The False Argument for Family Farms - Death Tax (Putin, generation, lawyer)

[pghquest]

Originally Posted by Metsfan53

it's a lie they're sold that they willing swallow. They think one day they'll be at that level too so better to let all those slide now so when they get there they're all set. Then when they inevitably fail to reach the mark they lash out and blame immigrants, minorities, libs, etc....never the ones that tricked them in the first place.

wrong.. most who object to this dont ever believe they will be at that level, but we just acknowledge that its not fair. If an inheritance is income to to the recipients, thats true if the amount of money is $50K, or $5M.. changing the amount doesnt make it income for one person while non income for another.

If someone supports this, its because they are morons..

[unit731]

Originally Posted by Frank DeForrest

I'm all for people keeping their own money ( rich,poor, middle class), loopholes dont concern me.

The dead people made the money and paid taxes.

It is the living heirs - the living children who received the inheritance. That is unearned income. The living heirs never worked for this income.

Too many just don't get this fact. Too many don't understand the $5 million dollar exemption in the inheritance tax. Sad.

Some are against ALL taxes. So we do away with Police, Fire, etc. Or Military, interstate highways, etc. ?

Again, what percentage of Americans does this Inheritance affect? That number seems to be lost to many.

Maybe some forgot or never learned how to comprehend percentages.

[Frank DeForrest]

Originally Posted by unit731

The dead people made the money and paid taxes.

It is the living heirs - the living children who received the inheritance. That is unearned income. The living heirs never worked for this income.

Too many just don't get this fact. Too many don't understand the $5 million dollar exemption in the inheritance tax. Sad.

Some are against ALL taxes. So we do away with Police, Fire, etc. Or Military, interstate highways, etc. ?

Again, what percentage of Americans does this Inheritance affect? That number seems to be lost to many.

Maybe some forgot or never learned how to comprehend percentages.

the heirs now own the money, its origin shouldn't have to be justified. Did the state work for it?

Im against all taxes. If there is a need for a service the market will provide it and people will voluntarily pay for it.

Funny how some keep bringing up how few americans the tax will affect, as if it is some justification for the robbery.

[PedroMartinez]

Originally Posted by unit731

The myth of family farm estates paying the Death Tax/Inheritance tax.

The myth families losing the family farm to the Death Tax.

99.4 % of family farms do not pay any Death Tax.


“The nonpartisan Tax Policy Center estimates that only 120 farms and small business, where at least half the assets are in farm or business assets, had to pay the estate tax in 2013.”


“The U.S. Department of Agriculture estimates that with the exemptions, only 0.6 percent of farms would have to pay an estate tax.”



LINK

So who really benefits from the elimination of the "Death Tax" ?

Easy fix. States can impose a tax and then use it to benefit their citizens.

[middle-aged mom]

Originally Posted by pghquest

There is no need to change anything to have this take place because it is right now..

Buffet nor Gates will pay a dime in inheritance taxes, despite being the wealthiest individuals in the nation.

Both have pledged their wealth to charity.

[bentlebee]

Originally Posted by unit731

The myth of family farm estates paying the Death Tax/Inheritance tax.

The myth families losing the family farm to the Death Tax.

99.4 % of family farms do not pay any Death Tax.


“The nonpartisan Tax Policy Center estimates that only 120 farms and small business, where at least half the assets are in farm or business assets, had to pay the estate tax in 2013.”


“The U.S. Department of Agriculture estimates that with the exemptions, only 0.6 percent of farms would have to pay an estate tax.”



LINK

So who really benefits from the elimination of the "Death Tax" ?

I hear you. I guess you have no money or not much money and don't care if others pay death tax which is actually tax over money that was already taxed or subject to tax during the persons life.

In Europe we have death tax and it is horrible. We even have to pay over there over the part of a property you inherit EVEN if you don't get one penny until the house is sold! We had that happen ourselves and that's shocking!

[Metsfan53]

Originally Posted by pghquest

wrong.. most who object to this dont ever believe they will be at that level, but we just acknowledge that its not fair. If an inheritance is income to to the recipients, thats true if the amount of money is $50K, or $5M.. changing the amount doesnt make it income for one person while non income for another.

If someone supports this, its because they are morons..

then why are same posters gleeful over elimination of SALT exemptions? So it's not really about that is it?

[pghquest]

Originally Posted by unit731

The dead people made the money and paid taxes.

It is the living heirs - the living children who received the inheritance. That is unearned income. The living heirs never worked for this income.

I stopped here because that also means a $5000 inheritance should also be taxed.

unearned income is unearned income no matter how much they make

[pghquest]

Originally Posted by middle-aged mom

Both have pledged their wealth to charity.

and thus avoiding taxes completely..

The left went crazy claiming charities are being subsidized by tax exempt status during Romneys election campaign, now all of a sudden, its ok..

[NCN]

Death taxes are pure theft. You should be able to leave what you want to for your family. Pure government greed in action.