Current Events > So Trump's tax plan eliminates the estate tax

Topic List	Page List: 1, 2
creativerealms 11/02/17 9:46:59 PM #51:	It also eliminates the Johnson Amendment and that's a bad thing. --- No sig. <cite>creativerealms posted [p:889654470] in So Trump's... [t:75948567]...</cite> <quote>It also eliminates the Johnson Amendment and that's a bad thing.</quote> ... Copied to Clipboard!
Nikra 11/02/17 9:47:07 PM #52:	Poor people in general don't vote. So why help them? America in a nutshelf. It's all about the middleclass and the rich. No one gives a crap about the millions of poor people. <cite>Nikra posted [p:889654478] in So Trump's... [t:75948567]...</cite> <quote>Poor people in general don't vote. So why help them? America in a nutshelf. It's all about the middleclass and the rich. No one gives a crap about the millions of poor people.</quote> ... Copied to Clipboard!
treewojima 11/02/17 9:47:56 PM #53:	fluffygerm is fluffygerming <cite>treewojima posted [p:889654532] in So Trump's... [t:75948567]...</cite> <quote>fluffygerm is fluffygerming</quote> ... Copied to Clipboard!
FLUFFYGERM 11/02/17 9:48:03 PM #54:	Anyway, I think the real problem is that some people are jealous of the few who are fortunate enough to be able to pass wealth to their children. So instead of working to make their own wealth that they can pass on to their own children, they want to dip more fingers into other people's livelihood. There's nothing ethical about trying to regulate how much someone can give to their family. Sorry, not sorry. It's not up to a nanny government to decide what's too much and what isn't. <cite>FLUFFYGERM posted [p:889654542] in So Trump's... [t:75948567]...</cite> <quote>Anyway, I think the real problem is that some people are jealous of the few who are fortunate enough to be able to pass wealth to their children. So instead of working to make their own wealth that they can pass on to their own children, they want to dip more fingers into other people's livelihood. There's nothing ethical about trying to regulate how much someone can give to their family. Sorry, not sorry. It's not up to a nanny government to decide what's too much and what isn't.</quote> ... Copied to Clipboard!
creativerealms 11/02/17 9:49:28 PM #55:	Nikra posted... Poor people in general don't vote. So why help them? America in a nutshelf. People who should vote don't and people who shouldn't promote politicians so. It's all backwards. --- No sig. <cite>creativerealms posted [p:889654620] in So Trump's... [t:75948567]...</cite> <quote><cite>Nikra posted...</cite> <quote>Poor people in general don't vote. So why help them? America in a nutshelf.</quote> People who should vote don't and people who shouldn't promote politicians so. It's all backwards.</quote> ... Copied to Clipboard!
emblem boy 11/02/17 9:49:55 PM #56:	FLUFFYGERM posted... emblem boy posted... FLUFFYGERM posted... emblem boy posted... FLUFFYGERM posted... Inheritance is not defined as income. Try again, you're woefully wrong and it's becoming painful I know inheritance is not considered income for federal tax purposes. I'm saying I don't see why it shouldn't be. Well that sounds like your problem lmao ? So your answer is "because the federal tax code says so"? I'm not trying to prove anyone wrong or right. I thought we were having a discussion No. My answer is "why should it be taxed?" Bro. I told you my reasoning already. --- Posted with GameRaven 3.3 <cite>emblem boy posted [p:889654655] in So Trump's... [t:75948567]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>emblem boy posted...</cite> <quote> <cite>FLUFFYGERM posted...</cite> <quote> <cite>emblem boy posted...</cite> <quote> <cite>FLUFFYGERM posted...</cite> <quote> Inheritance is not defined as income. Try again, you're woefully wrong and it's becoming painful </quote> I know inheritance is not considered income for federal tax purposes. I'm saying I don't see why it shouldn't be. </quote> Well that sounds like your problem lmao </quote> ? So your answer is "because the federal tax code says so"? I'm not trying to prove anyone wrong or right. I thought we were having a discussion</quote> No. My answer is "why should it be taxed?"</quote> Bro. I told you my reasoning already.</quote> ... Copied to Clipboard!
#57	Post #57 was unavailable or deleted.
FLUFFYGERM 11/02/17 9:52:02 PM #58:	emblem boy posted... FLUFFYGERM posted... emblem boy posted... FLUFFYGERM posted... emblem boy posted... FLUFFYGERM posted... Inheritance is not defined as income. Try again, you're woefully wrong and it's becoming painful I know inheritance is not considered income for federal tax purposes. I'm saying I don't see why it shouldn't be. Well that sounds like your problem lmao ? So your answer is "because the federal tax code says so"? I'm not trying to prove anyone wrong or right. I thought we were having a discussion No. My answer is "why should it be taxed?" Bro. I told you my reasoning already. And your reasoning was literally "Because!" <cite>FLUFFYGERM posted [p:889654776] in So Trump's... [t:75948567]...</cite> <quote><cite>emblem boy posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>emblem boy posted...</cite> <quote> <cite>FLUFFYGERM posted...</cite> <quote> <cite>emblem boy posted...</cite> <quote> <cite>FLUFFYGERM posted...</cite> <quote> Inheritance is not defined as income. Try again, you're woefully wrong and it's becoming painful </quote> I know inheritance is not considered income for federal tax purposes. I'm saying I don't see why it shouldn't be. </quote> Well that sounds like your problem lmao </quote> ? So your answer is "because the federal tax code says so"? I'm not trying to prove anyone wrong or right. I thought we were having a discussion</quote> No. My answer is "why should it be taxed?"</quote> Bro. I told you my reasoning already.</quote> And your reasoning was literally "Because!"</quote> ... Copied to Clipboard!
emblem boy 11/02/17 9:53:53 PM #59:	FLUFFYGERM posted... Anyway, I think the real problem is that some people are jealous of the few who are fortunate enough to be able to pass wealth to their children. So instead of working to make their own wealth that they can pass on to their own children, they want to dip more fingers into other people's livelihood. There's nothing ethical about trying to regulate how much someone can give to their family. Sorry, not sorry. It's not up to a nanny government to decide what's too much and what isn't. I actually partly agree with you. The reasoning people give for wanting the estate tax tends to reek of pettiness. Inheritance seems like it isn't taxed because there are those who view it like you do. The fact that it's going down to family makes it more than income and that makes inheritence special. I'm pretty much saying, maybe it shouldn't be viewed as special --- Posted with GameRaven 3.3 <cite>emblem boy posted [p:889654883] in So Trump's... [t:75948567]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote> Anyway, I think the real problem is that some people are jealous of the few who are fortunate enough to be able to pass wealth to their children. So instead of working to make their own wealth that they can pass on to their own children, they want to dip more fingers into other people's livelihood. There's nothing ethical about trying to regulate how much someone can give to their family. Sorry, not sorry. It's not up to a nanny government to decide what's too much and what isn't.</quote> I actually partly agree with you. The reasoning people give for wanting the estate tax tends to reek of pettiness. Inheritance seems like it isn't taxed because there are those who view it like you do. The fact that it's going down to family makes it more than income and that makes inheritence special. I'm pretty much saying, maybe it shouldn't be viewed as special</quote> ... Copied to Clipboard!
emblem boy 11/02/17 9:54:33 PM #60:	FLUFFYGERM posted... emblem boy posted... FLUFFYGERM posted... emblem boy posted... FLUFFYGERM posted... emblem boy posted... FLUFFYGERM posted... Inheritance is not defined as income. Try again, you're woefully wrong and it's becoming painful I know inheritance is not considered income for federal tax purposes. I'm saying I don't see why it shouldn't be. Well that sounds like your problem lmao ? So your answer is "because the federal tax code says so"? I'm not trying to prove anyone wrong or right. I thought we were having a discussion No. My answer is "why should it be taxed?" Bro. I told you my reasoning already. And your reasoning was literally "Because!" Whatever man --- Posted with GameRaven 3.3 <cite>emblem boy posted [p:889654926] in So Trump's... [t:75948567]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>emblem boy posted...</cite> <quote> <cite>FLUFFYGERM posted...</cite> <quote> <cite>emblem boy posted...</cite> <quote> <cite>FLUFFYGERM posted...</cite> <quote> <cite>emblem boy posted...</cite> <quote> <cite>FLUFFYGERM posted...</cite> <quote> Inheritance is not defined as income. Try again, you're woefully wrong and it's becoming painful </quote> I know inheritance is not considered income for federal tax purposes. I'm saying I don't see why it shouldn't be. </quote> Well that sounds like your problem lmao </quote> ? So your answer is "because the federal tax code says so"? I'm not trying to prove anyone wrong or right. I thought we were having a discussion </quote> No. My answer is "why should it be taxed?" </quote> Bro. I told you my reasoning already.</quote> And your reasoning was literally "Because!"</quote> Whatever man</quote> ... Copied to Clipboard!
treewojima 11/02/17 9:55:07 PM #61:	FLUFFYGERM posted... Anyway, I think the real problem is that some people are jealous oh you sweet summer child <cite>treewojima posted [p:889654962] in So Trump's... [t:75948567]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>Anyway, I think the real problem is that some people are jealous</quote> oh you sweet summer child</quote> ... Copied to Clipboard!
FLUFFYGERM 11/02/17 9:55:48 PM #62:	emblem boy posted... FLUFFYGERM posted... Anyway, I think the real problem is that some people are jealous of the few who are fortunate enough to be able to pass wealth to their children. So instead of working to make their own wealth that they can pass on to their own children, they want to dip more fingers into other people's livelihood. There's nothing ethical about trying to regulate how much someone can give to their family. Sorry, not sorry. It's not up to a nanny government to decide what's too much and what isn't. I actually partly agree with you. The reasoning people give for wanting the estate tax tends to reek of pettiness. Inheritance isn't taxed because there are those who view it like you do. The fact that it's going down to family makes it more than income and that makes inheritence special. I'm pretty much saying, maybe it shouldn't be viewed as special It's special because it's someone's livelihood and right to bestow upon their heirs what they worked for. It's both the taxpayers right as the owner of the wealth and the heirs right as the kin. Pretty simple concept. Note once again that, quite literally, your only reason for why it shouldn't be viewed as "special" was "because" It's pretty simple - there's no need to allow the government any access to someone's inheritance. Keep them from getting used to dipping their fingers in that pot. Otherwise you might as well just push it to the extreme and seize the entire inheritance. <cite>FLUFFYGERM posted [p:889654997] in So Trump's... [t:75948567]...</cite> <quote><cite>emblem boy posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>Anyway, I think the real problem is that some people are jealous of the few who are fortunate enough to be able to pass wealth to their children. So instead of working to make their own wealth that they can pass on to their own children, they want to dip more fingers into other people's livelihood. There's nothing ethical about trying to regulate how much someone can give to their family. Sorry, not sorry. It's not up to a nanny government to decide what's too much and what isn't.</quote> I actually partly agree with you. The reasoning people give for wanting the estate tax tends to reek of pettiness. Inheritance isn't taxed because there are those who view it like you do. The fact that it's going down to family makes it more than income and that makes inheritence special. I'm pretty much saying, maybe it shouldn't be viewed as special</quote> It's special because it's someone's livelihood and right to bestow upon their heirs what they worked for. It's both the taxpayers right as the owner of the wealth and the heirs right as the kin. Pretty simple concept. Note once again that, quite literally, your only reason for why it shouldn't be viewed as "special" was "because" It's pretty simple - there's no need to allow the government any access to someone's inheritance. Keep them from getting used to dipping their fingers in that pot. Otherwise you might as well just push it to the extreme and seize the entire inheritance.</quote> ... Copied to Clipboard!
emblem boy 11/02/17 9:59:18 PM #63:	FLUFFYGERM posted... It's special because it's someone's livelihood and right to bestow upon their heirs what they worked for. It's both the taxpayers right as the owner of the wealth and the heirs right as the kin. Pretty simple concept. Note once again that, quite literally, your only reason for why it shouldn't be viewed as "special" was "because" I'm saying income is normal and should count as everything else. If you want to make inheritance unique and different from the norm, you have to give a reason why, which you just did. Because it going down to a heir makes it unique. FLUFFYGERM posted... Otherwise you might as well just push it to the extreme and seize the entire inheritance. I mean, I wouldn't since I don't agree with a 100% tax on income. --- Posted with GameRaven 3.3 <cite>emblem boy posted [p:889655193] in So Trump's... [t:75948567]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>It's special because it's someone's livelihood and right to bestow upon their heirs what they worked for. It's both the taxpayers right as the owner of the wealth and the heirs right as the kin. Pretty simple concept. Note once again that, quite literally, your only reason for why it shouldn't be viewed as "special" was "because"</quote> I'm saying income is normal and should count as everything else. If you want to make inheritance unique and different from the norm, you have to give a reason why, which you just did. Because it going down to a heir makes it unique. <cite>FLUFFYGERM posted...</cite> <quote>Otherwise you might as well just push it to the extreme and seize the entire inheritance. </quote> I mean, I wouldn't since I don't agree with a 100% tax on income.</quote> ... Copied to Clipboard!
bkkorps 11/02/17 10:05:49 PM #64:	FLUFFYGERM posted... bkkorps posted... Hey posted... Do you not believe in inheritance? I think the current $11 million exemption limit is more than fair. So if someone earned $20 million, why is passing that down to their kids less fair than passing down $11 million? This shows you dont understand how the estate tax works. if they earned $20 million, they would be able to gift more than $11 million to their kids, it just the first $11 million are exempt from the gift/estate tax. the remaining $9 million would be taxed at a 40% federal rate, so they would be able to pass $16.4 million to their heirs (which is 82% of their estate). ultimately, tax policy is a means of social engineering for a better functioning society. society operates better the more equal it is, so taxing gifts/estates helps offer a ceiling to the growth of generational wealth inequality. our economy is also based around consumption, so large taxes on the top end encourages those with the most to spend their money rather than to hoard it. lastly, you can make the argument that anyone who has amassed wealth large enough to be in this discussion has recieved benefits from government/society in a disproportionate ratio to their taxes paid (see the point Obama was making in his misunderstood "you didnt build that" speech). as it stands, less than 2% of the population comes even close to paying any estate taxes, so in actuality the exemption level should likely be lowered rather than raised like the proposed policy would enact. --- Minnesota is like having sex in The Boundary Waters. ****ing close to Canada. <cite>bkkorps posted [p:889655589] in So Trump's... [t:75948567]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>bkkorps posted...</cite> <quote><cite>Hey posted...</cite> <quote>Do you not believe in inheritance?</quote> I think the current $11 million exemption limit is more than fair.</quote> So if someone earned $20 million, why is passing that down to their kids less fair than passing down $11 million?</quote> This shows you dont understand how the estate tax works. if they earned $20 million, they would be able to gift more than $11 million to their kids, it just the first $11 million are exempt from the gift/estate tax. the remaining $9 million would be taxed at a 40% federal rate, so they would be able to pass $16.4 million to their heirs (which is 82% of their estate). ultimately, tax policy is a means of social engineering for a better functioning society. society operates better the more equal it is, so taxing gifts/estates helps offer a ceiling to the growth of generational wealth inequality. our economy is also based around consumption, so large taxes on the top end encourages those with the most to spend their money rather than to hoard it. lastly, you can make the argument that anyone who has amassed wealth large enough to be in this discussion has recieved benefits from government/society in a disproportionate ratio to their taxes paid (see the point Obama was making in his misunderstood "you didnt build that" speech). as it stands, less than 2% of the population comes even close to paying any estate taxes, so in actuality the exemption level should likely be lowered rather than raised like the proposed policy would enact.</quote> ... Copied to Clipboard!
CiIantro 11/03/17 2:59:48 AM #65:	The Trump Tax Cuts: You save a dime, the wealthy save a dollar <cite>CiIantro posted [p:889667699] in So Trump's... [t:75948567]...</cite> <quote>The Trump Tax Cuts: You save a dime, the wealthy save a dollar</quote> ... Copied to Clipboard!
Sephiroth1288 11/03/17 3:09:17 AM #66:	treewojima posted... FLUFFYGERM posted... Anyway, I think the real problem is that some people are jealous oh you sweet summer child CiIantro posted... The Trump Tax Cuts: You save a dime, the wealthy save a dollar ^ Literally jealousy. Never mind through that wealthy people in states with already high taxes are gonna get screwed most in this deal. --- The person who writes for fools is always sure of a large audience. Friend Code: 2723-9696-7248 <cite>Sephiroth1288 posted [p:889667926] in So Trump's... [t:75948567]...</cite> <quote><cite>treewojima posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>Anyway, I think the real problem is that some people are jealous</quote> oh you sweet summer child</quote> <cite>CiIantro posted...</cite> <quote>The Trump Tax Cuts: You save a dime, the wealthy save a dollar</quote> ^ Literally jealousy. Never mind through that wealthy people in states with already high taxes are gonna get screwed most in this deal.</quote> ... Copied to Clipboard!
#67	Post #67 was unavailable or deleted.
Topic List	Page List: 1, 2

Current Events > So Trump's tax plan eliminates the estate tax (+) Yeah! (+)

Current Events > So Trump's tax plan eliminates the estate tax