No, stupid....that is the concept behind communism. Which, as you may have noticed, has never, ever succeeded.
what are you blathering about? that people like you are going to revolt, or us who pay most of the federal taxes ought to?
Table 2.5—COMPOSITION OF ‘‘OTHER RECEIPTS’’: 1940–2013—Continued
Estate and Gift Taxes (in millions of dollars)
2000 ...........................................................................................29,010
2001 ...........................................................................................28,400
2002 ...........................................................................................26,507
2003 ...........................................................................................21,959
2004 ...........................................................................................24,831
2005 ...........................................................................................24,764
2006 ...........................................................................................27,877
2007 ...........................................................................................26,044
2008 estimate ..............................................................................26,757
2009 estimate ..............................................................................26,313
2010 estimate ..............................................................................19,543
2011 estimate ................................................................................1,464
2012 estimate .................................................................................. 421
2013 estimate .................................................................................. 505
You must have a reading comprehension problem. I never said they did. I stated that some of our founders supported inheritance and estate taxes. Why are you so dishonest about this?
Let me get this straight first you accuse me of being envyous in post# 739, when I say I envy no person , you say it's moronic?
Then you say the Preamble is just a lot of nonsence?
In previous post you were complaining about government taking away your rights now you say no clue how government works.
So tell me how does government work?
So who wrote the words "WE THE PEOPLE" and what did they have in mind?eace
The words of Paul Simon come to mind from THE BOXER
"a man hears what he wants to hear and disregards the rest."
Right wingers will dismiss the language of the start of the Constitution but then put themselves though rather labored mental and verbal gymnastics to explain why one individuals letter written in support of the Constitution is suppose to be the last word on the document. Its sad.
Spin it anyway you want Turtle.
Bottom line; this country was founded on a war caused by unfair taxes.
No blathering, no fiction FACT.eace
Source: http://www.gpoaccess.gov/usbudget/fy09/pdf/hist.pdf Page 46.
Since we are in the FY2012 budget, why is the estate tax an issue now and not when it was over 50 times more with Bush?
for supporting such crap they sure didn't incorporate those feelings into the constitution. maybe they thought state governments ought to be able to do that but there is ZERO support of such parasitic taxes in the constitution
you need to read more Turtle.
go back and read how the founders supported inheritance taxes.
And the power to do so is in the Constitution.
Article I, Section 8, paragraph one
Congress shall have power to lay and collect taxes.
Notice a while back when I offered to show the articles in the constitution dealing with graded taxation there wasn't a challenge to present? It wasn't until the 16th amendment was passed in 1895 nullifying the very specific wording regarding unfair taxation that we got into the progressive tax mess. The federal got stupid after the civil war and decided it no longer had to answer to the states, the 16th was a big **** you to the people in response and they decided that apportionment equally to the states was a threat to their expansion so they went and pissed on the founders vision of taxation based upon representation with that amendment.and so tell me haymarket-what evidence do you have that such a phrase meant death taxes.
and what founders supported death taxes-how many of them? some of the founders probably supported buggery too. slavery? sure? maybe some were even cross dressers. but as a whole?
gee why do you think that is? what caused it to shrink? was it OBAMA?
As shown, the 2001 tax act would have repealed the estate tax for one year (2010) and would then have readjusted it in 2011 to the year 2002 exemption level with a 2001 top rate. However, on December 17, 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Section 301 of the 2010 Act reinstates the federal estate tax. The new law sets the exemption at $5 million per person.[21] A top tax rate of 35 percent is provided for the years 2011 and 2012.[22]
December 17, 2010
111th United States Congress
Duration: January 3, 2009 – January 3, 2011
Senate Majority: Democratic Party
House Majority: Democratic Party
gee, why didn't you post it, if you knew?
Source: Estate tax in the United States - Wikipedia, the free encyclopedia
Source: 111th United States Congress - Wikipedia, the free encyclopedia
Now, what were you saying?
I never ask a question I don't know the answer to in this sort of argument
I realize you haven't been around more than a few weeks but you will learn.
And yes I knew the answer.
gee why do you think that is? what caused it to shrink? was it OBAMA?
Why am I now your subject, instead of what you posted?
I've been around for more years than you have and this isn't the only political forum on the internet.
Why did you ask if it was Obama? The Democrats had both houses of Congress and a Democrat named Obama as President. So why did you ask:
really? really? so edify me newbie how old are you. and this is one of the NEWER forums I have been on
You must have a reading comprehension problem. I never said they did. I stated that some of our founders supported inheritance and estate taxes. Why are you so dishonest about this?
Haymarket said:establish justiceTurtleDude said:ah the old appease the losers with the money of the rich or the losers will riot? sorry, the Constitution was never designed to transfer wealth. Indeed many leftwing critics of the constitution rant that it was designed to preserve class inequality
preserve domestic tranquility
promote the general welfare
The guys who wrote that thing strongly disagree with you.
The rates I quoted are indeed real and not fantasy.
You do not like that I gave all three examples with no other deductions.
You might have a point if I took them for one category but not for the others. But my not considering deductions was applied evenly to ALL THREE EXAMPLES
As has been explained to you time and time again, laws take that into consideration and establish those parameters and definitions. Today there are limits on non taxable gifts. There would be under my proposal also.
Your argument about destruction is highly selective. If my wealth is in money, I have to "destroy" (to use your word) some of it to pay my tax obligations.
That is simple reality and the way things are. So if a person inherits farm land or real estate why should they be any different or in some protected class?
One other poster alleges the same thing. But we have seen nothing to support this claim.
Since anyone with a large enough estate can wrangle their way around estate taxes anyway, I think reform is needed. Why isn't the tax progressive like regular income tax? Why is it this confiscatory flat rate?
In 2001, the Federal estate tax on $3 million was figured with a $675,000 exemption and then 55% on the remainder. That resulted in a Federal tax of $1,278,750. State taxes vary. If I'm understanding Illinois' estate tax rate, on $3 million, the tax would be 7.5%. For God's sake, that's 62.5%. How nutz is that? We don't tax income that high. Why on earth would we tax the fruits of someone's labor that have already been taxed??
What the heck gives the government a right to confiscate?? It's thievery.
So I say exempt a certain amount....I don't know, $3 million...get rid of all of the trust loopholes and tax it progressively with the top rate being certainly no higher than the highest bracket of income tax.
This particular "hurting small business and costing American jobs" speech is beginning to sound a lot like political rhetoric. (They seem to use it for every little thing they're against, whether it's true or not.) Don't get me wrong, it IS a consideration for this discussion but unless your cousins are altruistic or sentimental they will do whatever is in their best interest without a thought for the workers or the company.no, you are missing the issue that was pointed out to you. losing 35% of $8 million dollars does not weaken the value of the next 65%. It does do so when you are taking 35% of an $8 million dollar small business or farm operation; and in the case of the small business, it could easily require it's destruction, and the firing of all of it's employees. You continue to avoid answering the question of why blue-collar employees should suffer so that you can collect more taxes from the grieving families of small business owners.
and so tell me haymarket-what evidence do you have that such a phrase meant death taxes.
and what founders supported death taxes-how many of them? some of the founders probably supported buggery too. slavery? sure? maybe some were even cross dressers. but as a whole?
My age isn't any of your business and you need to start sticking to the subject and give up on your ad hom name calling!
I've been around for more years than you have and this isn't the only political forum on the internet.
:
cpwill
Your latest post contains nothing new. It is but a rehash of tired arguments that have already been thoroughly rebutted and discredited. To repeat the same old tired nonsense about nobody pays those rates, or taxes hurt the little rich guys but not the uber rich guys is just silly rhetoric that has been smashed and trashed repeatedly.
In the end there is one thing you cannot get around with all your right wing rationalizations: the federal government openly discriminates with preferential tax rates allowing people who get money from capital gains and inheritance at far lower rates than the same amount of money in wages.
All of your rhetoric, all of your claims, all of your boasts, and all of your belittling towards me does not change that one iota.
A person who makes a cool million in wages pays over twice what a person making that same amount in capital gains does in income tax and the person who inherits that same million pays NOTHING.
That is the reality that average wage earners are totally fed up with and that is why you see numbers between 60 and 70% supporting increased taxes on the wealthy.
one of the most moronic appeals to "authority" is citing polls which suggest that many people want OTHERS to pay more taxes so they won't have to. That demonstrates why certain people are enamored with the income and death taxes which allow politicians to buy the votes of the many by taking the wealth of the few. The people who most stir this up are those who find a political advantage in appealing to envy or selfishness.
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