Viejo Dinosaur Posted December 11, 2016 Report Share Posted December 11, 2016 Tell us how it helps the average working class stiff... Only the billionaires are laughing....along with trump and his family and friends.... Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted December 11, 2016 Report Share Posted December 11, 2016 Life long $5 an hour clerk thinks he knows how the government should run.......can't make this shit up Quote Link to comment Share on other sites More sharing options...
IAG Posted December 11, 2016 Report Share Posted December 11, 2016 It should be repealed. Quote Link to comment Share on other sites More sharing options...
Cop Posted December 11, 2016 Report Share Posted December 11, 2016 How much U.S tax do you pay VD? Quote Link to comment Share on other sites More sharing options...
Cop Posted December 11, 2016 Report Share Posted December 11, 2016 Liberals have no problem giving other peoples money to the Government. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted December 11, 2016 Report Share Posted December 11, 2016 Estate tax repeal long overdue Quote Link to comment Share on other sites More sharing options...
BranchDavidian Posted December 11, 2016 Report Share Posted December 11, 2016 That money was already taxed as income when it was earned ( income tax ). It was taxed again on every single purchase needed to produce a profit ( sales tax ). All the fees and costs involved due to being over-regulated takes its toll and adds to the governments income.And yet, when a person manages to save something after a lifetime of being taxed, some people think that the state deserves those savings rather than the family?I guess our educational system has turned American citizens into communists after the last two generations of students have been indoctrinated by the leftists. No wonder Bernie Sanders was so popular. And, the democrats are now all-in for communism. It has failed everywhere, but we don't teach history in school anymore - we just indoctrinate. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted December 11, 2016 Report Share Posted December 11, 2016 Tell us how it helps the average working class stiff... Only the billionaires are laughing....along with trump and his family and friends....this has nothing to do with helping the working class. it has everything to do with taking money from a family because someone has died. Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted December 11, 2016 Report Share Posted December 11, 2016 I thought it wasn't taxed unless over 10million is inherited by one person Quote Link to comment Share on other sites More sharing options...
BranchDavidian Posted December 11, 2016 Report Share Posted December 11, 2016 this has nothing to do with helping the working class. it has everything to do with taking money from a family because someone has died. Actually, in theory, this is how redistribution works. Supposedly, the money stolen from the grieving families would be redistributed to all the comrades.However, what really happens is that money gets put into the state's coffers and our professional politicians get to come up with ways to get a portion into their personal pockets, while funneling the rest to the special interest that pays for their re-election campaigns.This is why it is popular with politicians. Why it would be popular with regular citizens is unfathomable, unless they actually believe that more government is good. But, anybody that believes that is beyond help. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted December 11, 2016 Report Share Posted December 11, 2016 Actually, in theory, this is how redistribution works. Supposedly, the money stolen from the grieving families would be redistributed to all the comrades.However, what really happens is that money gets put into the state's coffers and our professional politicians get to come up with ways to get a portion into their personal pockets, while funneling the rest to the special interest that pays for their re-election campaigns.This is why it is popular with politicians. Why it would be popular with regular citizens is unfathomable, unless they actually believe that more government is good. But, anybody that believes that is beyond help.you just summed up things better than I have ever seen prior. Quote Link to comment Share on other sites More sharing options...
Cop Posted December 11, 2016 Report Share Posted December 11, 2016 Actually, in theory, this is how redistribution works. Supposedly, the money stolen from the grieving families would be redistributed to all the comrades.However, what really happens is that money gets put into the state's coffers and our professional politicians get to come up with ways to get a portion into their personal pockets, while funneling the rest to the special interest that pays for their re-election campaigns.This is why it is popular with politicians. Why it would be popular with regular citizens is unfathomable, unless they actually believe that more government is good. But, anybody that believes that is beyond help. Nailed it Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted December 11, 2016 Report Share Posted December 11, 2016 people often don't know that estate tax is not only for the feds its local as well as state and in some cases can start at dollar 1 Quote Link to comment Share on other sites More sharing options...
mikeman Posted December 11, 2016 Report Share Posted December 11, 2016 Tell us how it helps the average working class stiff... Only the billionaires are laughing....along with trump and his family and friends....I heard only 5000 estate tax returns are even filed per year, it's a non factor. The truth is that no matter how much money you have, the govt doesn't deserve a dime of it when you die. You paid your taxes when you were alive, it ALL belongs to your heirs. Quote Link to comment Share on other sites More sharing options...
Viejo Dinosaur Posted December 11, 2016 Author Report Share Posted December 11, 2016 How much U.S tax do you pay VD?I file every year but like Trump do not pay....5 bucks an hour, I don't have to... Quote Link to comment Share on other sites More sharing options...
rito Posted December 12, 2016 Report Share Posted December 12, 2016 I heard only 5000 estate tax returns are even filed per year, it's a non factor. The truth is that no matter how much money you have, the govt doesn't deserve a dime of it when you die. You paid your taxes when you were alive, it ALL belongs to your heirs.Yea, atleast it's around 5m exempt now. When my grandfather died it was way less and they got nearly 50% of everything. Quote Link to comment Share on other sites More sharing options...
FairWarning Posted December 12, 2016 Report Share Posted December 12, 2016 Yea, atleast it's around 5m exempt now. When my grandfather died it was way less and they got nearly 50% of everything.That's just brutal. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted December 12, 2016 Report Share Posted December 12, 2016 Yea, atleast it's around 5m exempt now. When my grandfather died it was way less and they got nearly 50% of everything.Over 10m per couple too. Thus the reason there aren't many impacted. Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted December 12, 2016 Report Share Posted December 12, 2016 I thought it wasn't taxed unless over 10million is inherited by one personRecearched......$5,490,000........that's the amount you need to inherit before penalty.......I'm probably the only mthrfvcker here that had to worry about it and it doesn't even bother me.. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted December 12, 2016 Report Share Posted December 12, 2016 Teddy will you be holding a forum contest once you inherit your 10s of millions?? Gotta share the wealth! Maybe a teddy sponsored bash where you pick up the tab for travel , food, booze, coke, and Asian strippers?? Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted December 12, 2016 Report Share Posted December 12, 2016 In one word .......YES!!!!! Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted December 12, 2016 Report Share Posted December 12, 2016 Just take us fishing for afternoon at Lake near your home. Have some bbq brought in. Some beer. Ice cream bars Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted December 12, 2016 Report Share Posted December 12, 2016 Done Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted December 12, 2016 Report Share Posted December 12, 2016 Once again just for the record....my mom had me at 17yrs old ......I'm 47 so she's only 64 with both her parents (my grandparents) still alive in their 90's.......I doubt I'll ever see any inheritance ......she lives right and me not so much......maybe my son will throw a bash your way, he has a better chance of seeing any money Quote Link to comment Share on other sites More sharing options...
IAG Posted December 12, 2016 Report Share Posted December 12, 2016 Over 10m per couple too. Thus the reason there aren't many impacted. There are two numbers. One is annual gifting max, and one lifetime max...annual gifts do not go against the lifetime max as long as you do not excede annual amount (approx 14k per person) Lifetime max is the 5 million total. It is not doubled for a couple. You can give a husband and wife each the annual amount of 14k, but you do not get to double the lifetime max to 10 million. If you have over 5 million to pass on, one should start annual giving early 14k (or 28k per couple) til you get down to the 5 mill mark. Quote Link to comment Share on other sites More sharing options...
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