teamosil
DP Veteran
- Joined
- Oct 17, 2009
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And that proposal caught my interest! Unfortunately, I found that it was $4 trillion over ten years meaning only 400 billion a year, which lowers, but does not remove, our deficit. It also included 110 billion a year by moving out of a war that was going to end anyway. Further in, the details didn't thrill me much, either.
However, as I'm not looking for perfect, I won't deny this was at least somewhat of a movement in the right direction.
using that logic of yours-which is flawed since gifts are not taxed
death tax advocates claim (without any evidence) that the Heirs did nothing to "earn" the wealth and then argue a government that already taxed the wealth when it was being created somehow deserve it more
there is that envy thing coming in again. who cares? its not your money and the fact that your parents may not have been able to leave you something in no way justifies you whining about what others were leftWithout any evidence!?!?!?!?!? Turtle, you are talking about winning the lottery through the accident of birth. There is no DESERVE in this equation.
No it doesn't....
Estate Tax
Estate and Gift Taxes
Frequently Asked Questions on Estate Taxes
Etc.
The "death tax" is just a phrase right wingers came up with in relatively recent history to try to make it sound mean to ask mega millionaires to pay taxes.
Political use of "death tax" as a synonym for "estate tax" was encouraged by Jack Faris of the National Federation of Independent Business[42] during the Speakership of Newt Gingrich.
Well-known Republican pollster Frank Luntz wrote that the term "death tax" "kindled voter resentment in a way that 'inheritance tax' and 'estate tax' do not".[43]
Linguist George Lakoff states that the term "death tax" is a deliberate and carefully calculated neologism used as a propaganda tactic to aid in efforts to repeal estate taxes. The use of "death tax" rather than "estate tax" in the wording of questions in the 2002 National Election Survey increased support for estate tax repeal by only a few percentage points.[44]
that was part of the death tax law
so tell me Haymarket why does the government deserve even a penny given all that wealth was massively taxed (some at 90%) during its accumulation? and don't your arguments apply to any estates hit by the death tax
that is spot on. Here is the modern origin of the term and it is easy to see the motivation and where it comes from
Estate tax in the United States - Wikipedia, the free encyclopedia
It is dishonest and an act of intellectual fraud to know the reality of the situation but still bow to ones ideological marching orders and engage in this travesty of language intended to deceive.
YOu are lying again. The 627 Estate Closing letter I received from the IRS referred to the amount of Ohio State DEATH TAXES
you are wrong again
Wait a minute. Your premise is fatally flawed. Anytime people point to past tax rates of 90% (as you did here) we are quickly and repeatedly told by the warriors of the right that such numbers were a fantasy and in reality the actual tax rate paid was much much lower.
So which is it Turtle?
Yeah, it was only $400 billion a year. Although that's not as far off the mark as it may seem at first glance. Most budget analysts and economists and whatnot argue that we need to cut between say $600 billion a year and $800 billion a year to balance the budget, not the full $1.4 trillion. As we pull out of the recession revenues automatically go up as more people work and get raises and companies make more profits and whatnot and spending automatically goes down as people roll off unemployment and food stamps and medicaid and whatnot. If we cut somewhere in the $600b to $800b range, we should be back on track within a couple years.
That doesn't mean we can't cut the deficit more than that. Ideally I'd like to be paying down the debt. But, $400b is actually a pretty decisive step in the right direction.
Including ending the wars faster than budgeted is a legitimate savings relative to the budget. When they say we need to cut $600 to $800b they mean relative to the existing budget not relative to current spending necessarily.
I love watching this passionate defense of the abomination known as the death tax
I produced the link and language to the official IRS site.
Teamosil produced several links on the estate tax.
You have produced NOTHING except undocumented assertions and unverified claims.
If you want to be taken seriously in debate, please present your evidence.
I love that the right wingers who try to argue against the estate tax can never actually counter the arguments in favor of it and just start desperately making emo appeals instead.
there are no sound arguments in favor of the death tax that are not based on envy or greed
there is that envy thing coming in again. who cares? its not your money and the fact that your parents may not have been able to leave you something in no way justifies you whining about what others were left
there are no sound arguments in favor of the death tax that are not based on envy or greed
ENVY is you playing the right wing version of the all purpose RACE card. And you know what you and the other warriors of the far right say when your enemies do it.
I have no problem with any parent leaving hundreds of billions of dollars to anyone they want to leave it to. I simply want them to pay tax on acquiring that income the same way all the rest of the workers pay tax on their income.
How can anyone object to that principle of equality and fair treatment under the law?
You were educated several times in the last year over the fact that even the IRS uses the term death tax
you pretended that only right wingers use this term to describe the abomination that vests upon the death of a high net taxpayer
why do you limit your rant to billions
and why are you so enamored with the government taking more and more private wealth?
do you actually BELIEVE the government needs all this money and spends it wisely?
Why do you keep moving he goal posts after you are proven wrong in your previous posts?
I do not see how anyone could object to ALL Americans paying income tax on money going into their pocket or accounts. That is the essence of fairness.
no such thing as a 'death' tax...no the real essence of fairness is not taxing ONLY those who already pay massive income taxes
lets get rid of the abomination in its entirety
(and tell me why that is wrong-the people who pay the death tax are the ones who pay 40% of the federal income taxes)
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