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I work hard for my money. I'm interested in concentrating all the wealth I can. That you might think I'm somehow doing the wrong thing is, quite frankly, disturbing.
So apparently you do have a problem with inheritance. You also admit that few would inherit as much as four million, so the figures are not "vast", yet you still have an issue with it. This is private family business, not corporate welfare. No one should have to pay estate tax.
You apparently have a problem with reading comprehension. Or perhaps are so committed to a particular objective that you are blinded to any and all implications of its achievement.
To say "no one should have to pay estate tax" is an ideological position which is logically viable. Very well: you believe in extreme social inequality and its political implications.
Clearly the OP doesn't believe people should be able to inherit and that the money should be seized and redistributed. I don't know how some people can sleep at night with that green monster roiling from within.
I work hard for my money. I'm interested in concentrating all the wealth I can. That you might think I'm somehow doing the wrong thing is, quite frankly, disturbing.
I work hard for my money, and have very little to show for it. Why should I pay more tax than a person who inherits wealth without working for it?
Because it is biologically impossible for you and your same sex spouse to have children. You dont pay extra so much as those having and raising children are given income credits
Quote:
Originally Posted by JasonF
This would be the reasonable approach.
Everyone has access to the same benefits/responsibilities/etc. If we want to trim some of those benefits, fine, but everyone should be treated the same.
Why am I expected to pay roughly $8000 extra in taxes every year over a straight couple with identical income? If we want to change the tax code so that instead of a marriage getting one an $8000 discount, they only get a $4000 tax break, that's fine. Heck, if they want to change it to $0, that'd be okay too, as long as everyone is treated equally.
Where is your inheritance from? A parent who worked all their lives and saved money for their kids? You know this money was already taxed in most cases, right? Now you want to tax it again?
“According to an analysis of Census Bureau data from 2000 by the Williams Institute, the median income for same-sex couples raising children was $46,200 while for married heterosexual couples raising children it was $59,600. That’s a $13,400 difference. The gap increases to $15,507 when the average income for the gay couple ($59,270) is matched up with that of the straight couple ($74,777).
Gary Gates, a scholar with the Williams Institute who has analyzed 2010 Census Bureau data for the forthcoming American Community Survey (ACS), notes that while the gap has narrowed, it still remains.
Opposite-sex couplese zero raising children have one male income, most same-sex couples raising children have zero male incomes.
The latter is double taxation. The excluded amount for estates is 5+ million, of course 150K should not be taxed. Leave the families of dead people alone.
You apparently have a problem with reading comprehension. Or perhaps are so committed to a particular objective that you are blinded to any and all implications of its achievement.
To say "no one should have to pay estate tax" is an ideological position which is logically viable. Very well: you believe in extreme social inequality and its political implications.
Where's the so-called "social inequality"? My job pays me to perform certain functions. I take the money I EARNED to pay bills and taxes. What is left over I try to put some away to save. I save for years and decide to pass that money (already taxed) on to my kids who can now use it to pay for school, house, etc. Where does it say that I am responsible for curing some phony "social inequality"?
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