SkyDekker 1,465 #76 August 14, 2012 QuoteMore than likely, from their parents by purchasing it. They bought it to keep it in the family and because they love the work and lifestyle. Chuck So if they purchased it from their parents at full price, why do you have an issue with the kids "purchasing" it at almost half price? And if they sell it, somebody is most likely financing that purchase at full price. So, my question is, why would a purchasor be able to get a loan to buy the ranch at 100% of market value, but the kids would not be able to get a loan at 55% of the value? Lastly, isn't this just piss poor planning, not as if the Inhertance Tax is a big surprise. Quote Share this post Link to post Share on other sites
StreetScooby 5 #77 August 14, 2012 Quote Disagree. Taxes are not theft. So, you're saying a 100% tax would be ok?We are all engines of karma Quote Share this post Link to post Share on other sites
StreetScooby 5 #78 August 14, 2012 Quote Taxes are the cost of services provided by government. The cost of services in a competitive market are set by the market. You're implying the government can charge what ever they want for the services they perceive themselves as providing. In some circles, that's called tyranny.We are all engines of karma Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #79 August 14, 2012 Quote -------------------------------------------------------------------------------- In Reply To -------------------------------------------------------------------------------- Disagree. Taxes are not theft. -------------------------------------------------------------------------------- So, you're saying a 100% tax would be ok? What kind of nonsensical question is that? Why would you think that somebody who does not think taxes are theft is ok with a 100% tax? Look forward to seeing your reasoning. Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #80 August 14, 2012 QuoteThe cost of services in a competitive market are set by the market. You're implying the government can charge what ever they want for the services they perceive themselves as providing. In some circles, that's called tyranny. Your logic is failing again. 1. one could move to a different municipality, state, or country. 2. Too high a level of taxation and a politician is not going to get (re)elected. Quote Share this post Link to post Share on other sites
masterrig 1 #81 August 14, 2012 I can't speak for each and every farmer or rancher as to how they handle their business. Just over all, to me, the inheritance tax is a double tax and is wrong. For reasons I stated earlier. Chuck Quote Share this post Link to post Share on other sites
StreetScooby 5 #82 August 14, 2012 Quote What kind of nonsensical question is that? At this point in time, that's a rhetorical question. What is the limit of the Federal government's power to tax? Quote Your logic is failing again. 1. one could move to a different municipality, state, or country. 2. Too high a level of taxation and a politician is not going to get (re)elected. Why should I, a US citizen, be burdened with a government that exerts unlimited power? Agreed, not reelecting them is the preferred method. Preferably, our SCOTUS would exercise it's authority and limit the Federal Government's power, but they've shown they're not willing to do that. So, my question stands - where is the taxation limit?We are all engines of karma Quote Share this post Link to post Share on other sites
kallend 2,027 #83 August 14, 2012 QuoteI can't speak for each and every farmer or rancher as to how they handle their business. Just over all, to me, the inheritance tax is a double tax and is wrong. For reasons I stated earlier. Chuck How is it a double tax if the kids haven't previously been taxed on 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
masterrig 1 #84 August 14, 2012 QuoteQuoteI can't speak for each and every farmer or rancher as to how they handle their business. Just over all, to me, the inheritance tax is a double tax and is wrong. For reasons I stated earlier. Chuck How is it a double tax if the kids haven't previously been taxed on it? The parents paid taxes on it for all those years, the kids would pick-up from there. Also, do realize, that if we keep lozing family farms and ranches, we will be a total food importer in the next 25-yrs. Chuck Quote Share this post Link to post Share on other sites
StreetScooby 5 #85 August 14, 2012 Quote The parents paid taxes on it for all those years, the kids would pick-up from there. Also, do realize, that if we keep lozing family farms and ranches, we will be a total food importer in the next 25-yrs. Chuck, I think the point some folks are trying to make here is that any economic transaction undertaken between two adults should be taxed.We are all engines of karma Quote Share this post Link to post Share on other sites
masterrig 1 #86 August 14, 2012 Quote Quote The parents paid taxes on it for all those years, the kids would pick-up from there. Also, do realize, that if we keep lozing family farms and ranches, we will be a total food importer in the next 25-yrs. Chuck, I think the point some folks are trying to make here is that any economic transaction undertaken between two adults should be taxed. ...and I totally dis-agree with inheritance tax (obviously). ...and thanks!Chuck Quote Share this post Link to post Share on other sites
kallend 2,027 #87 August 14, 2012 QuoteQuoteQuoteI can't speak for each and every farmer or rancher as to how they handle their business. Just over all, to me, the inheritance tax is a double tax and is wrong. For reasons I stated earlier. Chuck How is it a double tax if the kids haven't previously been taxed on it? The parents paid taxes on it for all those years, the kids would pick-up from there. Also, do realize, that if we keep lozing family farms and ranches, we will be a total food importer in the next 25-yrs. Chuck One more time - money doesn't pay tax. People pay tax. Property taxes are the only taxes I can think of where the same person is taxed multiple times on the same thing. If you want to protest double taxation, choose a tax that really is double taxation.... 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
StreetScooby 5 #88 August 14, 2012 Quote ...and I totally dis-agree with inheritance tax (obviously). As do I. My main goal in this life is to provide for my family. The thought that the government will step in and take already taxed money away from me in that process bothers me quite a bit. Then again, our current government really doesn't value the family unit as much as it should, IMO. I'm sure you can see my point here, thus I won't bother to elaborate further.We are all engines of karma Quote Share this post Link to post Share on other sites
masterrig 1 #89 August 14, 2012 QuoteQuoteQuoteQuoteI can't speak for each and every farmer or rancher as to how they handle their business. Just over all, to me, the inheritance tax is a double tax and is wrong. For reasons I stated earlier. Chuck How is it a double tax if the kids haven't previously been taxed on it? The parents paid taxes on it for all those years, the kids would pick-up from there. Also, do realize, that if we keep lozing family farms and ranches, we will be a total food importer in the next 25-yrs. Chuck One more time - money doesn't pay tax. People pay tax. Property taxes are the only taxes I can think of where the same person is taxed multiple times on the same thing. If you want to protest double taxation, choose a tax that really is double taxation. You bet! Chuck Quote Share this post Link to post Share on other sites
masterrig 1 #90 August 14, 2012 QuoteQuote ...and I totally dis-agree with inheritance tax (obviously). As do I. My main goal in this life is to provide for my family. The thought that the government will step in and take already taxed money away from me in that process bothers me quite a bit. Then again, our current government really doesn't value the family unit as much as it should, IMO. I'm sure you can see my point here, thus I won't bother to elaborate further. Yes, I do see your point, clearly and agree 100%. Chuck Quote Share this post Link to post Share on other sites
champu 1 #91 August 15, 2012 QuoteChuck, I think the point some folks are trying to make here is that any economic transaction undertaken between two adults should be taxed. I've made my point of view regarding inheritance taxes clear previously (and consistently) so I won't waste people's finger strength by making them scroll past it again. I do find it amusing, however, that people in this thread are defending the inheritance tax against detractors by basically saying that anyone who ever has to pay it is an idiot. Pardon my French, but then what the fuck is the point? "I demand more hoops! More hoops in the status quo!" Quote Share this post Link to post Share on other sites
oldwomanc6 52 #92 August 15, 2012 John, I don't know if you have children, but your posts on this subject seem to say that the government has more claim on your money, when you pass, than your children do. Am I reading your intentions clearly?lisa WSCR 594 FB 1023 CBDB 9 Quote Share this post Link to post Share on other sites
SkydiveJonathan 0 #93 August 15, 2012 QuoteJohn, I don't know if you have children, but your posts on this subject seem to say that the government has more claim on your money, when you pass, than your children do. Am I reading your intentions clearly? A tax is a tax. Quote Share this post Link to post Share on other sites
masterrig 1 #94 August 15, 2012 Quote Quote John, I don't know if you have children, but your posts on this subject seem to say that the government has more claim on your money, when you pass, than your children do. Am I reading your intentions clearly? A tax is a tax. You seem to like taxes... I'll let you pay mine! Chuck Quote Share this post Link to post Share on other sites
champu 1 #95 August 15, 2012 QuoteA tax is a tax. If this statement is intended to be a tautological instantiation of the law of identy, then bravo. If, on the other hand, you're asserting that all taxes are the same (i.e. levied from the same authority, with equivilant purpose, and equally justifiable) then you're simply incorrect. Quote Share this post Link to post Share on other sites
StreetScooby 5 #96 August 15, 2012 champu, I've taken the liberty of reposting your comments here. +1. Quote Our system taxes economic activity, not simply transactions... earning money you worked for, spending money on products and services, paying dividends on investments. Dying, much like giving a gift or making a donation, contributes nothing to the GDP. It's taxed because enough people don't like the idea of "old money" and prefer the idea of "redistribution of wealth," not because it's "fairest of them all" or because it's "just like any other transaction. Quote The government collects taxes to pay for things that are necessary for a functional society but that the people as a whole, when left to themselves, aren't very good at providing: public education, roads, air traffic control, a military, police and public safety, regulation for safe work places, legal protection of minority rights, etc. (all those things that several posters here ridiculously suggest people give up the instant an argument against any particular tax is brought up.) The majority of taxes are levied against economic activities: payroll tax, capital gains, sales tax, etc. This makes sense, you use the economy that the government helps make possible, you pay to support that government. I'm also in agreement with progressive tax structures. If you are generating more wealth, and are benefiting more than the average person, you need to be willing to pay more to keep a good thing going for yourself. This doesn't mean you must forfeit your right to speak out against wastefulness, but as a general concept, progressive structures shouldn't give you heartburn. Property taxes are an exception. They're owed simply because I happen to own a piece of dirt. But they go to the county and provide for things that go nicely with my piece of dirt: schools, fire departments, street cleaning, lifeguards on the beach, etc. So, again, while I can always pine for a more frugal local government, I'm on board with the concept. I think this idea of parity is important in lieu of trying to come up with something "fair". I'm against the inheritance tax for the same reason I'm against a tax anytime you move more than x dollars between two of your own bank accounts. It's not an economic activity, and it has nothing to do with anything the government provides. It's an unadulterated money grab. The arguments here in favor of the inheritance tax are based on a general dislike for the concept of old money, mistrust of the [always ill-defined] rich in general, and the fact that it doesn't affect most people and few if any on these boards. Suggesting that these are reasons enough to just stop thinking about a government practice is repulsive. We are all engines of karma Quote Share this post Link to post Share on other sites
SkydiveJonathan 0 #97 August 15, 2012 Quote Quote Quote John, I don't know if you have children, but your posts on this subject seem to say that the government has more claim on your money, when you pass, than your children do. Am I reading your intentions clearly? A tax is a tax. You seem to like taxes... I'll let you pay mine! That's a Romney quote. Quote Share this post Link to post Share on other sites
masterrig 1 #98 August 15, 2012 Quote Quote Quote Quote John, I don't know if you have children, but your posts on this subject seem to say that the government has more claim on your money, when you pass, than your children do. Am I reading your intentions clearly? A tax is a tax. You seem to like taxes... I'll let you pay mine! That's a Romney quote. I don't know about that, I just calls 'em like I sees 'em. Chuck Quote Share this post Link to post Share on other sites
jcd11235 0 #99 August 15, 2012 QuoteQuote Disagree. Taxes are not theft. So, you're saying a 100% tax would be ok? Of course not. Both 0% tax and 100% tax produce zero revenue. It still wouldn't be theft, though, just bad policy.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
StreetScooby 5 #100 August 15, 2012 Quote It still wouldn't be theft, though, At this point in time, we'll have to agree to disagree on this one.We are all engines of karma Quote Share this post Link to post Share on other sites
