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GSLevel9
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Wed Jan-05-11 01:04 PM Original message |
Explain the logic of the estate tax. |
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oldhippie
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Wed Jan-05-11 01:10 PM Response to Original message |
1. It's a way to take wealth from the rich ..... |
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niceypoo
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Wed Jan-05-11 08:40 PM Response to Reply #1 |
46. I thought all the redistribution went the other way... |
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SharonAnn
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Wed Jan-05-11 10:16 PM Response to Reply #1 |
52. Much of the wealth in estates has never been taxed. It's from appreciation. |
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alfredo
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Wed Jan-05-11 11:56 PM Response to Reply #1 |
60. It was to prevent a permanent ruling class like they |
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RandomThoughts
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Wed Jan-05-11 01:11 PM Response to Original message |
2. Lots of arguments on that. |
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GSLevel9
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Wed Jan-05-11 01:20 PM Response to Reply #2 |
10. well written and clear, thanks. |
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HuckleB
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Wed Jan-05-11 01:36 PM Response to Reply #10 |
22. If you sell the painting, you will pay taxes on the profits, right? |
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muriel_volestrangler
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Wed Jan-05-11 02:02 PM Response to Reply #10 |
31. "after my death, does my control over it also die?" Yes |
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hfojvt
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Wed Jan-05-11 06:05 PM Response to Reply #10 |
43. the other part is that much of the wealth is not already taxed |
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RandomThoughts
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Wed Jan-05-11 09:53 PM Response to Reply #10 |
49. It has been explained before that much of what is income. |
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rfranklin
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Wed Jan-05-11 01:12 PM Response to Original message |
3. There are ways to transfer your "empire" with minimal taxes... |
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PBS Poll-435
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Wed Jan-05-11 01:13 PM Response to Original message |
4. Income is irrelevant regarding the estate tax, imho |
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Cassandra
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Wed Jan-05-11 01:14 PM Response to Original message |
5. There are not so many small businesses that do that well... |
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GSLevel9
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Wed Jan-05-11 01:26 PM Response to Reply #5 |
15. great points. |
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Cassandra
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Wed Jan-05-11 02:06 PM Response to Reply #15 |
32. If you inherit the villa... |
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northzax
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Wed Jan-05-11 05:40 PM Response to Reply #32 |
37. your basis is the last time the property transferred hands |
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dpibel
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Wed Jan-05-11 05:37 PM Response to Reply #15 |
36. No, you won't |
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Sal Minella
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Wed Jan-05-11 01:17 PM Response to Original message |
6. Based on the premise of "You can't take it with you," |
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slackmaster
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Wed Jan-05-11 01:18 PM Response to Original message |
7. It's a way of preventing people getting large sums of money that they didn't earn... |
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dpibel
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Wed Jan-05-11 05:43 PM Response to Reply #7 |
39. "Other people who also didn't earn it" |
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slackmaster
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Wed Jan-05-11 05:49 PM Response to Reply #39 |
41. Thank you. I see much of federal military spending as pissing money down a rat hole. |
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fascisthunter
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Wed Jan-05-11 01:20 PM Response to Original message |
8. To Keep Aristocracy at Bay |
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crazylikafox
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Wed Jan-05-11 05:40 PM Response to Reply #8 |
38. +1000 |
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TBF
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Wed Jan-05-11 01:20 PM Response to Original message |
9. "Greed of the Government Pig"? Is that what I'm reading? |
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GSLevel9
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Wed Jan-05-11 01:23 PM Response to Reply #9 |
13. that would be the government PIG that spends Trillions on WAR. |
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niceypoo
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Wed Jan-05-11 08:42 PM Response to Reply #13 |
47. You are making GOP arguments |
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napi21
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Wed Jan-05-11 01:21 PM Response to Original message |
11. I can tell you how a tax accountant explained it to me once. |
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dipsydoodle
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Wed Jan-05-11 01:23 PM Response to Original message |
12. In the UK |
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denverbill
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Wed Jan-05-11 01:24 PM Response to Original message |
14. Here what the internet says. |
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Warren DeMontague
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Wed Jan-05-11 01:27 PM Response to Original message |
16. Everybody hates Paris Hilton. What more logic do you need? |
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GSLevel9
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Wed Jan-05-11 01:30 PM Response to Reply #16 |
20. best post of the thread nt |
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Zoeisright
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Wed Jan-05-11 01:28 PM Response to Original message |
17. It's the inheritors who are paying the tax, not the deceased. |
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laconicsax
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Wed Jan-05-11 01:29 PM Response to Original message |
18. If your hypothetical dry cleaning magnate wants their 'heirs' to take over the family empire... |
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truebrit71
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Wed Jan-05-11 01:48 PM Response to Reply #18 |
27. Exactly. I can think of no-one that builds up an 'empire' of $10 mill that hasn't figured out a way |
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Name removed
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Wed Jan-05-11 01:29 PM Response to Original message |
19. Deleted message |
Democrats_win
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Wed Jan-05-11 01:30 PM Response to Original message |
21. In 2011 it's simple: THEY owe the money to help US pay China. |
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SouthernLiberal
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Wed Jan-05-11 01:42 PM Response to Original message |
23. Money is not taxed - the transfer of money is taxed |
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GSLevel9
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Wed Jan-05-11 01:46 PM Response to Reply #23 |
26. another great thought provoking post... nt |
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Kaleva
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Wed Jan-05-11 11:42 PM Response to Reply #23 |
58. +1 |
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MilesColtrane
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Wed Jan-05-11 01:42 PM Response to Original message |
24. It's so self evident, I'll let a Republican explain it. |
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Serial Mom
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Wed Jan-05-11 01:42 PM Response to Original message |
25. Stock Market is where most the 'family' money is made... |
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lumberjack_jeff
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Wed Jan-05-11 01:48 PM Response to Original message |
28. It isn't the family's hard work. |
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blondeatlast
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Wed Jan-05-11 01:50 PM Response to Reply #28 |
29. Kudos, lj... |
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Warpy
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Wed Jan-05-11 01:52 PM Response to Original message |
30. They have built that empire for themselves. It's an ego game |
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Geoff R. Casavant
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Wed Jan-05-11 04:27 PM Response to Original message |
33. That's just it -- based on your own example: |
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Odin2005
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Wed Jan-05-11 04:31 PM Response to Original message |
34. To prevent the development of an aristocracy. |
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ttwiddler
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Wed Jan-05-11 05:23 PM Response to Original message |
35. Two reasons |
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onethatcares
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Wed Jan-05-11 05:46 PM Response to Original message |
40. this has been the best thought provoking thread I've read about this subject |
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ChazII
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Wed Jan-05-11 08:31 PM Response to Reply #40 |
45. +1000 n.t |
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flying rabbit
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Wed Jan-05-11 09:55 PM Response to Reply #45 |
50. +1001 |
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dpibel
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Wed Jan-05-11 05:51 PM Response to Original message |
42. About the double taxation argument |
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proud patriot
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Wed Jan-05-11 06:09 PM Response to Original message |
44. Our founders felt inheriting wealth was would lead to inequity |
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eridani
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Wed Jan-05-11 09:11 PM Response to Original message |
48. Why should you have the right to create a class of parasites? |
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timtom
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Wed Jan-05-11 09:56 PM Response to Original message |
51. Here it is in syllogystic form: |
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rucky
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Wed Jan-05-11 10:21 PM Response to Original message |
53. By the same logic, lots of money is "double taxed" |
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grahamhgreen
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Wed Jan-05-11 11:03 PM Response to Original message |
54. Because they owe the money to the society that allowed them to create the wealth |
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quaker bill
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Wed Jan-05-11 11:20 PM Response to Original message |
55. Basic macroeconomics |
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pitohui
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Wed Jan-05-11 11:30 PM Response to Original message |
56. some people actually love their children |
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Gold Metal Flake
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Wed Jan-05-11 11:49 PM Response to Reply #56 |
59. +1 |
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Jakes Progress
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Wed Jan-05-11 11:39 PM Response to Original message |
57. It's common sense. |
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krispos42
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Thu Jan-06-11 01:22 AM Response to Original message |
61. To prevent an American aristocracy, a huge class of "idle rich" idiots like GWB. |
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