Speaking as someone who sold a family ranch due to estate taxes under Carter, this thrills me no end. :rolleyes:
Share the wealth!! :rolleyes: Fucking commies!! :mad:
Tax tax tax and tax some more!
Speaking of “fair” (which this is clearly not)…how about each person gets 1 vote for every 5k they pay in taxes. Isnt that fair since “rich” people are more effected by taxes than most people? Its only fair they get more representation in government since they have more at stake. People who get more money than they pay in get negative votes, and don’t get to vote until they get 5k positive tax dollars.
But no we let the majority of people who pay very little in taxes if anything vote money out of other people’s pockets.
Amazing, isn’t it?
I always thought that it was the “nation” that benefitted from the energy, ambition, and talents of its individuals.
What is the “nation,” anyway, other than a collection of individuals. What number of individuals, other than one’s self, constitutes the “nation.”
What an absurdity.
And btw, the estate tax does not tax “families,” it taxes individuals.
The level of knowledge on the Estate Tax and what this means/did is pretty abysmal. The thread title is misleading. They essentially extended the estate tax CUT that was passed under the Bush Administration and was due to sunset (yes like the AWB).
Had they not passed the extension, next year the estate tax would have jumped back to the OLD rate which would have been a huge tax increase. IIRC the current extension taxes at a marginal rate of 45% for anything over 3.5 million, if it had reverted the tax would have been 65% for anything over 1.25 million.
It ain’t perfect but it beats the alternative.
Its pretty sad “beats the alternative” means someone is still paying about half in taxes.
Funny that they call it “just.” Very important work that is so terribly abused today.
Is double jeopardy just? Much of someone’s estate gets taxed on what was already taxed.
Is punishing success just? The injustice is that people work hard, use their smarts to save and invest, build companies, and then the govt thanks them by taking it away.
“Justice” in that sentence in the article actually means it is “immoral” NOT to take money from people that they consider “wealthy.” Can they really make that case that it is IMMORAL to take money from a person who dies? It may be IMPRACTICAL in the eyes of some govt officials, but “unjust”? What are they teaching lawmakers in school these days?
“Wealthy” is arbitrary. The truly “wealthy” know how to set up shelters and corporations and millions and millions of life insurance to pay off the govt to keep their creepy hands off your estate. The people hit hardest by this are those who don’t have enough money and resources to shelter it.
The other stupid thing about the bolded sentence relates to those individuals who made their money in other countries and only resided in our land. Is the govt suggesting we can record what money we made by investing in developing countries and keep them from taxing it?
:rolleyes:
Except you missed the point.
You heard the word “extension” without thinking about what was being “extended.” They extended a tax CUT, they didn’t extend a TAX. There was never a chance that the estate tax was going away.
You guys get worked up over anything without actually understanding what’s being done. Do I prefer no death tax? Yes but that wasn’t a possible outcome with the house vote. They could EITHER vote to extend the tax cut OR they could let it expire and your tax rate goes UP. You pick which is better.
Honestly I’m tired of self-described conservatives who shriek about the Constitution but have very little understanding of how it practically works. If pointing that out makes me an asshole, well then tough, I’m telling you the truth. Grow up.
If you’re spending that money to protect your kids estate that means you have at least a $3.25 million dollar estate, if that’s the case then you’re doing quite well. You’re right I do wish I had your problems.
If you’d prefer to wallow in ignorance than actually put some effort into figuring out how your system of government actually works that’s your choice.
Your original thread posting was either accidentally or deliberately misleading.
That the “conservative bandwagon” jumped on without actually putting any critical thought into that original post that was so disheartening.
Conservatives used to know what they’re talking about… now they get their talking points spoon-fed to them by Hannity and Beck.
I’ve said my piece and now you’re free to proceed with your circle-jerk.
Let’s be less grumpy on teh intrawebs.
Aiight?
Nevermind.
Okay, I asked nice and we can see where that got us.
Is winning teh intrawebs that important?
Interesting article, thanks Z. ;)