• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Highlights of the Tax Package Before the Senate

Page 6 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
I don't care if you have a trillion dollars. If you already paid taxes on it when you were living the government doesn't have the right to tax it again because you died. I guess the idea of owning anything is just an illusion anymore.
 
OutHouse said:
i care because i want to make sure that my wife kids family are taken care of with the money I MADE. THINK!
Click to expand...

A $2,000,000 exemption before ANY taxes at all (present law with a simple AB trust)will not be sufficient to take care of your "wife kids family?" (Remember this $2,000,000 does not include life insurance unless you were stupid enough to have the life insurance payable to your estate). If so, perhaps spending a few dollars with a decent estate attorney will solve whatever anxiety you still have.

Frankly you have been sold an enormous pile of BS c/o Fox News continued moaning about "death taxes."
 
Modelworks said:
I don't care if you have a trillion dollars. If you already paid taxes on it when you were living the government doesn't have the right to tax it again because you died. I guess the idea of owning anything is just an illusion anymore.
Click to expand...

That's not very progressive of you. You owe that money and property to the society that allowed you to live and prosper after you die.

Seriously, that is what liberals/progressives believe. You can see it in this thread. They don't even hide it, it's a core belief.
 
Jhhnn said:
Let's say that I sell an asset that I've held for many years and give the money to my son. I'd pay capital gains taxes and he'd pay income taxes on it. Under your no estate tax scenario, no taxes of any kind would be paid if the asset were transferred to my son after my death. He'd pay no taxes on the sale. It'd be free money for him, either way, just more if he collects it as an inheritance.
Click to expand...


The difference is how the taxes are applied. If you did that while living you both would have the opportunity to decide how to handle it. Your son could decide to not go through with the transfer, you could make other arrangements, etc. If dad dies your son does not get that benefit. It is like when you die the government is saying "Your dad is dead and now the estate belongs to us, if you want it, pay this fee or lose it" . They are acting on behalf of the deceased as if they were named in the will, choosing what happens to that persons possessions. I can't see any way that can be right.
 
Thump553 said:
A $2,000,000 exemption before ANY taxes at all (present law with a simple AB trust)will not be sufficient to take care of your "wife kids family?" (Remember this $2,000,000 does not include life insurance unless you were stupid enough to have the life insurance payable to your estate). If so, perhaps spending a few dollars with a decent estate attorney will solve whatever anxiety you still have.

Frankly you have been sold an enormous pile of BS c/o Fox News continued moaning about "death taxes."
Click to expand...

2 mill or 5 mill is not enough to take care of my family for the rest of their lives in the lifestyle they are accustomed to or that I worked so hard to provide for them.

Jealousy, you're showing it.
 
spidey07 said:
That's not very progressive of you. You owe that money and property to the society that allowed you to live and prosper after you die.

Seriously, that is what liberals/progressives believe. You can see it in this thread. They don't even hide it, it's a core belief.
Click to expand...

So Spidey, you owe society nothing? You are an island unto yourself?

Bullshit.

Reality is we live within a social contract, one part of which includes taxes to pay for this country and your privilege as a first world citizen.

Creating a system of rich owning all through inheritance is as undemocratic and anti-free market as you can get.

Once again Spidey, you have shown yourself to be nothing less then a dim bulb tool of the elites more easily manipulated then clay with a few catch phrases.
 
TheRedUnderURBed said:
So Spidey, you owe society nothing? You are an island unto yourself?

Bullshit.

Reality is we live within a social contract, one part of which includes taxes to pay for this country and your privilege as a first world citizen.

Creating a system of rich owning all through inheritance is as undemocratic and anti-free market as you can get.

Once again Spidey, you have shown yourself to be nothing less then a dim bulb tool of the elites more easily manipulated then clay with a few catch phrases.
Click to expand...

This is what I'm talking about. Progressive/liberal mentality. See it for what it is. Fight it. It is the enemy of our freedom and the enemy of our nation. So I have to PAY for my PRIVILEGE to LIVE? Go read the declaration of Independence, and then read it again until it sinks in.

All the good things in this bill to "allow" people to keep more of THEIR MONEY and they focus on the death tax. Know thy enemy.
 
Last edited:
TheRedUnderURBed said:
So Spidey, you owe society nothing? You are an island unto yourself?

Bullshit.

Reality is we live within a social contract, one part of which includes taxes to pay for this country and your privilege as a first world citizen.

Creating a system of rich owning all through inheritance is as undemocratic and anti-free market as you can get.

Once again Spidey, you have shown yourself to be nothing less then a dim bulb tool of the elites more easily manipulated then clay with a few catch phrases.
Click to expand...

And creating a system where if grandpa or grandma dies their heirs owe a huge chunk of change in death taxes is about as nightmarish as it can get for family owned businesses. It's blatantly unfair to farmers and ranchers who have to sell off land and livestock - assets that have already been taxed - to fork over money to the fed gov't which will just turn around and waste it.
 
thegimp03 said:
And creating a system where if grandpa or grandma dies their heirs owe a huge chunk of change in death taxes is about as nightmarish as it can get for family owned businesses. It's blatantly unfair to farmers and ranchers who have to sell off land and livestock - assets that have already been taxed - to fork over money to the fed gov't which will just turn around and waste it.
Click to expand...

As has been shown before, the scenario you are describing basically never happens.
 
spidey07 said:
This is what I'm talking about. Progressive/liberal mentality. See it for what it is. Fight it. It is the enemy of our freedom and the enemy of our nation. So I have to PAY for my PRIVILEGE to LIVE? Go read the declaration of Independence, and then read it again until it sinks in.

All the good things in this bill to "allow" people to keep more of THEIR MONEY and they focus on the death tax. Know thy enemy.
Click to expand...

Nice deflection.
 
thegimp03 said:
It doesn't? Ask my mom's relatives who live up in Oregon. Had to sell a ranch built up over 3-4 generations to pay death taxes. Pretty sad situation.
Click to expand...

Yeap, it almost never happens. Regardless of what your mom's relatives endured, as the statistics have already shown it is a situation that is so unlikely as to be foolish to legislate around.

If your relatives owned a ranch worth millions that couldn't generate enough revenue to pay estate taxes on, it was a terrible business anyway. You can pay them over time, you know.
 
eskimospy said:
Yeap, it almost never happens. Regardless of what your mom's relatives endured, as the statistics have already shown it is a situation that is so unlikely as to be foolish to legislate around.

If your relatives owned a ranch worth millions that couldn't generate enough revenue to pay estate taxes on, it was a terrible business anyway. You can pay them over time, you know.
Click to expand...

None of that matters. It's wrong to have to pay anything. It's wrong.

Unless you believe it's the government's money and property and the government is doing you a favor by letting you live and own something - you know, progressive liberal thinking.
 
spidey07 said:
None of that matters. It's wrong to have to pay anything. It's wrong.

Unless you believe it's the government's money and property and the government is doing you a favor by letting you live and own something - you know, progressive liberal thinking.
Click to expand...

Wrong. Taxation is both a legitimate and necessary function of government.

That, and you are mentally ill. Why would anyone take your insane rambling seriously?
 
eskimospy said:
Yeap, it almost never happens. Regardless of what your mom's relatives endured, as the statistics have already shown it is a situation that is so unlikely as to be foolish to legislate around.

If your relatives owned a ranch worth millions that couldn't generate enough revenue to pay estate taxes on, it was a terrible business anyway. You can pay them over time, you know.
Click to expand...

The cash they have on hand is tiny in proportion to the land, buildings, machinery, livestock, etc. assets they have. And most cash they do generate is spent running the business. Stating that it's a terrible business anyway is a blatant lie and cop out.
 
thegimp03 said:
The cash they have on hand is tiny in proportion to the land, buildings, machinery, livestock, etc. assets they have. And most cash they do generate is spent running the business. Stating that it's a terrible business anyway is a blatant lie and cop out.
Click to expand...

So their business is not very profitable is what you're saying.

Debating anecdotes is silly because they are both unfalsifiable and non-representative. The statistics show that the amount of businesses affected in the way you describe is vanishingly small.
 
eskimospy said:
Yeap, it almost never happens. Regardless of what your mom's relatives endured, as the statistics have already shown it is a situation that is so unlikely as to be foolish to legislate around.

If your relatives owned a ranch worth millions that couldn't generate enough revenue to pay estate taxes on, it was a terrible business anyway. You can pay them over time, you know.
Click to expand...

this just shows you dont know what the fuck you are talking about. you have no first hand experience in this so you just post links that support your argument. if this crap happen you, there is no doubt i my mind you would be singing a different toon.
 
eskimospy said:
So what? Why on earth would we make tax policy based around what happens to .001% of households? Does that sound like a smart idea to you?
Click to expand...

as long as its not you, who cares right? tax them to hell and back, its not my familys money so just take it all!...
 
OutHouse said:
this just shows you dont know what the fuck you are talking about. you have no first hand experience in this so you just post links that support your argument. if this crap happen you, there is no doubt i my mind you would be singing a different toon.
Click to expand...

Right, I post links that support my argument. That's how adult discourse works.

More importantly, my links are about nationwide statistics as opposed to a single person's experience. I will leave it to you to figure out why that might be more useful when determining nationwide tax policy.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top