Trump cheats at golf - the ONE and ONLY politics thread

Obama started out with a lot of debt which was actually Bush's, because Bush had refused to put the $2 trillion in wars on the books.

 

What BTE said. It's also a progressive tax, with the rate at 7.7 percent up to $10 million. So a $10 million estate would pay a tax of roughly $400,000.

And to the talk of double taxation, that money has in most cases NOT been taxed previously -- if it is in a retirement account or real estate, it could have grown for 50 or more years without a penny of taxes.

The estate tax affects 0.2 percent of American households.

 

Here's a link:

Ten Facts You Should Know About the Federal Estate Tax | Center on Budget and Policy Priorities

Only roughly 20 small business and small farm estates nationwide owed any estate tax in 2013, according to TPC.[10] TPC’s analysis defined a small-business or small farm estate as one with more than half its value in a farm or business and with the farm or business assets valued at less than $5 million. Furthermore, TPC estimates those roughly 20 estates owed just 4.9 percent of their value in tax, on average.[11]

 

Whose money is it in the first place? If we can decide take someone's money in death, why not just take it now while they're alive?

Estate Taxes Are Indeed Immoral

 

Or you could just take it from the people it's actually hurting.

Horror Stories | Death tax, Estate tax, repeal Death taxes, repeal estate tax, death tax repeal, repeal death tax, estate tax repeal

 

You keep avoiding facts and posting opinion pieces. We know the opinions of the wingnut no-taxes-ever group. We don't need to see those useless links.

As to the why not take it when someone is alive ... because that person theoretically could need the money. Can't argue a dead man needs it, except for Elvis and Tupac.

 

He's still a Democrat.

 

That still doesn't make it the government's money. If an alive person theoretically could need the money, why couldn't a man's alive children or spouse ever need it? What you're arguing is that the government has rights to people's belongings before that person's descendants do. That's wrong and immoral. You don't work all your life for the government, you work all your live to provide for you and your family. You guys believe you are really good at deciding what everyone else should or shouldn't have.

 

I'd tax the fuck out of the rich after what they've done to the middle class. Payback is hell.

 

This was a founding principle of the country. The men I cited earlier wrote chapter and verse about how they did not want America to become a place like the one(s) they left, where the same families held sway for centuries and lived in a different society than everyone else.

So we now have a system where:

1) Money grows without being taxed for decades at a time, in real estate or retirement accounts or other vehicles where income remains unrealized

2) An estate of $10 million is taxed $400,000.

To argue that this system is against American values is to know nothing about the history of it. Par for the course for you these days.

Really, I know you go back and forth with everyone here, but of late you have shown a remarkable contempt for facts even for you.

 

If you want to talk about founding principles, how about the founding principle that the people have inherent rights and the Constitution is to keep government at bay from taking those rights? If you're really worried about founding principles, you'd be working to scale back the behemoth that government has become.

 

If you truly want to get down to core beliefs, it's not your money or your family's. Isn't it God's?