Republicans Push $269 Billion Handout For Millionaire Heirs And Heiresses

Personally, I don't care where the money came from as long as they acquired it legally. If I'm a venture capitalist and I aquired my wealth because I invested in the labor and sacrifice of another, so be it. Why should that money be taxed again because I gave it to one of my children?

 

You make the grandious claim that millions of small businesses and farms must pay Federal inheritance taxes, yet the actual figures are around 4000. You're the one making things up and asserting them as fact here.

And no, no matter how hard you yell, the wealthy are NOT entitled to pass their estates free.

 

The vast majority of Americans pay a far higher and more insidious tax than any inheritance tax.,

We live in a country that provides no long term health care for the elderly, not assisted living or long term care. You are entitled to about two weeks of hospice care, that's it.

So most families exhaust what they might inherit on extended living facilities, long term care and nursing homes.

That's the real "death tax", and its the one the middle class really pays.

 

I agree. No argument here.

 

Definitely, definitely. The evidence was clear in the 2014 WAVE elections where Republicans were decimated.


Oh wait...it was the Democrats who the sane patriots are rejecting in droves. Socialism fails.

 

If Jesus was here he'd ask you to produce a note suitable to pay the tax and ask you to read him what it says on it and then say "therefore render unto the Fed the things which are the Fed's and unto God the things that are God's

 

What have the Democrats done? Obamacare, the single largest tax increase for the middle class in the country's history.

 

So, do you subscribe to the idea that all wealth ultimately belongs to the government?

 

While I am absolutely opposed to the double/triple taxation that is represented in the estate tax, and fully support its repeal, I'm angered that Republicans are wasting their time with it at this point in time. Obama's gonna veto it, and Republicans can do nothing about it. It's a pointless waste of time, that SHOULD be spent on other pressing issues. The Republicans were given back the majority based on certain promises they made. Fulfilling those promises should be priority #1, not this masturbatory tripe.

 

I can never tell on this forum whether posters are honestly misreading due to poor reading comprehension or whatever reason, or purposefully fabricating. Based on reading many of your posts, must unfortunately assume the latter. Here's what I actually posted, that I think is crystal clear, entirely accurate, and that an eighth grader could puzzle out:

"LOTS of small businesses and farms are subject to inheritance tax, but more importantly, MILLIONS of small businesses/farms must take inheritance tax into consideration throughout their entire existence, and plan NOT to be subject to it via expensive, onerous structuring... compliments of people like me."

To get out the crayons, the point is that the repercussions of the estate tax include many people and companies doing all sorts of costly wealth and growth stifling planning to AVOID it. Just because an estate didn't actually pay the tax does not mean they weren't impacted by it and paid exorbitant costs over many years to AVOID it.

...and then this pronouncement, which taken together with your refusal to address or discuss -honestly- any of the points I actually posted, exposes your position for the pure, emotional resentment drivel that it is.

 

Actually, Republicans default position is to allow all people of all income classes the luxury of keeping more of their earnings.

If Democrats had their way, they'd take it all and give us an allowance as they see fit. They would decide what we can have or not have.

 

democrats don't control congress now, so let worry about what republicans are doing....

 

republican only care about the top 10%, who you kidding.. that is exactly what they are doing with this bill as your only taxed on money over 5 million as it is now

 

The estate tax is only for taxed inheritance over $5 Million for an individual and $10 Million for a couple. It is only the top .2% that pay this tax.

Now I understand the argument against it. It is the person's money and they should be able to do with it what they want, and give it away... I agree in a way.

I also understand that the person receiving the money, it is income to them. Maybe gift income, but it is new income to them. So the tax is fair because, why should some people get a ton of tax free money, when everyone else gets taxed on what they receive. Why does the fact it is unearned make it tax exempt. I also agree.

I think the tax should be on income, not the gift. So the tax should be after so much is received, not after so much is given. Right now, because it is based on what a person can give, one kid, he can get $10 million, 2 kids, $ 5 million each, 3 kids, $3.3 million,etc.. I think it really should be inheritance tax, and each kid can get $5 million tax free or so, and then it is subject to tax, paid by the kid getting the money. So say you are given $15 Million in inheritance, only $10 million is taxable,and then that would put you in the 39.6% tax bracket, so you pay $4 Million in taxes, and receive $11 Million of the $15 Million.. Not a bad payday for being a lucky sperm. .

Money is taxed when it changes hands all the time. (and btw, there are so many loopholes, generation skipping trusts, GRATS, and other ways to siphon off money, there is money being transferred around this tax.)

 

oh yes, let's conveniently forget that it was liberal policies that tanked the housing market and started the dominoes falling. let's forget the unsupportable welfare state, shrinking job market and billions upon billions of unfunded liabilities that those same policies have laid at our feet, not to mention the feet of our children, our grandchildren, our great-grandchildren ... let's instead whine about the republicans attempting to allow families to keep a bit of the wealth they have worked for and already been taxed upon.

of course it is. this is the same mentality that gave us such gems as, "you have more money than i do, so give me some of yours", "i accomplish the amazing feats of turning oxygen into carbon dioxide and food into feces, so i deserve to be taken care of by others" and let's not forget, "you didn't build that".

 

great point. why should the families that already pay far far more federal taxes than any other group be the only people parasitized by this idiotic death tax

the people hit by the estate tax make about 22% of the income but pay almost 45% of the federal income taxes and almost ALL the death tax and the lefties and the envious claim the rich are somehow getting off easy?

 

so you support expanding the death tax to include all positive estates? more money is spent avoiding that abomination than it collects

and it only hits people who are net tax payers now

 

but you are OK with everyone else-including net tax consumers who use more than they pay for to do it tax free

you want the people who pay the most taxes in their life times to be the only ones hit by this idiotic tax

envy is the only thing that can explain this-and those estates are made up of money that was already taxed

for example, I earn say 400K and I pay say 85K of that in taxes. and I take 125K that is part of what is left over and buy say a valuable piece of art

I die and my son has to pay taxes just to keep that artwork even though it was paid for with after tax income

what should be the case is that if My son were to sell that art for 200K he would be taxed on 75K of LTCG

but if he sells it for 125K no taxes since it is a substitute for already taxed income

 

I got a question.

Hasn't this money already been taxed by the person that earned it and then subsequently died? So, didn't the government already get their share of it?

I mean I can see taxing the capital gains off of the interest from the accounts, but far as I can tell, the person that earned the money to give to their relatives when they died already paid taxes on said money.

Am I wrong?

 

no dumb&*^^, it's called double taxation....

 

that has nothing to do with a tax based on pandering to envy that does nothing really good and costs more in avoidance than it garners

 

you are not being accurate.

the amount an heir gets is not relevant but the amount of the estate

if a rich guy leave a hundred grand to a thousand people that is taxed before they get it but if a guy leaves one million (all he has) that heir is not taxed on it

so you are wrong.


and why should everyone but the rich be able to get that "tax free"

and why should those who already pay the most amount of federal taxes in their lives be the only ones that are hit by this tax?

 

No, you are not wrong!!! That's the point, it's double taxation which is illegal. i HAVE A QUESTION TO ALL OF THOSE WHO (*)(*)(*)(*)(*) about the rich. When was the last time a poor person gave you a job? Who funds the companies where many of us work? Who takes enormous risk putting together a business plan, executes it and hires many people who now get paid to provide for their families? All I hear is (*)(*)(*)(*)(*)ing and complaining about the rich, but they pay large amounts of money to drive on the same roads, and everything else we use and pay a helluva lot more for it. I would argue that those that pay next to nothing use far more of tax payer dollars that much of what the rich pay and give nothing back. What would we do if the rich all picked up their baseball bats and walked to another field? The rich are already doing this in the form of moving their biz overseas, and all we do is botch about it. That's just good biz when you figure that you can make more of which will generate more tax dollars for those that don't contribute one iota to the system. Approximately 70% of all taxes paid come from 20% of the population, and that number may even be less...

 

But it's ok to screw the one that are.

 

great point-discrimination against those who have had sex change operations is wrong period but screwing over probably more people because they are a small minority and the target of envy is ok

politicians get away with this abomination because they pander to the envious and know those parasitized don't have enough votes