Why many of you won't be getting your parents home.

[Steeplerot]

You need a good vacation, you know calling people names like that and threatening ppl is out of line.

You are nothing but a power-tripping asshat forum ethug.

 

[BlancoNino]

Originally posted by: Steeplerot
You need a good vacation, you know calling people names like that and threatening ppl is out of line.

You are nothing but a power-tripping asshat forum ethug.

Vying for a vacation under our own terms, are we?

 

[Vic]

Originally posted by: BoberFett
If you know you're dying, why prolong it? How much is life worth when it's spent in a hospital or nursing home hooked up to machines. Yeah, you get to see your family and friend, but only for a few minutes a day, and you never know when the end is actually going to come. It's not a good life, you're just waiting to die. I'd rather have a party and see all my loved ones one last time and then just let me go.

End of life care is a huge cost in the US. Maybe we should focus more on comfort at the end of life rather than just trying to keep people alive as long as possible?

http://www.medicalnewstoday.com/medicalnews.php?newsid=54611

http://www.pubmedcentral.nih.gov/articlerender.fcgi?artid=1282187

Meh. Wait until you get there before you judge. It might not be a good life, but you're going to want to stick around just the same. And then (as happens all to frequently) by the time you finally do want to go you just won't go but keep lingering on and on. Such is life.

 

[Steeplerot]

Originally posted by: BlancoNino

Originally posted by: Steeplerot
You need a good vacation, you know calling people names like that and threatening ppl is out of line.

You are nothing but a power-tripping asshat forum ethug.

Vying for a vacation under our own terms, are we?

Well it is true, he is acting like a big ethug loser.

 

[Vic]

Originally posted by: Steeplerot
You need a good vacation, you know calling people names like that and threatening ppl is out of line.

You are nothing but a power-tripping asshat forum ethug.

Sorry, I couldn't hear you between all your name-calling.


And it's a wee bit late now to realize that you bit off more than you could chew with me, isn't it?
And Craig's a big boy, he should be able to stand up for himself. Plus, he knows how he started this with me.

 

[Steeplerot]

Lol, you are a conceited idiot Vic, dont flatter yourself.

 

[BlancoNino]

Originally posted by: Steeplerot
Describes you perfect Vic.

I don't know, I think Vic is actually pretty good at linking.

Edit: The link didn't work before I could quote it.

 

[Vic]

On that note, exactly what is wrong with a system of no income taxes but 100% estate taxes? I'm interested in hearing this. Why should you be entitled to your parents' home? You didn't build it. You didn't make the mortgage payments. Why shouldn't your parents choose to spend "your inheritence" on their own health care?

 

[Steeplerot]

You did a great job on bolding there.

 

[Vic]

Originally posted by: Steeplerot
Lol, you are a conceited idiot Vic, dont flatter yourself.

Ahh... so you deny that you insulted my mother?

 

[BlancoNino]

Originally posted by: Steeplerot
You did a great job on bolding there.

And you did a great job on editing your crappy link job.

 

[BlancoNino]

 

[smack Down]

Originally posted by: Vic

Originally posted by: smack Down

Originally posted by: Vic
This is not new. We have known for years that my GF's grandmother's house will be going straight to the state of California when she passes away.

Sadly, this just demonstrates the socialists entitlement fantasy world, where people are forced to purchase products for their own good, tricked into believing that they're getting something for nothing. They rip on the rich and income blah blah blah while all they while the ignore that it is not income that is wealth, but assets, and here they come to take the family home. So the divide between rich and poor grows ever greater even as income taxes get higher. Coincidence? Hell no.

So now making people pay for there own care is a socialist entitlement.

No one is being forced to go to nursing homes, and no one is being tricked to think that nursing home care is free.

That's not what I said at all. You must have missed the part about "fantasy world," i.e. There Ain't No Such Thing As A Free Lunch.

Again how does making people pay for a service they recieve demonstrates "the socialists entitlement fantasy world, where people are forced to purchase products for their own good, tricked into believing that they're getting something for nothing." Who is being tricked?

 

[Steeplerot]

Originally posted by: Vic

Originally posted by: Steeplerot
You need a good vacation, you know calling people names like that and threatening ppl is out of line.

You are nothing but a power-tripping asshat forum ethug.

Sorry, I couldn't hear you between all your name-calling.


And it's a wee bit late now to realize that you bit off more than you could chew with me, isn't it?
And Craig's a big boy, he should be able to stand up for himself. Plus, he knows how he started this with me.

Then take it to PM we are all sick of your stupid ethug personal attacks when someone is discussing an issue, I see people are sick of you too in OT, keep pushing, this forum will be much more civil without you for awhile.

 

[Vic]

Originally posted by: smack Down

Originally posted by: Vic

Originally posted by: smack Down

Originally posted by: Vic
This is not new. We have known for years that my GF's grandmother's house will be going straight to the state of California when she passes away.

Sadly, this just demonstrates the socialists entitlement fantasy world, where people are forced to purchase products for their own good, tricked into believing that they're getting something for nothing. They rip on the rich and income blah blah blah while all they while the ignore that it is not income that is wealth, but assets, and here they come to take the family home. So the divide between rich and poor grows ever greater even as income taxes get higher. Coincidence? Hell no.

So now making people pay for there own care is a socialist entitlement.

No one is being forced to go to nursing homes, and no one is being tricked to think that nursing home care is free.

That's not what I said at all. You must have missed the part about "fantasy world," i.e. There Ain't No Such Thing As A Free Lunch.

Again how does making people pay for a service they recieve demonstrates "the socialists entitlement fantasy world, where people are forced to purchase products for their own good, tricked into believing that they're getting something for nothing." Who is being tricked?

Did you even read the OP?

James Napier and his family were shocked to receive a letter from the state of Texas about his ex-wife's home after she died in May 2005. She spent the last two months of her life in a nursing home. Now the family owes Medicaid $5,600.

 

[Vic]

Originally posted by: Steeplerot

Originally posted by: Vic

Originally posted by: Steeplerot
You need a good vacation, you know calling people names like that and threatening ppl is out of line.

You are nothing but a power-tripping asshat forum ethug.

Sorry, I couldn't hear you between all your name-calling.


And it's a wee bit late now to realize that you bit off more than you could chew with me, isn't it?
And Craig's a big boy, he should be able to stand up for himself. Plus, he knows how he started this with me.

Then take it to PM we are all sick of your stupid ethug personal attacks when someone is discussing an issue, I see people are sick of you too in OT, keep pushing, this forum will be much more civil without you for awhile.

You always make bizarre comments like this out of nowhere, like I got pqwed in OT, or people are sick of me in OT, or Bill O'Reilly is a Libertarian(!), but then never back them up when called on them. I wonder why?

I got news for you, I get a lot more fan mail than hate mail, and that fan mail comes from the left just as often as from the right (and vice versa with the hate mail, although most people don't define themselves black-and-white that way like you do).

 

[BlancoNino]

Vic, you say you support a 100% estate tax at death. What exactly do you mean?

 

[Vic]

Originally posted by: BoberFett

Originally posted by: BlancoNino

Originally posted by: Steeplerot
You need a good vacation, you know calling people names like that and threatening ppl is out of line.

You are nothing but a power-tripping asshat forum ethug.

Vying for a vacation under our own terms, are we?

Impossible, he's of the correct political persuasion. Leftists are free to insult, flame and troll all they want in this forum.

Just see the recent thread about Kerry being spurned by US troops which was locked because the moderator thought the OP was implying that the soldiers were stupid. Nevermind the fact that I can remember at least a couple threads posted by lefties a while back where "US soldiers are brainwashed idiots" was the theme. Hell, look at the fact that dmcowen is still here. This forum is a joke, the moderators don't even worry about the appearance of bias. The only reason I hang around here is to piss off the zealots and work them into a foamy-mouthed frenzy.

Meh, I'm just thinking back to when my mother was insulted because I questioned the need for a ban on trans-fats in NYC. Somehow, that's okay. And here I thought it was the right-wing Republicans who were the moral authoritarians who were opposed to the "death tax."

 

[Vic]

Originally posted by: BlancoNino
Vic, you say you support a 100% estate tax at death. What exactly do you mean?

What it sounds like. You can't take it with you. This would be in return for no income taxes though (although use taxes would be acceptable IMO).

Why should children get inheritences? They didn't build their parents' wealth. And it is this handing-down of wealth from generation to generation that causes the great wealth disparity, not income. And that's why the gap between rich and poor keeps growing. The rich keep handing-down their wealth with interest compounded, while the poor have no wealth to begin with. Have you seen that Chris Rock stand-up bit where he talks about the difference between rich and wealthy? You should. Income can make you rich. It takes assets to be wealthy.

 

[BlancoNino]

Originally posted by: Vic

Originally posted by: BlancoNino
Vic, you say you support a 100% estate tax at death. What exactly do you mean?

What it sounds like. You can't take it with you. This would be in return for no income taxes though (although use taxes would be acceptable IMO).

Why should children get inheritences? They didn't build their parents' wealth. And it is this handing-down of wealth from generation to generation that causes the great wealth disparity, not income. And that's why the gap between rich and poor keeps growing. The rich keep handing-down their wealth with interest compounded, while the poor have no wealth to begin with. Have you seen that Chris Rock stand-up bit where he talks about the difference between rich and wealthy? You should. Income can make you rich. It takes assets to be wealthy.

And what if somebody gives their estate away to their children before they die?

 

[Vic]

Originally posted by: BlancoNino

Originally posted by: Vic

Originally posted by: BlancoNino
Vic, you say you support a 100% estate tax at death. What exactly do you mean?

What it sounds like. You can't take it with you. This would be in return for no income taxes though (although use taxes would be acceptable IMO).

Why should children get inheritences? They didn't build their parents' wealth. And it is this handing-down of wealth from generation to generation that causes the great wealth disparity, not income. And that's why the gap between rich and poor keeps growing. The rich keep handing-down their wealth with interest compounded, while the poor have no wealth to begin with. Have you seen that Chris Rock stand-up bit where he talks about the difference between rich and wealthy? You should. Income can make you rich. It takes assets to be wealthy.

And what if somebody gives their estate away to their children before they die?

Therein lies the rub. The estate tax is already the most evaded tax there is.
Giving it away in advance only works when parents trust their children though...
(which is why trusts and family corporations are set up then).

 

[fstime]

Originally posted by: Vic
On that note, exactly what is wrong with a system of no income taxes but 100% estate taxes? I'm interested in hearing this. Why should you be entitled to your parents' home? You didn't build it. You didn't make the mortgage payments. Why shouldn't your parents choose to spend "your inheritence" on their own health care?

wow...

I'm not going to sit here and argue but I totally disagree with that.

 

[Arglebargle]

Originally posted by: Vic

Originally posted by: BlancoNino

Originally posted by: Vic

Originally posted by: BlancoNino
Vic, you say you support a 100% estate tax at death. What exactly do you mean?

What it sounds like. You can't take it with you. This would be in return for no income taxes though (although use taxes would be acceptable IMO).

Why should children get inheritences? They didn't build their parents' wealth. And it is this handing-down of wealth from generation to generation that causes the great wealth disparity, not income. And that's why the gap between rich and poor keeps growing. The rich keep handing-down their wealth with interest compounded, while the poor have no wealth to begin with. Have you seen that Chris Rock stand-up bit where he talks about the difference between rich and wealthy? You should. Income can make you rich. It takes assets to be wealthy.

And what if somebody gives their estate away to their children before they die?

Therein lies the rub. The estate tax is already the most evaded tax there is.
Giving it away in advance only works when parents trust their children though...
(which is why trusts and family corporations are set up then).

Aren't inheritance taxes set up so they only hit the high end? Only a few percent of the population qualify? I had always thought it was a very limited deal.

 

[fstime]

1.5M and up

 

[Craig234]

Originally posted by: BouZouki
1.5M and up

Actually it's gone up to $2M and $4M for a couple, and there are various credits and ways to avoid it that make the real limit higher.

Also, there is a family-owned farm exemption in the law that helps for them, but that doesn't stop the right from lying about the 'family farm' stories.

Also, note that much of the estate taxed on transfer is actually unrealized capitale gains which would never be taxed otherwise.

Imagine if you have $500 million sitting in investments going up in value. If you just leave them alone, the untaxed increased value just keeps on growing and growing. As it grows to a billion and more, all the untaxed gains keep on making it larger; if it were given to descendants, it could never be taxed even though it's continuing to make you money. If you want a bit for income to spend, you can take a little out and pay the low capital gains tax on that (while workers pay income taxes that can have higher rates).

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