kallend 2,027 #151 May 23, 2011 Quote Quote Quote Estate tax is probably the most criminal of all taxes. you forget that those who inherit the money haven't earned it another one of your absolute statements that is easily disproved. How is inheriting anything considered to be earning it?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 2,027 #152 May 23, 2011 QuoteQuote i'm not too fussed about income tax. it needs to be increased but the super rich don't get much income - they get capital gains and plenty of inheritance and those offshore bank accounts all of which should be taxed more. do you think estate tax should be raised - or not? The "super rich" are WHO? Kallend says 10 million, what do you say? No I do not believe the estate tax should be raised. I ALREADY PAID my tax on my estate...why in Gods name should they tax it AGAIN after I pass? How about we raise the estate tax 10% BUT we tax everyone who isn't paying any income taxes at least 2%...run the numbers on that (if you can) and see what raises more money. According to Citizens for Tax Justice the top 1% of Americans own 40% of the nation's wealth and pay 21.5% of federal and state taxes. It's not the super rich that are getting screwed, or the poor, it's the middle class folks like you.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
catfishhunter 2 #153 May 23, 2011 Quote Quote Quote Quote Estate tax is probably the most criminal of all taxes. you forget that those who inherit the money haven't earned it another one of your absolute statements that is easily disproved. How is inheriting anything considered to be earning it? A better question is why does anyone think they have a right to take the property of a dead person. What logic other then "you have more then me and since I have the power I'm going to take it from you" As for earning it it was earned and taxed., Whatever happens to it after that shouldn't be anyone's f'n business. P.S. Don't come back with well what if they used it hire a hitman or something else retarded.... MAKE EVERY DAY COUNT Life is Short and we never know how long we are going to have. We must live life to the fullest EVERY DAY. Everything we do should have a greater purpose. Quote Share this post Link to post Share on other sites
billvon 2,991 #154 May 23, 2011 >According to Citizens for Tax Justice the top 1% of Americans own 40% of > the nation's wealth and pay 21.5% of federal and state taxes. And according to the IRS they paid 38.02% of all income taxes in 2008. The top 5% paid 58.7% of all income taxes. I have a feeling the IRS has better access to federal taxation data. Quote Share this post Link to post Share on other sites
billvon 2,991 #155 May 23, 2011 >A better question is why does anyone think they have a right to take the >property of a dead person. Same reason they have the right to tax the property of a live person, or a piece of land, or a corporation. Because they have a right to levy taxes. Quote Share this post Link to post Share on other sites
catfishhunter 2 #156 May 23, 2011 LOL ask a stupid question :) I guess I should re phrase that huh? What reasonable reason is there to levy a tax on a person that has already paid all levy's on there personnal property with the only change being they died? How did dying become a taxable "tangible good, servies or right"? MAKE EVERY DAY COUNT Life is Short and we never know how long we are going to have. We must live life to the fullest EVERY DAY. Everything we do should have a greater purpose. Quote Share this post Link to post Share on other sites
CanuckInUSA 0 #157 May 23, 2011 QuoteHow is inheriting anything considered to be earning it? I want nothing to do with a society where governments are allowed to come in and seize the assets of families. Have we not learned enough from history how bad it is when governments seize control of private assets? If new governments revenues need to be raised (assuming government spending is also controlled which it rarely is), then consumption taxes are the best taxes to be raised. When someone wants a new product or a service they can decide for themselves can I afford to pay the consumption taxes. The hated rich will still pay taxes when they buy their mansions, their airplanes, their yachts or their Ferraris. Try not to worry about the things you have no control over Quote Share this post Link to post Share on other sites
kallend 2,027 #158 May 23, 2011 Quote Quote Quote Quote Quote Estate tax is probably the most criminal of all taxes. you forget that those who inherit the money haven't earned it another one of your absolute statements that is easily disproved. How is inheriting anything considered to be earning it? A better question is why does anyone think they have a right to take the property of a dead person. What logic other then "you have more then me and since I have the power I'm going to take it from you" As for earning it it was earned and taxed., Whatever happens to it after that shouldn't be anyone's f'n business. P.S. Don't come back with well what if they used it hire a hitman or something else retarded.... Apparently the whole concept of "tax" escapes you.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 2,027 #159 May 23, 2011 Quote>According to Citizens for Tax Justice the top 1% of Americans own 40% of > the nation's wealth and pay 21.5% of federal and state taxes. And according to the IRS they paid 38.02% of all income taxes in 2008. The top 5% paid 58.7% of all income taxes. I have a feeling the IRS has better access to federal taxation data. "All federal and state taxes" != all income taxes. And even so, 38.02 < 40... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rhaig 0 #160 May 23, 2011 QuoteQuote>According to Citizens for Tax Justice the top 1% of Americans own 40% of > the nation's wealth and pay 21.5% of federal and state taxes. And according to the IRS they paid 38.02% of all income taxes in 2008. The top 5% paid 58.7% of all income taxes. I have a feeling the IRS has better access to federal taxation data. "All federal and state taxes" != all income taxes. And even so, 38.02 < 40 wow... that's a nit if I've ever seen one. Go find a grammar, or spelling mistake. I'm sure it's less predictable.-- Rob Quote Share this post Link to post Share on other sites
DrewEckhardt 0 #161 May 24, 2011 QuoteLOL ask a stupid question :) I guess I should re phrase that huh? What reasonable reason is there to levy a tax on a person that has already paid all levy's on there personnal property with the only change being they died? Americans as a whole would rather live in McMansions, drive new cars, and hang big screen TVs on their walls instead of saving for retirement and leaving something for the tax man. Since they won't be affected by inheritance taxes they won't oppose them while alive. Higher taxes without negative political ramifications are a reasonable way for legislators to raise revenues. Quote Share this post Link to post Share on other sites
kelpdiver 2 #162 May 24, 2011 Quote Quote Quote Quote Estate tax is probably the most criminal of all taxes. you forget that those who inherit the money haven't earned it another one of your absolute statements that is easily disproved. How is inheriting anything considered to be earning it? that was pretty clearly answered with a few examples, starting with the multigenerational family business. Working for your parents is no different than working at a startup with options. You are doing something to earn it. Are you doing enough to "deserve" it or "earn" it is a value judgment, but DD's falsehood is that no one does ANYTHING to earn an inheritance. I know you're far more careful to avoid absolute statements (or even vaguely definitive statements), so I imagine you want try to back his claim. Quote Share this post Link to post Share on other sites
kallend 2,027 #163 May 24, 2011 Quote Quote Quote Quote Quote Estate tax is probably the most criminal of all taxes. you forget that those who inherit the money haven't earned it another one of your absolute statements that is easily disproved. How is inheriting anything considered to be earning it? that was pretty clearly answered with a few examples, starting with the multigenerational family business. Working for your parents is no different than working at a startup with options. You are doing something to earn it. Are you doing enough to "deserve" it or "earn" it is a value judgment, but DD's falsehood is that no one does ANYTHING to earn an inheritance. I know you're far more careful to avoid absolute statements (or even vaguely definitive statements), so I imagine you want try to back his claim. OK, so you really can't justify that you earned it, you just happen to have a favored position in a family business. Like Paris Hilton.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 2,027 #164 May 24, 2011 QuoteQuoteQuote>According to Citizens for Tax Justice the top 1% of Americans own 40% of > the nation's wealth and pay 21.5% of federal and state taxes. And according to the IRS they paid 38.02% of all income taxes in 2008. The top 5% paid 58.7% of all income taxes. I have a feeling the IRS has better access to federal taxation data. "All federal and state taxes" != all income taxes. And even so, 38.02 < 40 wow... that's a nit if I've ever seen one. . Troubled when it comes to details, aren't you?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
billvon 2,991 #165 May 24, 2011 >What reasonable reason is there to levy a tax on a person that has >already paid all levy's on there personnal property with the only change >being they died? Same reason you can charge sales tax on money you have already paid income taxes on. Quote Share this post Link to post Share on other sites
mirage62 0 #166 May 24, 2011 Quote "All federal and state taxes" != all income taxes. And even so, 38.02 -------------------------------------------------------------------------------- wow... that's a nit if I've ever seen one. . -------------------------------------------------------------------------------- Troubled when it comes to details, aren't you? Come on Kallend your better than thisKevin Keenan is my hero, a double FUP, he does so much with so little Quote Share this post Link to post Share on other sites
mirage62 0 #167 May 24, 2011 Quote how about raise it to 90% of anything over a couple of million (so still plenty for the children of the rich to get on with). So make it 3 million...after that you's take 90%? Ok everything over 3 million I'm going to buy color t.v.s and give it to my kids and still fuck your insane gov out of the money. There all done Kevin Keenan is my hero, a double FUP, he does so much with so little Quote Share this post Link to post Share on other sites
kallend 2,027 #168 May 24, 2011 Quote Quote "All federal and state taxes" != all income taxes. And even so, 38.02 -------------------------------------------------------------------------------- wow... that's a nit if I've ever seen one. . -------------------------------------------------------------------------------- Troubled when it comes to details, aren't you? Come on Kallend your better than this Details can be so bothersome. Anyone with an airplane is rich - you heard it here, you rich bastard.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 2,027 #169 May 24, 2011 Quote Quote how about raise it to 90% of anything over a couple of million (so still plenty for the children of the rich to get on with). So make it 3 million...after that you's take 90%? Ok everything over 3 million I'm going to buy color t.v.s and give it to my kids and still fuck your insane gov out of the money. There all done How about 6 sigma? Seems to be fashionable in business.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kelpdiver 2 #170 May 24, 2011 Quote OK, so you really can't justify that you earned it, you just happen to have a favored position in a family business. Like Paris Hilton. working is working. Who are you to presume that they had a cushy, favored position? Just because you work in an environment where people can slack, doesn't mean it applies to all. No one in the business world gets tenure or anything remotely like it. Working the family business may have substantial opportunity costs - others will cast the same doubt as you - that it may have been a favored position. If the company goes away (say, has to be sold due to inheritance tax) and you're off looking for a new career, you have no job history. Or you have very focused work experience, which makes you a bit useless in the current job market. I'm unaware of anything Paris has done for the family business, though it's quite possible she has represented the family with outreach or foundation work. I do know that she has generated millions in earnings from her own ventures - perfume and other lux goods, as well as TV related. I know it drives you crazy and you can't admit it, but she's managed to earn enough money to support her own private aircraft lifestyle. Should show some respect for her. She could have instead done nothing in life but inherit the fortune, like the strawman you and dd like to beat. Quote Share this post Link to post Share on other sites
rhaig 0 #171 May 24, 2011 QuoteQuoteHow about we raise the estate tax 10%. how about raise it to 90% of anything over a couple of million (so still plenty for the children of the rich to get on with). didn't you know, that old rich guy, just hours before his death, gave jobs to all his heirs. They bought some of his belongings from him for a dollar apiece. There's no way around that 90% gag. Nope, none whatsoever. And I'm sure my example will be torn to pieces by at least one person if not several, but it's not the only way. Or you could all just fess up that you would like income caps. Two words "laffer curve".-- Rob Quote Share this post Link to post Share on other sites
dreamdancer 0 #172 May 24, 2011 Quote Quote Quote Quote Quote Estate tax is probably the most criminal of all taxes. you forget that those who inherit the money haven't earned it another one of your absolute statements that is easily disproved. How is inheriting anything considered to be earning it? A better question is why does anyone think they have a right to take the property of a dead person. What logic other then "you have more then me and since I have the power I'm going to take it from you" it's just another tax. same as income tax or sales tax or capital gains etc. estate tax obviously affects the rich more than the average citizen. so the perfect tax for them to pay what they owe...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
dreamdancer 0 #173 May 24, 2011 QuoteQuote how about raise it to 90% of anything over a couple of million (so still plenty for the children of the rich to get on with). So make it 3 million...after that you's take 90%? Ok everything over 3 million I'm going to buy color t.v.s and give it to my kids and still fuck your insane gov out of the money. typical attitude of the rich. me, me, me...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
dreamdancer 0 #174 May 24, 2011 QuoteNo one in the business world gets tenure or anything remotely like it. you don't know much about family businesses do you?stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
dreamdancer 0 #175 May 24, 2011 QuoteI'm unaware of anything Paris has done for the family business. you make my point...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
