palehorse74
any money won, inherited, found or earned should be taxed....and I do find it comical to whine that you will only get to keep 2 million instead of 3 million, it sounds petty and immature. that is just the burden and cost you will have to bear living in the USA. be thankful you have become so successful that you do have an estate to bequeath someone.
yes we should all subscribe to a "mine, mine mine' attitude...
any money won, inherited, found or earned should be taxed....and I do find it comical to whine that you will only get to keep 2 million instead of 3 million, it sounds petty and immature. that is just the burden and cost you will have to bear living in the USA. be thankful you have become so successful that you do have an estate to bequeath someone.
palehorse
Lifer
- Dec 21, 2005
- 11,521
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where do you get that idea? I'm not a republican, but I'm sure many of them would agree that capital gains and dividend taxes are perfectly acceptable forms of taxation.
"Inheritance" taxes simply don't belong in the same category, given the very nature of an estate means that other taxes (income, sales, property, gains, dividends, etc) have already been levied against the earner along the way.
palehorse
Lifer
- Dec 21, 2005
- 11,521
- 0
- 76
no, but "since I just paid plenty of taxes on this money, the rest is mine" is perfectly acceptable.
Once again, I do not stand to inherit much money at all, and the inheritance tax certainly won't apply to the little I do get if/when I outlive my parents.... so this isn't about me. I simply see a wrong that I'd like to see made right - even if the victims in this case are "teh evul rich folk!"
You guys can dance all day, but in the end, this is nothing more than your way of "sticking it" to someone who has it better than you, and re-distributing the money to those you feel "deserve" it more... the altruistic tone of your argument is just a facade.
theeedude
Lifer
- Feb 5, 2006
- 35,787
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That's why I said Republicans , not palehorse
So, corporate taxes have been levied on corporations that pay dividends, and capital gain reflects new value of an enterprise after taxes have been paid.
Most if not all money had taxes levied against it before. The point is inheritance is income to the person receiving it, and they should have to pay taxes on it. We should not give preference to inheritance income for doing nothing over job income from working hard and creating new goods and services and adding to the pie.
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,197
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And you are sticking it to the working people and redistributing their taxes to pay for services that everyone uses, while creating an aristocracy that can receive inheritance income tax free in perpetuity. I'll stick it to the lazy bums living off their inheritance before I'll stick it to people working for their money any day of the week and twice on sunday.
Once again, any money won, inherited, found or earned should be taxed including money given to heirs. "Son, I am giving you 3 million dollars, but you will have to pay 1 million to the IRS, to help sustain the system and infrastructure which has given me the oppurtunity to bequeath this sum to you."
"Forget it Dad, that is too much of a burden to bear, I will go out and make my own millions so we both can avoid the dreaded "DEATH TAX".
"Forget it Dad, that is too much of a burden to bear, I will go out and make my own millions so we both can avoid the dreaded "DEATH TAX".
palehorse
Lifer
- Dec 21, 2005
- 11,521
- 0
- 76
If by "the working people," you mean the certifiably poor, then I've got news for you: they don't pay ANY income taxes!
"Teh evul rich folk" already pay the majority of taxes in this country (The top 20% pay 80% of the total tax burden).
But you already knew that, right?
Admit it, you just want MORE of their money to spread around...
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Why? I don't give a crap who else pays taxes as long as it helps me...me...me pay less. If I (me..me...me) have to pay more if someone else's tax burden is lowered, then it's a no-go. I've decided to become my own CEO and I don't care if the competitors pay more or less, unless it effect me. If they pay more and I can pay less, then I'm for it. If they pay less and I pay more, I'm against it. I'm starting to learn (finally), take care of your damn self and don't worry about the other bastards unless it effects you.
Disclaimer: I'm not stating I'm for or against eliminating the estate tax but since it doesn't effect me (at this time), I don't care. If it's eliminated and I (me...me...me) has to pay more, then fuck that.
Signed: CEO Engineer, Engineer Inc. (c) 2007. All rights reserved.
Vic
Elite Member
- Jun 12, 2001
- 50,422
- 14,337
- 136
It's not my attitude. Personally, I feel that so long as no one goes cold and hungry, that it does not matter how rich someone else might be. That's between them and their own conscience.
I was merely explaining to 1EZduzit how his own strongly pro-income tax views are more harmful to the poor and middle classes than they are to the rich (who are well protected by assets and influence).
I'd be interested BTW if you would actually like to address what's wrong with my 0% income tax/100% estate tax idea. There are some flaws in it, I am aware, like how it would impact family businesses like farms, etc., but those have nothing to do with your emotional responses.
That is exactly what is happening more and more in America everyday thanks to you and your buds all for the rich screw everyone else policies:
11-15-2007 Over 35.5 million hungry in 2006
More than 35.5 million people in this country went hungry in 2006 as they struggled to find jobs that can support them
Single mothers and their children were among the most likely to suffer, according to the study.
The 35.5 million people represented more than 1 in 10, or 12.1 percent, who said they did not have enough money or resources to get food for at least some period during the year, according to the department's annual hunger survey. That is compared with 35.1 million people who made similar claims in 2005.
For example, among families, a third of those facing disruption in the food they typically eat said an adult in their family did not eat for a whole day because they could not afford it.
"No one in America should go hungry," Houston said.
Jim Weill, president of the Food Research and Action Center, an anti-hunger group, said he is troubled by the report. He said figures for 2007 could prove to be worse, given rising food prices and an uneven economy this year.
blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,197
- 126
I am talking about people like me, who start from nothing and work hard for every penny we make. We should not be taxed higher than trustfund babies getting inheritances from their parents they didn't lift a pinkie to earn.
As a single renter making about 100K, I pay the highest tax rate possible, while receiving the fewest tax benefits, so I will not be lectured by some loser who wants to get his daddy's money tax free, or thinks it's moral to push the tax burden on people who work for a living and remove it from those who get money for simply being born into the right family and doing nothing.
palehorse
Lifer
- Dec 21, 2005
- 11,521
- 0
- 76
What is interesting is the fact that those "trustfund babies" who you despise so much are still likely to pay more in capital gains taxes, on subsequent trades with their inherited money, than you will pay in income taxes during your entire lifetime.
How do ya like dem apples?! If anything, that fact should make you smile like a donut!
Hey douchebag, I've earned every penny I have; and I don't stand to inherit much, if any, when my parents pass away - certainly not enough to be effected by the inheritance taxes. I've said as much at least 2 or 3 times in this very thread. I also make roughly the same amount of money as you, and get taxed at just as high a rate.
I'm arguing against inheritance taxes on principle - selective double taxation against certain families is just plain wrong.
So wake the fvck up, "loser," and quit letting your bitterness and jealousy get the best of you. Not everyone around here is only concerned with themselves!
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
That's right. Somebody has to stand up for the rich. I mean, the rich people who run DC (yes, all of the politicans are rich) aren't going to do it, right? LOL.
By the way, anyone think that they will eliminate this without creating a new tax for the rest of us? Really?
Perhaps it's because you are offended by the idea of the public good?
Or perhaps it's because you think you understand the public good and took offense, and only you should be able to be offensive and tell people to 'face' that they're only jealous?
The 'I stopped reading' response has a punch to it, when used on something there was a reason not to read further; and it's weak when misused as you did.
You just can't 'face' the info, you can only demand others 'face' your incorrect claims.
Still waiting for the answer to my question - if you have to tax a million dollars, is the least pain from the poor, middle class, wealthy, or large estates?
I find it amusing that in reading hundreds of comments over many years from estate tax opponents, I've seen many protests why the wealthy should keep the money, but never a single one of the comments that admits, or justifies, the fact that the taxes are instead transferred to poorer Americans if the tax is cut - they always dodge the issue by hiding behind the 'spending should be cut' dodge.
palehorse
Lifer
- Dec 21, 2005
- 11,521
- 0
- 76
What do I believe?
1) I believe that all income taxes should be split between the middle and upper classes with a single flat rate (roughly 22% is about right), not to exceed a total payment that would bring the earnings below the poverty line. This would slightly lower the average middle-class rates, and slightly raise the upper class rates. The certifiably poor would remain free of any federal income tax obligation, just as they are today.
1.5) every senatorial region (x100) should have its own well-defined and well researched poverty line created and maintained by a responsible third-party government entity (such as the newly reformed IRS described below). Smarter men than me could do the math...
2) I believe that all inheritance and familial gift taxes should be done away with. Once an earner has paid proper taxes on his assets, income, gains, etc, it belongs to them and their family with no further tax obligation in said money. period.
3) I believe that there should be a slight increase in capital gains tax rates for every $1M made through trading and such. These taxes should be assessed and owed at the time of each and every trade or sale. Each person who pays a single cent in gains taxes should receive an annual statement, similar to a W2, that lists their total gains taxes for the year. There could also be certain rewards or incentives for paying over X amount of dollars in gains taxes each year. This might encourage those with large wealth to move the money around more frequently each year - thus stimulating the market.
4) I believe the IRS and ALL tax laws should be dismantled completely and rebuilt from scratch.
5) I believe that sales taxes should remain as they are - that is, as a state issue. Sate income taxes should be changed to reflect the changes made to federal income taxes - with much lower rates of course.
6) The certifiably poor should be exempt from all taxes EXCEPT sales taxes, and their income and assets should be audited regularly to ensure they are not hiding anything.
7) All current welfare-related programs should be canceled and congress should construct a single new program that ONLY provides assistance to the working or truly disabled poor.
8) The Social Security tax should be canceled. In its place, each citizen should be required to place X number of dollars into a low-risk portfolio of some kind, akin to a National 401k. The citizens could then move that money around, within the limits of low-risk markets, throughout the course of their lives. My guess is that doing so would pay out at atleast 10 times the current Social Security debacle.
9) I'll try to think of more later... goodnight.
Whoozyerdaddy
Lifer
- Jun 27, 2005
- 19,216
- 1
- 61
My little opinion....
It's easy for guys worth $40 billion to say they aren't taxed enough when higher taxes would still leave them with $30 billion.
All the money a person makes in their life is taxed. And then when they die it's all taxed again? That's just wrong.
It's easy for guys worth $40 billion to say they aren't taxed enough when higher taxes would still leave them with $30 billion.
All the money a person makes in their life is taxed. And then when they die it's all taxed again? That's just wrong.
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