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No, those are idiots behaving badly. Plenty of poor people behave badly too but it is not "en vogue" to bash them publically.
Quote:
Originally Posted by workingclasshero
the inheritence tax is to HIGH
why should some one pay taxes a third time on money that has already been taxed
Exactly.
We pay taxes on money earned, upon investments when capital gains are realized or dividends are paid, and upon Medicare collected. Why then, should be government also be able to rob the coffin of an individual of an additional 50% of what they leave behind?
2010 is supposed to be the year of zero inheritance tax. You can bet that the far left libs. will retroactively overthrow this legislation creating a legal boondoggle and headaches along the way for estates that have already been settled. How much did will they fail to collect from the discovered death of Casey Johnson (heiress of J&J) today alone? How many who are suffering from terminal illnesses will stop seeking treatment if it is likely they will pass this year, in hopes of better taking financial care of the loved ones they leave behind? How many people will have the "plug" pulled on them similarly?
The estate tax was born of, based in, and perpetuated by class envy. It benefits only the government. Just another symptom of Socialism. The unintended consequences of the estate tax are truly astounding.
because the first time is on the actual earrnings, the second time is on earnings of interest from investments...so I'll give them that....but a child should not be taxed on what his father earned and PAID TAXES on
Inheritance taxes should leave the heirs enough to live on without working if they choose. In today’s money, that would be up to five million or so. The rest of the inheritance should be collected by the government and redistributed as income tax relief to the lower end of the tax scale. After all we all bought the stuff that created the wealth so we should all get a post mortem rebate.
This would reduce the tendency for the hyper wealthy to sequester enough to create political and economic dynasties that interfere with the republic and the market system.
Inheritance taxes should leave the heirs enough to live on without working if they choose. In today’s money, that would be up to five million or so. The rest of the inheritance should be collected by the government and redistributed as income tax relief to the lower end of the tax scale. After all we all bought the stuff that created the wealth so we should all get a post mortem rebate.
This would reduce the tendency for the hyper wealthy to sequester enough to create political and economic dynasties that interfere with the republic and the market system.
Spoken like a true Socialist.
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