Author Topic: Inheiritance Tax (Read 1555 times)

Sixpence · « **Reply #30 on:** September 04, 2003, 12:55:24 PM »

Quote

Originally posted by LePaul
Hmmm, but when we here in the USA talk about eliminating the death tax, or marriage taxes...the democrats blare out about how badly we need the income to support those living off the government....etc etc

You've made a good point, its unfair and pretty much anyone with any common sense agrees. Then, you have democrats...

Don't the republicans have the power to do anything they want? I thought they are the majority and have the pres. Yet they still point at the Democrats, it's getting old. They have the power to eliminate alot of taxes, but they don't. But I guess it's just alot easier to point at the Democrats. We voted the republicans in, point at them.

mietla · « **Reply #31 on:** September 04, 2003, 01:30:41 PM »

Inheritance tax = theft. Pure and simple. The money has been earned and all taxes paid on it already (and those are theft too).

Fatty · « **Reply #32 on:** September 04, 2003, 01:37:03 PM »

They did, Sixpence. They just don't have enough votes to make it permament, which is why you're likely to see an outbreak of elderly 'accidents' in 2010.

capt. apathy · « **Reply #33 on:** September 04, 2003, 01:42:58 PM »

thats probably the tax I dis-agree with most. usually I don't care much about taxes that hit the rich (first of all I'm not included

, second if you have money the system is working for you and you can afford to pay).

but this one is just wrong. as mentioned before the money has already been taxed (kind of like how pissed I get when I have to claim my tax refund as income, they took too much and when they give it back they think I just made more money).

also it destroys family heritage, family homes, and especially farms are lost after being in familys for generations because there isn't enough liquid assets to cover the taxes on the property.

at the very least the law needs to be modified to exempt property until it is sold, so when you pass down family heirlooms and realestate it is not taxed unless it is sold out of the family.

Leslie · « **Reply #34 on:** September 04, 2003, 02:10:07 PM »

Quote

Originally posted by Fatty
They did, Sixpence. They just don't have enough votes to make it permament, which is why you're likely to see an outbreak of elderly 'accidents' in 2010.

Explain "elderly accidents" please Fatty. What does 2010 have to do with it. I'm confused, as always.

Les

mietla · « **Reply #35 on:** September 04, 2003, 02:22:28 PM »

Quote

Originally posted by capt. apathy
usually I don't care much about taxes that hit the rich (first of all I'm not included , second if you have money the system is working for you and you can afford to pay).

that's a really cool sentiment. We should extend that for all goods, bread, sausage, cars, houses...

You don;t pay with dollars, but with a percentage of your salary. Thus the poor could afford everythign what the rich can.

GRUNHERZ · « **Reply #36 on:** September 04, 2003, 02:56:03 PM »

Any attempt to remove the inheritamce tax only benefits the "rich" and is no doubt racist in some way... Bush Is worse than Hitler!!!! Anyhow that the opposition argument from the left which aims to steal yet more hard earned money from small business entreprenours and succesful individuals...

GRUNHERZ · « **Reply #37 on:** September 04, 2003, 02:59:13 PM »

Yes apathy you just think that way and yopu guarnatee that you will be a "not rich" and jelous fool you are now...

BTW apathy Mietla does have a good point, that way all people could afford their necceties and some luxuries too no matter what income they brought in. This way the economy would grow because more people would be buying stuff, since in effect their wages are more powerful... Yea you know mietla hit the jackpot.. Mietla...

mietla · « **Reply #38 on:** September 04, 2003, 03:26:25 PM »

I wasn't even sarcastic. Once you accept some tax/fee/charge in principle, there is no limit on how high and haw far it can go.

Once you decide that income tax is moral/acceptable, nothing prevents the gov. from making it 100%. The only limit you could maintain is a 0, like in abolish it, make it unconstitutional (or rather obey the constitution since Amendment 16 was never properly ratified to begin with).

Same with Captain' statement. Once you accept a notion that "ability to pay" is a determinant of a price of death, the same argument holds for any event (marriage, moving to a new house, Birthday), activity (driver's license), or a purchase (bread, car, house, a yacht or even a corporation).

You want to buy Microsoft? The price for Bill Gates is $40,000,000,000, but Joe Blow on wellfare can buy it for $14.75.

GRUNHERZ · « **Reply #39 on:** September 04, 2003, 03:33:41 PM »

I was being sarcastic, not you.

Sixpence · « **Reply #40 on:** September 04, 2003, 03:42:49 PM »

Quote

Originally posted by GRUNHERZ
Any attempt to remove the inheritamce tax only benefits the "rich" and is no doubt racist in some way... Bush Is worse than Hitler!!!! Anyhow that the opposition argument from the left which aims to steal yet more hard earned money from small business entreprenours and succesful individuals...

It is the Bush administration watching huge oil companies consolidate into one. Small oil is getting crushed.

GRUNHERZ · « **Reply #41 on:** September 04, 2003, 03:45:19 PM »

Quote

Originally posted by Sixpence
It is the Bush administration watching huge oil companies consolidate into one. Small oil is getting crushed.

This opinion of yours has what exactly to do with inheritance taxes?

Hooligan · « **Reply #42 on:** September 04, 2003, 03:45:51 PM »

Furball:

First off, what your government is spending your money on is: "Waste and Corruption". The vast majority of all govenment money is spent on this. Every now and then they goof and actually build a road or kill a terrorist, but this is generally accidental.

You wrote:

Quote

Boroda, this is a great country with great people - ruined by bad government.

The thieving liars in power at the moment are the worst of them all.

These statements are more-or-less true of all countries. As far as "thieving liars" go, the one running the USA at the moment is not too bad in my opinion, but I'm certain you can find plenty of US citizens who disagree with me on this.

You might want to search the internet for "country rankings of economic freedom" or something similar. You might find a place you like better. IMO in this regard the USA is significantly better than the countries I have been to in Western Europe, but... it is far from optimal. Maybe you can move to Guernsey.

Hooligan

Sixpence · « **Reply #43 on:** September 04, 2003, 03:46:35 PM »

Quote

Originally posted by GRUNHERZ
This opinion of yours has what exactly to do with inheritance taxes?

You mentioned small business getting wiped out by the left.

GRUNHERZ · « **Reply #44 on:** September 04, 2003, 04:01:57 PM »

Wiped out by government imposed taxation is one thing, forced out of busssiness by competitive inefficiency in another... Like for example when Wal-Mart comes into a town it will often lead to smaller stores closing down beacuse they are unable to compete with Wal-Mart on a price or selection level. Wal-Mart simply enjoys enormous economies of scale and is very demanding of its suppliers even requiring them to upgrade theitr whole businesses so they dont hurt Wal-Marts efficency. This way Wal-Mart has such low prices. In fact no store can compete with them on price, even a giant like K-Mart could not they got clobbored. So a small mom and pop cannot compete direcytly with Wal-Mart. And none of this involves illegal schemese like predatory pricing either, Wal-mart is just incredibly efficient. The benefit to consumers is lower prices and more selection.

But if that same store was forced out of bussiness by death tax there would be no benefit to the community, just a loss.. I'm assuming little of that tax revenue willl come to the community through services or budget as death tax is only 1% of tax revenues nationwide and 65% of that 1% goes to to admin duites for tax collectors.