Bernie Sanders: The wealthiest family in America gets a $52 billion tax break (companies, dollars)
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So it would seem that a quick summary of the first 4 responses would be: Yes, cut the estate tax. The super-rich should keep their money no matter what impact it has on the rest of society because, as a matter of basic principle, the money is theirs, plain and simple.
It seems to follow from this basic principle that property rights are worth more than human life. E.g., If a child is dying, you would not forcibly take anything from a rich person, even if it were absolutely the only option available to save the child because, in principle, the rich person's property rights are a higher priority than the child's life. Is that essentially correct?
giving tax breaks to the rich while not giving the middle class a tax break tells one all they need to know about who the Repubs and Trump actually support.
Do only wealthy family have estates?
In fact, whatever is left by anyone when they die effectively becomes their estate, even if it isn't worth much.
This "break" is essentially a break for everyone who might have a family member die someday and leave them some property/inheritance.
The super-rich should keep their money no matter what impact it has on the rest of society because, as a matter of basic principle, the money is theirs, plain and simple.
They earned it and have already paid an extraordinary amount of tax on it.
In fact, whatever is left by anyone when they die effectively becomes their estate, even if it isn't worth much.
This "break" is essentially a break for everyone who might have a family member die someday and leave them some property/inheritance.
No, but only big estates, the rich, are affected, by the tax, go to the IRS website and learn. I said I was against it, did you miss that? Oh and I went through that last year, did not hurt me in the lease bit because the estate was not all that much per the IRS.
Bernie the commie: "Your hamburger is bigger than mine."
Poor schlub trying to eat his burger in peace: "That's because I ordered the big one and you didn't"
Bernie the commie: "That's because I cant afford giant burgers! now im eating this little thing and im still hungery!"
Poor schlub trying to eat his burger in peace: "Sounds like you made a responsible decision to order the burger you could afford. please leave me alone. Im sitting here eating my burger not bothering anyone and want to eat in peace"
Bernie the commie: You jerkface richyrich thief! IM FREAKING HUNGERY AND YOU ARE GOING TO GIVE ME A BITE OF YOUR BURGER!!!!!!
Poor schlub trying to eat his burger in peace: "Dude leave me alone"
Bernie the commie: it isn't fair that you have a bigger burger. I don't care if you paid more. I want 1/4 of your burger right now! you evil bigburger non sharing capitalist pig!
There. if you cant figure out what just happened there is no hope for you and there is no point discussing the evil of socialist idiocy.
No, but only big estates, the rich, are affected, by the tax, go to the IRS website and learn. I said I was against it, did you miss that? Oh and I went through that last year, did not hurt me in the lease bit because the estate was not all that much per the IRS.
so its ok to rob people if those people aren't in ones own demographic?
A 52 billion dollar tax break sounds like a ton of money but with what I'm reading about estate taxation in this thread, estate tax doesn't sound very fair percentage-wise.
The estate is already paid for, and then some. There should be a claus with a chart such as:
1. Is this house used primarily to live in?
2. Does the owner of the estate have outstanding debt due to the government?
3. Additional property beyond the primary house and estate could be taxed at a higher rate, but below a value that doesn't jeopardize ownership because the property is already paid for and all tax history is in good standing.
4. Tax should never be used to repo property owned in good standing.
That is what I think.
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