit anything then it's a no brainer. NO tax for those who will inherit. Cuz really, it's none of your business. It's a family matter. If you are going to inherit something....regardless of how much, why in the hell would anybody want the government to get a penny?
 
another bit of irrelevance-the burning need to respond without having any argument to use


Maybe you should try presenting a a valid argument in the first place instead of innuendo.
 
Maybe you should try presenting a a valid argument in the first place instead of innuendo.


I did present a valid argument you ignored-states with high income and death tax rates lose rich residents to more friendly states
 
If you aren't going to inherit anything then it's a no brainer. NO tax for those who will inherit. Cuz really, it's none of your business. It's a family matter. If you are going to inherit something....regardless of how much, why in the hell would anybody want the government to get a penny?

You do realize that property and stocks, etc, pass to the heirs with abasis at time of death, right? So if you inherited 500k of stocks, your basis is 500k. So you can then sell that stock and pay no taxes, and that's 500k of income that would never be taxed if not for inheritance tax. So, yes, inheritance tax is a good thing.
 
I did present a valid argument you ignored-states with high income and death tax rates lose rich residents to more friendly states

Correlation does not mean causation. It is more likely he moved to Florida a big time known retirement community because he wanted to move to Florida. You have presented no evidence he did it for tax reasons beyond innuendo.
 
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Do they teach this sort of embracement of absurdity at the Von Mises Institute in place of action rational thought? Are you really unable to distinguish between a parent providing food and shelter and clothing for a minor child and a parent giving millions of dollars to a grown child?
So now I'm confused. Earlier you said that any time money goes into someone's pocket, that is income. Is that not true?
 
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You do realize that property and stocks, etc, pass to the heirs with abasis at time of death, right? So if you inherited 500k of stocks, your basis is 500k. So you can then sell that stock and pay no taxes, and that's 500k of income that would never be taxed if not for inheritance tax. So, yes, inheritance tax is a good thing.

its a good thing if you think that the government ought to have more and more and more money. suppose My grandfather owned a painting worth 100K that does not appreciate. My father inherits it and paid 55000 on it because when my grandfather died, one million was the limit and 55% was taxed on all wealth above that. and then when my parents died my brother took it and more taxes were paid on it

that is ludicrous
 
Correlation does not mean causation. It is more likely he moved to Florida a big time known retirement community because he wanted to move to Florida. You have presented no evidence he did it for tax reasons beyond innuendo.

but I presented evidence of others establishing residence (you seem confused, many of these people really don't spend much more time in their new state-rather they make the state their legal residence while still maintaining a home in the original state) for tax purposes
 
Understood.

But I'm still wondering, do you support these exemptions, or do you oppose them?

Look how he voted --he wants every dollar of inheritance taxed at 35%
 
but I presented evidence of others establishing residence (you seem confused, many of these people really don't spend much more time in their new state-rather they make the state their legal residence while still maintaining a home in the original state) for tax purposes

lot's o' people buy condos on the beach. Because they want a condo on the beach.
 
its a good thing if you think that the government ought to have more and more and more money. suppose My grandfather owned a painting worth 100K that does not appreciate. My father inherits it and paid 55000 on it because when my grandfather died, one million was the limit and 55% was taxed on all wealth above that. and then when my parents died my brother took it and more taxes were paid on it

that is ludicrous

However, if all that he owned was that painting, there would be no tax. I have no problem with property being passed on at the REAL basis. Do you?
 
lot's o' people buy condos on the beach. Because they want a condo on the beach.

and lots of people who spend half of their lives in Ohio and half in florida spend a few more days in florida as they near death so the now repealed ohio death tax didn't take a big hunk out of what they have earned
 
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