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MtnnnDewww
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Doesn't make any sense. The basic reaction is "what business is of yours what the deceased does with their earned income"? To that you have really no reply of merit. None. But if that was the law of the land, 99% paid to the state at death, the rich would just give away the money, land, and business to their heirs while alive. It's done now. Above board. The envy is overwhelming. When I wasn't making any money I didn't want the rich taxed. Why would I now? The rich sign your paycheck...never forget that.- I would much rather you just put me ... Dquixote1217 16 y 2,726
- Edited #28187
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This is a reply to # 1,132,181"""The basic reaction is "what business is of yours what the deceased does with their earned income" To that you have really no reply of merit."""
The dead can not do anything with their money. They are dead. This is a bizarre Republican predatory concept that they live on in their money. Much like life begins at conception, ends at birth, then begins again after death. It is really nauseating. It is as if the money itself is alive and therefore has rights, which is Demonic or Satanic. Perhaps this is what 2Sirius finds repugnant in those with great historical fortunes and power.
Where wealth is hereditary power is hereditary-John LOcke
You have no argument to counter this. And we all know power corrupts.
""the rich would just give away the money, land, and business to their heirs while alive.""
If the government can track the money 200 million poor folks owe down to the last penny then they can track the fortunes of 20,000 super rich people. And there is a mechanism to prevent people from giving their money away. Its called the gift tax. If the people right the tax laws and not the rich people they will be a lot fairer to the majority.
http://en.wikipedia.org/wiki/Gift_tax_in_the_United_States
Why is it that a rich man such as MtnnDeww doesnt know of the gift tax. Republicans are predators, and thus they identify with predators even when they dont have the opportunity to predate on anything living or dead.- Re: The Satanic Power of Inherited M... 2Sirius
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You're nuts Rockybird! I dont despise wealth, I despise those social engeneers who sit on their asses deciding what others should do with their money!
Especially the marxist vomit you persue!
Laws are only a contract between the rich and the poor and guess what the rich always come out on top, adding laws that effect everyone leaves the unempowered with no choice in the matter, the rich simply charge more for thier resources and place the brunt of the law and the taxes it enforces on the backs of the poor!
Your marxist belief system simply takes the power away from one group and gives it to another through elimination of the classes through ethnic cleansing and genocide, but it never helps the poor!
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- Re: The Satanic Power of Inherited M... SqueakyClean
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MoreThis is a reply to # 1,132,241"The dead can not do anything with their money. They are dead."
Yes, BUT when they were alive they 1) attained the money 2) paid taxes on the money and 3) willed the money to their family or whomever they wanted to have the money. Honoring a living person's requests after they die - that's what we are talking about here. No, their money isn't "alive" but the person who earned it was, and they wanted to control what happened to it. It was their money, they have a right to decide where it goes.
Maybe they did give the maximum gift amount every year, but you know what? That's still a piddly amount if you have millions to pass on before you die.
- Re: The Satanic Power of Inherited M... 2Sirius
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- Oh, God, am I agreeing with MD? #18637
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If I'm getting this thread correctly, then I have to agree with MD. I never did understand why inheritance tax had to be paid. It's unconscionable. Are we talking about the super rich here, like the Gateses and the Trumps, etc., etc., or regular, everyday people who have accumulated a degree of money in their lives and just want to leave it to their family? I'm afraid I have to say it doesn't matter to me if you have two cents or $2 million. Taxing a dead person's estate is disgusting no matter how you slice it or dice it. It's immoral, just as much as the income tax. The problems in the here and now go far beyond the scope of these taxes on our money.Advertisement
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This is a reply to # 1,132,294
"I'm afraid I have to say it doesn't matter to me if you have two cents or $2 million"
Are you a Marxist?
The inheritance tax is for the very rich:people with millions of dollars in assets. It doesnt or shouldnt affect 99% of the population.
The sales tax is immoral, the flat tax is immoral,- Re: Taxing the dead is disgusting,li... #18637
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This is a reply to # 1,132,777I am NOT, I repeat NOT a Marxist. That doesn't even make any sense. For the very rich? What are you talking about? I inherited money from my dad a year and a half ago. There was inheritance tax, and believe me, he was far from rich. It wasn't taxed at as high a rate because I'm his daughter. Check your facts. And no, it's none of my or YOUR business how much is handed down to whom. I'm sorry, but that's the height of arrogance. Are you a Marxist; tax, tax, tax, tax into fairness? The problem is not the money itself. The problem is human nature and how people act when they get money and that will never change. Human nature cannot be legislated.Advertisement
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According to the below quote/link there is no estate tax up to 2 million for 2007 and up to 3.5 million in 2009 to 2011.
The number of people in North America with more than 1 million dollars is .62 percent of the population.
http://en.wikipedia.org/wiki/Millionaire
So if you paid a federal estate tax the estate was worth more than 2 million dollars.
How come non of you will touch this with a ten foot gold plated pole,"Where wealth is hereditary, power is hereditary. "-John Locke?
Republican philosophy;LIfe begins at conception,ends at birth,but begins again at death if there are assets(the assets are alive and have rights).
Money is God for Republicans and LIbertarians
http://en.wikipedia.org/wiki/Estate_tax_in_the_United_States
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).- Re: LIving Assets Have Rights Too! #4256
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This is a reply to # 1,133,278Why should we give .62 percent of the population this tax? Or even .0001 percent??
It doesn't matter that it's a small amount of people. That doesn't make it right.- Edited #28187
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This is a reply to # 1,133,310to steal from them. Let them rest in peace. What they had does not belong to you. It belonged to them.
- I don't want to steal... #4256
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This is a reply to # 1,133,317I do not want to steal from anyone, dead or alive, but it seems YOU think that stealing is okay.- What about respecting the dead perso... #18637
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This is a reply to # 1,133,458The LAST thing my dad wanted was another penny going to the gov't. What about respect for all his years of work and letting his money go to whomever he wished? I can't believe what I'm hearing. It's so incredibly arrogant.
- Edited #28187
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This is a reply to # 1,133,519the Kennedy,Rockefeller,Rothschild,Dupont, or your fathers super fortune being passed on to their heirs so they can control us. (Less than 2 million I dont care about)
Predators will be Predators.
The Elite Super Rich are about to finish their destruction of the Great American Experiment in Middle class democracy, cant you see that?
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- Re: LIving Assets Have Rights Too! chris10
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I can't believe that less than one percent of the people in ,the U.S. have a net worth of one million . If you own two crack houses in Compton or a small shack in Pasadena , you are worth more than one million dollars.
When John Locke was around , property was almost the only source of wealth , whereas today there are many other ways to aquire wealth .- Edited #28187
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The figures are for real assets of one million not merely owning a house. MOst people who live in their houses owe a lot of money on them and most people do not own two 500,000 dollar houses.
Today you can acquire wealth by drug dealing,corporate welfare (GB and Co.),stock market gambling,the lottery,government pensions,insurance fraud,
But that doesnt change Lockes statement, that where wealth is hereditary power is hereditary. And hereditary power is corrupt power
- Re: hereditary power is corrupt powe... chris10
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This is a reply to # 1,133,323The houses in my neighborhood are over two million dollars any many people have at least one million in equity.
Many people aquire wealth legitimately . What crimes did Warren Buffet commit? Oprah Winfrey?- Edited #28187
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This is a reply to # 1,133,329Are you Royalty Chris? What makes you think your empire of billions of dollars and dozens of corporations should be passed on to your relatives when you die. Do you think you are the King of England. Republicans and Libertarians think just that. Do you want to live in a society of Royalty. Cant anybody see the Elite Rich have been running this country and look what they are doing, endless wars for corporate welfare,endless immigration for slave labor.
- Re: Getting Rich and Leaving It to S... chris10
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This is a reply to # 1,133,442Rockybird,
Rich people pay their own rent or mortgage , pay for their own health insurance ( mine is over 4,000/yr), pay for their children's college tuition ,pay for their own food clothing transportation etc , whereas welfare moms get these things for free.Most millionaires earned their money . If you give a person of low intelligence a million dollars , he will end up broke in a few years.
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- Re: hereditary power is corrupt powe... chris10
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- Re: LIving Assets Have Rights Too! #18637
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My dad's estate was not worth $2 million, and there was a tax paid. My brother was executor, so if you'd really like, I'll get details from him. Your quote is probably true for vast wealth. I DID NOT inherit vast wealth in any way. I'm sorry, but I repeat that human nature is the problem. Correct human nature (impossible), end of problem. It is WRONG to take a dead person's money no matter what. Who are you to make that decision?- Edited #28187
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" It is WRONG to take a dead person's money no matter what. Who are you to make that decision?"
Who do I have to be? I have my opinion and I'm sticking to it. You are not royalty, you didnt earn the money, and the fact that you may or may not be genetically related to your father is not a reason why you are entitled to it. The public good must outweigh the greed of the individual.
YOu , just like many here, think you have an inalienable right to property, but that was never put in the Dec. of Independence or Constitution.- Re: People are no good. #18637
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This is a reply to # 1,133,775my father and anyone else has a right to leave the fruits of their labors to whomever they damn well please whether you like it or not, period, end of story. you are not supreme emperor, i am not royalty and you have no right to decide where someone's money goes when they die. i repeat -- that is not your decision. that is the decision of the person leaving the money and no one else's. thank god that your socialistic mindset in this matter is not yet the law; however, it will be one day unfortunately. be careful what you wish for. you just might get it, rb. and to paint everyone with the broad brush of "people are no good" is just plain ignorance and bias. you live in a very strange dichotomy. you seem so level-headed on some issues. i wonder how you would feel if you made a million in your lifetime and then were told that you are not "allowed" to leave it to your wife or your children. i have no doubt that you'd be singing a different tune then. who in the h-e-double hockey sticks do you think you are????? at least i know i'm nobody and do not have all the answers.
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I just dont have all the questions. Or at least the right questions.
My understanding is the wife with no prenuptial agreement just acquires the husbands property. Since she was a part owner there is no tax or transfer. If the husband tried to make a will cutting her off it would not work. But I am not an expert on the subject.
It is a strange world where I live, halfway between the gutter and the stars. You speak of the greater wrong of the right. I speak of the logic of socialism.
It does seem as if everything appears as a dichotomy. If you feed all the poor you end starving. If you dont feed them they die and you failed. There is no way you can be fair to everyone. Somebody gets shafted,either the rich or the poor.From a rich persons point of view socialism is the ability to enslave everyone other than the rich. So if your not rich you are already their slave you just dont know it,they can tax your money while they get exemptions,they can draft you and send you to war while their kids go to private schools.
How old are you? If your about 20 I would start planing for a very different world.Advertisement
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- Re: I have all the answers and you a... #69264
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This is a reply to # 1,134,520Even without a prenup, property aquired before marriage is separare property in most states and can be willed to a third party.
That's right Rockybird, most rich people today send their children to private schools and they pay the tuition whereas the poor go to public schools paid for by the tax dollars of the rich and the middle class.
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