I said it was taxed...just like income is taxed. They are both taxed with exceptions but not taxed exactly.
That has two meanings, had you bothered to ask or been smart enough, you would have know that I was not stating that it was taxed exactly like income but taxed just as income is taxed.
I smell me some Mendacity every time I'm around your posts, why is that?
Originally Posted by WTF
I said it was taxed...just like income is taxed. They are both taxed with exceptions but not taxed exactly.The gift tax and the income tax are not even remotely close.
That has two meanings, had you bothered to ask or been smart enough, you would have know that I was not stating that it was taxed exactly like income but taxed just as income is taxed.
I smell me some Mendacity every time I'm around your posts, why is that?
They earned it, not their children nor their servants nor their favorite charity.What about farmers? A farmer dies with 1500 acres of land from which he and his family have managed a very modest lifestyle and his kids were raised to continue that lifestyle. They don't know anything else and have worked on that farm for years. It provides them with $60k in annual income after all expenses. However, the property is valued at $2k/acre. Pop dies leaving it to his kids and aging wife. Problem is that some progressive said estate taxes only punish th rich and so now they need $1.2 million to pay those taxes. They sell 600 acres to the big conglomerate farm company because they don't have that problem and now the family can't make a living on the remaining 900 acres so they sell the whole thing. Only, they get half the value because no one else has the cash to offer what it should be worth because you have done the same and stolen the 'wealth' from all the other families. Congratulations. I thought progressives were for the little guy, but you just made big agriculture the only winner.
It matters not if I like him or not, if he gives you money when he is alive, you pay taxes on it as if it were income. Why should you pay no taxes on any money he gives you in his death?
They should be taxed at the very least at the top of the income scale. It is welfare for the rich, until they fix that welfare problem, I will not condem the truely poor on actual welfare.Do you not understand that roads built, airports, Defense all helped the rich earn their money. Of course they should pay down the national debt they to contributed to. If not alive by paying poliyticians to keep their taxes low, then at least in death when no argument can be made by anyone with an ounce of common sense that children of the wealthy have earned their parents money , tax free! Originally Posted by WTF
What about farmers? A farmer dies with 1500 acres of land from which he and his family have managed a very modest lifestyle and his kids were raised to continue that lifestyle. They don't know anything else and have worked on that farm for years. It provides them with $60k in annual income after all expenses. However, the property is valued at $2k/acre. Pop dies leaving it to his kids and aging wife. Problem is that some progressive said estate taxes only punish th rich and so now they need $1.2 million to pay those taxes. They sell 600 acres to the big conglomerate farm company because they don't have that problem and now the family can't make a living on the remaining 900 acres so they sell the whole thing. Only, they get half the value because no one else has the cash to offer what it should be worth because you have done the same and stolen the 'wealth' from all the other families. Congratulations. I thought progressives were for the little guy, but you just made big agriculture the only winner.1500 acres at 2k an acre is 3 million, you are exempt from estate taxes until 5 million. The farmers's family pays nothing. The exemption is fair IMHO.
What about small business owners where the kid has worked in the business and contributed to its growth? Copy a similar situation using any small business.
You may have good intentions, but are very shortsighted. Originally Posted by tracer
Wasn't it the Miami Dolphins that had to be sold because the family coudn't pay the taxes on the team when the owner died? I wonder how many businesses have had the same situation?It was not their team to begin with. The owner died. , if he left his estate to his kids, they could have borrowed aganist the equity in the team to pay the estate taxes if they wished.....or if they wanted the money , sold the team. I love that you brought this up for two reasons:
http://articles.sun-sentinel.com/199...xes-tim-robbie Originally Posted by JD Barleycorn
1500 acres at 2k an acre is 3 million, you are exempt from estate taxes until 5 million. The farmers's family pays nothing. The exemption is fair IMHO.It is actually $5.25m and I agree that is a reasonable compromise. Most progressives would prefer the exemption lowered and/or eliminated. Most fiscal conservatives would like no estate tax.
It is actually $5.25m and I agree that is a reasonable compromise. Most progressives would prefer the exemption lowered and/or eliminated. Most fiscal conservatives would like no estate tax.well then fuc most progressives and conservatives, the art of compromise is what keeps us from killing each other. That is what the fuc is wrong with code pink and the tea tards, the bastards don't know how to compromise!
I still disagree in principle, but at least this one is eligible for compromise. Originally Posted by tracer
well then fuc most progressives and conservatives, the art of compromise is what keeps us from killing each other. That is what the fuc is wrong with code pink and the tea tards, the bastards don't know how to compromise! Originally Posted by WTFConservatives have been compromising since the 1950's, when we were the greatest country on earth. Now we are a liberal paradise and the place sucks, as do the Marines in the showers, BTW.
