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How can anyone defend the death tax? the person paid taxes on the money they made and left the proceeds to their family. How is it morally right to tax a persons wealth twice? The 99% are a bunch of hypocrites if their earnings were taxed twice they would be screaming bloody murder.
Here is one thing that you are all overlooking.........Hillary and Bill put their money where their mouth is. They certainly paid MORE than their fair share of income taxes this year, so I bet their survivors will pay the correct amount of estate tax too. They are not asking Trump, or you, to do anything they are not willing to do themselves.
That is the one thing no Trumpee can dispute, they paid a Hell of a lot of taxes and didn't try to weasel out of one penny of it...........they released their taxes for all to see. Donald Trump has not, and probably will not, release his, because he knows they show he paid nothing or very little , or that his charitable contributions were not what he claims.
Look, I hate taxes as much as anyone, but that is what the price is to support my portion of America. If you think they are bad here, some other countries would startle you.
Here is one thing that you are all overlooking.........Hillary and Bill put their money where their mouth is. They certainly paid MORE than their fair share of income taxes this year, so I bet their survivors will pay the correct amount of estate tax too. They are not asking Trump, or you, to do anything they are not willing to do themselves.
That is the one thing no Trumpee can dispute, they paid a Hell of a lot of taxes and didn't try to weasel out of one penny of it...........they released their taxes for all to see. Donald Trump has not, and probably will not, release his, because he knows they show he paid nothing or very little , or that his charitable contributions were not what he claims.
Look, I hate taxes as much as anyone, but that is what the price is to support my portion of America. If you think they are bad here, some other countries would startle you.
Don
The price to support America would go down if more people had decent paying jobs and we wouldn't need to be taxed as heavily IF everyone was chipping in.
As far as the Clinton "earnings", they reek of corruption. Gee, if I got $500,000 for one speech, I would be OK with "my fair share". Of course, there is the money laundering foundation to help out also.
I have heard plenty of people in that 99% who don't like the death tax and even more who think the Clintons are cheats.
How can anyone defend the death tax? the person paid taxes on the money they made and left the proceeds to their family. How is it morally right to tax a persons wealth twice? The 99% are a bunch of hypocrites if their earnings were taxed twice they would be screaming bloody murder.
It's indefensible. It is the most immoral tax on the books. It robs families of what rightfully belongs to them, and I agree with you 100% when you point out that taxes have already been paid on the money when it was earned. This is double taxation, without a doubt.
How can anyone defend the death tax? the person paid taxes on the money they made and left the proceeds to their family. How is it morally right to tax a persons wealth twice? The 99% are a bunch of hypocrites if their earnings were taxed twice they would be screaming bloody murder.
Myth 1: The estate tax is best characterized as the “death tax.”
Reality: Everybody dies, but only the richest 2 in 1,000 estates pay any estate tax. Myth 2: The estate tax forces estates to turn over half of their assets to the government.
Reality: The few estates that pay any estate tax generally pay less than one-sixth of the value of the estate in tax. Myth 3: Weakening the estate tax wouldn’t significantly worsen the deficit because the tax doesn’t raise much revenue.
Reality: Extending the temporary estate tax cut enacted in 2010 rather than restoring the 2009 rules would add billions of dollars to deficits. Myth 4: The cost of complying with the estate tax nearly equals the amount of revenue the tax raises.
Reality: The costs of estate tax compliance are relatively modest and are consistent with the costs of complying with other taxes. Myth 5: Many small, family-owned farms and businesses must be liquidated to pay estate taxes.
Reality: Only a handful of small, family-owned farms and businesses owe any estate tax at all, and virtually none would have to be liquidated to pay the tax. Myth 6: The estate tax constitutes “double taxation” because it applies to assets that already have been taxed once as income.
Reality: Large estates consist to a large degree of “unrealized” capital gains that have never been taxed; the estate tax is the only means of taxing this income. Myth 7: If policymakers decide to retain the estate tax, the logical top rate would be 15 percent, the same as the capital gains rate.
Reality: To match the effective tax rate on capital gains, the top estate tax rate would need to be about 45 percent. Myth 8: Eliminating the estate tax would encourage people to save and thereby make more capital available for investment.
Reality: Eliminating the estate tax would not substantially affect private saving, and it would greatly increase government dissaving (i.e., deficits); as a result, it would more likely reduce the capital available for investment than increase it. Myth 9: The estate tax unfairly punishes success.
Reality: The estate tax affects only those most able to pay, and the funds it raises help support a range of programs that benefit the nation. Myth 10: The United States taxes estates more heavily than do other countries.
Reality: Measured as a share of the economy, U.S. estate tax revenues are below the international average for taxes on wealth.
If Trump kicked the bucket, imagine all the poop like HilliBilli that would spill out.
If he kicked his own bucket, it would not be as Yughe as Hillary's baggage.....lol!!!
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