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There is a term for this; "lucky sperm." :rofl

LOL! Good description of the Republican tax incentive program.

We need to reward those lucky sperm with special low tax rates.
 
Feudalism, Meritocracy? You abuse the English language in your desperate defense of Governments confiscation of our hard earned wealth?

Do I think trust fund babies would spend their money wiser than the Feds; ABSOLUTELY!

Why are you stating this? Here was my question: "Do you think the trust fund babies will spend their money any wiser than those who work for it?"

Main Entry: feudalism !fyU-d/ul-+i-zum
Pronunciation: \ ˈfyü-də-ˌli-zəm \
Function: noun
Date: circa 1818
Results
1. 1 the system of political organization prevailing in Europe from the 9th to about the 15th centuries having as its basis the relation of lord to vassal with all land held in fee and as chief characteristics homage, the service of tenants under arms and in court, wardship, and forfeiture

2. 2 any of various political or social systems similar to medieval feudalism

Main Entry: meritocracy +mer-u-!t@-kru-sE
Pronunciation: \ ˌmer-ə-ˈtä-krə-sē \
Function: noun
Inflected Form(s): plural mer·i·toc·ra·cies,
Etymology: 1merit + -o- + -cracy
Date: 1958
Results
1. 1 a system in which the talented are chosen and moved ahead on the basis of their achievement

2. 2 leadership selected on the basis of intellectual criteria

Taxing folks who work and not the lucky sperm is a lot closer to the former than the latter.
 
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Because the wealthiest people in this country, pretty much the world, are Liberals who support the Democrat party. Your partisan comments border on absurdity some times; well many times.

It's been the Republicans who passed laws to eliminate the estate tax and lower the investment tax, not Dems. Your typically partisan comment is meritless.

And I think assets someone gets should be taxed under the same rate structure, regardless of where or how they get it and whether they are Dem Rep or something else.

I've never said anything to indicate otherwise.
 
It's been the Republicans who passed laws to eliminate the estate tax and lower the investment tax, not Dems. Your typically partisan comment is meritless.

.

The estate tax limit is 2 million.

For a person dying during 2006, 2007, or 2008, the "applicable exclusion amount" is $2,000,000, so if the sum of the taxable estate plus the "adjusted taxable gifts" made during lifetime equals $2,000,000 or less, there is no federal estate tax to pay. According to the Economic Growth and Tax Relief Reconciliation Act of 2001, the applicable exclusion will increase to $3,500,000 in 2009, the estate tax is repealed in 2010, but then the act "sunsets" in 2011 and the estate tax reappears with an applicable exclusion amount of only $1,000,000 (unless Congress acts before then).

Estate tax in the United States - Wikipedia, the free encyclopedia
 
The estate tax limit is 2 million.

For a person dying during 2006, 2007, or 2008, the "applicable exclusion amount" is $2,000,000, so if the sum of the taxable estate plus the "adjusted taxable gifts" made during lifetime equals $2,000,000 or less, there is no federal estate tax to pay. According to the Economic Growth and Tax Relief Reconciliation Act of 2001, the applicable exclusion will increase to $3,500,000 in 2009, the estate tax is repealed in 2010, but then the act "sunsets" in 2011 and the estate tax reappears with an applicable exclusion amount of only $1,000,000 (unless Congress acts before then).

Estate tax in the United States - Wikipedia, the free encyclopedia

So you have that window of opportunity to inheret completely tax free starting in 20 days.
 
So you have that window of opportunity to inheret completely tax free starting in 20 days.

I usually agree with your positions. But you were dead wrong on this one.
 
Why are you stating this? Here was my question: "Do you think the trust fund babies will spend their money any wiser than those who work for it?"



Taxing folks who work and not the lucky sperm is a lot closer to the former than the latter.

Absurdity for the sake of being absurd; carry on. :roll:
 
I usually agree with your positions. But you were dead wrong on this one.

You mean by implying that the estate tax was eliminated now instead of a year from now? Yes, I'll stand corrected. I had thought we in that period already.

I'll otherwise stand by my comments though, as the Republican party has been trying to eliminate this tax for years.
 
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