Current Events > So new tax plan punished people trying to adopt kids, rewards millionaires

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emblem boy
11/03/17 8:34:01 PM
#51:


Lorenzo_2003 posted...
IfGodCouldDie posted...
DragonGirlYuki posted...
An estate tax is a tax on income that was already taxed. People don't like getting taxed on income they already paid tax on.

Well except that the person that was originally taxed is dead and it's new income for a different person and they haven't been taxed on it.


God fucking damn it, I hate statements like that. Would you guys please stop enabling the government in taxing people out of their own damn money and possessions, please, please? The property was taxed already and yet people keep looking for ways to carve apart its value at every turn. I am convinced that some of you guys, if you had the power to do so, would make it so nobody could own anything and we'd all have to fill out government documents for permission to take a shit.


I have no issue with the argument that certain forms of "double taxation" ( I don't actually consider the estate tax to be one) happens , but it does seem weird for estate tax to be the issue people fall on their swords for. There are probably better taxes that should be removed
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Darkman124
11/03/17 8:35:06 PM
#52:


emblem boy posted...

I have no issue with the argument that certain forms of "double taxation" ( I don't actually consider the estate tax to be one) happens , but it does seem weird for estate tax to be the issue people fall on their swords for. There are probably better taxes that should be removed


the reason is they've been conditioned by their media to hate it

their media which is funded by people who pay the estate tax

http://news.wgbh.org/2017/03/15/politics-government/major-new-study-shows-political-polarization-mainly-right-wing
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emblem boy
11/03/17 8:35:35 PM
#53:


Darkman124 posted...
emblem boy posted...
BLAKUboy posted...
Muffinz0rz posted...
If I want to give my kid $5,000,000, I give him $5,000,000, tax-free. My kid gets $5,000,000.

There is a gift tax for gifts larger than $14,000.


The gift tax actually does seem like double taxation since the giver pays that gift tax.


the purpose of it is to prevent the very 'loophole' muffinz0rz thinks he found

but lots of shit is double taxation really. ALL sales tax is double taxation as it's paid by the buyer, who buys shit with money that was subject to income tax


Ya I understand the reason for it's creation.

Also, is there any differentiation to be made between consumption tax, such as sales tax, and income taxes when it comes to talking about double taxation?
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Darkman124
11/03/17 8:37:14 PM
#54:


emblem boy posted...

Ya I understand the reason for it's creation.

Also, is there any differentiation between consumption tax, such as sales tax, and income taxes when it comes to talking about double taxation?


i mean, yeah kind of--the people talking about it are mostly conservatives and they mostly talk about taxes paid only by the rich (capital gains, estate)

but there shouldn't be any

if i start a business with money that i paid income tax on, and it earns a profit, i pay taxes on that

if i invest in a company with money that i paid income tax on, and it earns a profit, i pay taxes on that

profits are taxed. whether they are dropped in your lap by a parent/friend/lottery, paid by customers, or paid by employers, they're taxed.

if i buy something, and i live in a state with a sales tax (ie, most states), i pay taxes on that. if i buy something with a punitive sin tax, i pay taxes on that.

consumption is taxed. what is unique about consumption taxes is that they are both a higher percent of the poor's income AND harder for the poor to avoid.

is it any surprise that conservatives favor taxing consumption?
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Muffinz0rz
11/03/17 8:41:56 PM
#55:


BLAKUboy posted...
Muffinz0rz posted...
The money itself was already taxed.

BLAKUboy posted...
So you're for getting rid of income tax [and gift tax] then? That money was taxed once.

Of course. Why not? Income tax was not designed to apply to earned wages through labor. It's already unconstitutional. And yes, you already paid for said gift, so taxing it again is double tax. It's the money or gift that is being taxed, not the individual giving or receiving said money or gift.

BLAKUboy posted...
Hell, let's get rid of sales tax while we're at it! That's double taxation! Get rid of all taxes!! All the money has been taxed at some point!!

We should. Value Added Tax is used more commonly across the world. It makes more sense to tax everything a little bit along the way, rather than placing the entirety of the burden on the consumer. Manufacturers have tax exemption certificates that allow them to purchase parts of what they're making without being taxed. As such, the consumer pays less as a result of the product being taxed step-by-step, as opposed to all on the consumer.
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emblem boy
11/03/17 8:42:45 PM
#56:


Darkman124 posted...

i mean, yeah kind of--the people talking about it are mostly conservatives and they mostly talk about taxes paid only by the rich (capital gains, estate)

You mean how some people think capital gains should be taxed lower, or even not at all? And how they'll call corporate gains and estate tax double taxation but not sales tax?
.

Darkman124 posted...

but there shouldn't be any

if i start a business with money that i paid income tax on, and it earns a profit, i pay taxes on that

if i invest in a company with money that i paid income tax on, and it earns a profit, i pay taxes on that

profits are taxed. whether they are dropped in your lap by a parent/friend/lottery, paid by customers, or paid by employers, they're taxed.

if i buy something, and i live in a state with a sales tax (ie, most states), i pay taxes on that. if i buy something with a punitive sin tax, i pay taxes on that


Good point. There shouldn't be a distinction between money earned from an employer and money earned from playing in the stock market or money earned through someone giving it to you. Regardless of the incentives we've created, because we want to motivate people to invest, or whatever

Hell, the fact that we don't even tax the first 5 million of inheritence should be seen as a win for these people already.
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IfGodCouldDie
11/03/17 9:20:24 PM
#57:


Lorenzo_2003 posted...
IfGodCouldDie posted...
DragonGirlYuki posted...
An estate tax is a tax on income that was already taxed. People don't like getting taxed on income they already paid tax on.

Well except that the person that was originally taxed is dead and it's new income for a different person and they haven't been taxed on it.


God fucking damn it, I hate statements like that. Would you guys please stop enabling the government in taxing people out of their own damn money and possessions, please, please? The property was taxed already and yet people keep looking for ways to carve apart its value at every turn. I am convinced that some of you guys, if you had the power to do so, would make it so nobody could own anything and we'd all have to fill out government documents for permission to take a shit.

Trust me man, I hate taxes as much as the next person. I make enough money that the government takes a third of my paycheck. The fact of the matter is he is asking how estate tax can be justified and I am explaining it.
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Muffinz0rz
11/03/17 9:22:21 PM
#58:


IfGodCouldDie posted...
Lorenzo_2003 posted...
IfGodCouldDie posted...
DragonGirlYuki posted...
An estate tax is a tax on income that was already taxed. People don't like getting taxed on income they already paid tax on.

Well except that the person that was originally taxed is dead and it's new income for a different person and they haven't been taxed on it.


God fucking damn it, I hate statements like that. Would you guys please stop enabling the government in taxing people out of their own damn money and possessions, please, please? The property was taxed already and yet people keep looking for ways to carve apart its value at every turn. I am convinced that some of you guys, if you had the power to do so, would make it so nobody could own anything and we'd all have to fill out government documents for permission to take a shit.

Trust me man, I hate taxes as much as the next person. I make enough money that the government takes a third of my paycheck. The fact of the matter is he is asking how estate tax can be justified and I am explaining it.

How exactly is it "justified?"
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IfGodCouldDie
11/03/17 9:24:08 PM
#59:


Muffinz0rz posted...
IfGodCouldDie posted...
Lorenzo_2003 posted...
IfGodCouldDie posted...
DragonGirlYuki posted...
An estate tax is a tax on income that was already taxed. People don't like getting taxed on income they already paid tax on.

Well except that the person that was originally taxed is dead and it's new income for a different person and they haven't been taxed on it.


God fucking damn it, I hate statements like that. Would you guys please stop enabling the government in taxing people out of their own damn money and possessions, please, please? The property was taxed already and yet people keep looking for ways to carve apart its value at every turn. I am convinced that some of you guys, if you had the power to do so, would make it so nobody could own anything and we'd all have to fill out government documents for permission to take a shit.

Trust me man, I hate taxes as much as the next person. I make enough money that the government takes a third of my paycheck. The fact of the matter is he is asking how estate tax can be justified and I am explaining it.

How exactly is it "justified?"

I am not saying it is "justified" just explaining the justification.
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Muffinz0rz
11/03/17 9:28:24 PM
#60:


IfGodCouldDie posted...
Muffinz0rz posted...
IfGodCouldDie posted...
Lorenzo_2003 posted...
IfGodCouldDie posted...
DragonGirlYuki posted...
An estate tax is a tax on income that was already taxed. People don't like getting taxed on income they already paid tax on.

Well except that the person that was originally taxed is dead and it's new income for a different person and they haven't been taxed on it.


God fucking damn it, I hate statements like that. Would you guys please stop enabling the government in taxing people out of their own damn money and possessions, please, please? The property was taxed already and yet people keep looking for ways to carve apart its value at every turn. I am convinced that some of you guys, if you had the power to do so, would make it so nobody could own anything and we'd all have to fill out government documents for permission to take a shit.

Trust me man, I hate taxes as much as the next person. I make enough money that the government takes a third of my paycheck. The fact of the matter is he is asking how estate tax can be justified and I am explaining it.

How exactly is it "justified?"

I am not saying it is "justified" just explaining the justification.

What is the justification?
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emblem boy
11/03/17 9:28:59 PM
#61:


Muffinz0rz posted...
IfGodCouldDie posted...
Muffinz0rz posted...
IfGodCouldDie posted...
Lorenzo_2003 posted...
IfGodCouldDie posted...
DragonGirlYuki posted...
An estate tax is a tax on income that was already taxed. People don't like getting taxed on income they already paid tax on.

Well except that the person that was originally taxed is dead and it's new income for a different person and they haven't been taxed on it.


God fucking damn it, I hate statements like that. Would you guys please stop enabling the government in taxing people out of their own damn money and possessions, please, please? The property was taxed already and yet people keep looking for ways to carve apart its value at every turn. I am convinced that some of you guys, if you had the power to do so, would make it so nobody could own anything and we'd all have to fill out government documents for permission to take a shit.

Trust me man, I hate taxes as much as the next person. I make enough money that the government takes a third of my paycheck. The fact of the matter is he is asking how estate tax can be justified and I am explaining it.

How exactly is it "justified?"

I am not saying it is "justified" just explaining the justification.

What is the justification?


Lol
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BLAKUboy
11/03/17 9:31:07 PM
#62:


emblem boy posted...
Hell, the fact that we don't even tax the first 5 million of inheritence should be seen as a win for these people already.

It should, but conservatives tend to care more about the ultra wealthy than their own self interests. Solely because the GOP is so deep in the pockets of that crowd that for years they have done nothing but cater solely to them, and in the minds of conservative voters a Republican can do no wrong.
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IfGodCouldDie
11/03/17 9:39:06 PM
#63:


Muffinz0rz posted...
What is the justification?

The justification is, it is new income for the person receiving it.
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Balrog0
11/03/17 9:39:43 PM
#64:


Muffinz0rz posted...
We should. Value Added Tax is used more commonly across the world. It makes more sense to tax everything a little bit along the way, rather than placing the entirety of the burden on the consumer. Manufacturers have tax exemption certificates that allow them to purchase parts of what they're making without being taxed. As such, the consumer pays less as a result of the product being taxed step-by-step, as opposed to all on the consumer.


I mean, saying we. should get rid of all taxes is very different from saying that we should replace all our taxes with a VAT

a VAT is literally taxing something multiple times, ie, an instance of double taxation, too without said deductions you mentioned which are not free to oversee and enforce. Its an administrative and legal issue they deal with. in other countries... Most of which still have other kinds of taxes like inheritance taxes
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Muffinz0rz
11/04/17 12:23:50 AM
#65:


IfGodCouldDie posted...
Muffinz0rz posted...
What is the justification?

The justification is, it is new income for the person receiving it.

The definition of "income" is "money received, especially on a regular basis, for work or through investments."

I don't know about you, but I don't see how the death of a loved one is necessarily an "investment." (It sure isn't "work" either.)

The justification you provided really doesn't hold up, considering the definition of the word.

It just doesn't make sense.

Balrog0 posted...
Muffinz0rz posted...
We should. Value Added Tax is used more commonly across the world. It makes more sense to tax everything a little bit along the way, rather than placing the entirety of the burden on the consumer. Manufacturers have tax exemption certificates that allow them to purchase parts of what they're making without being taxed. As such, the consumer pays less as a result of the product being taxed step-by-step, as opposed to all on the consumer.


I mean, saying we. should get rid of all taxes is very different from saying that we should replace all our taxes with a VAT

a VAT is literally taxing something multiple times, ie, an instance of double taxation, too without said deductions you mentioned which are not free to oversee and enforce. Its an administrative and legal issue they deal with. in other countries... Most of which still have other kinds of taxes like inheritance taxes

VAT is better for the consumer, simple as that. Not to sound like a socialist, but everyone pays their fair share every step along the way, as opposed to the consumers being stuck with the burden.
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itachi15243
11/04/17 12:36:31 AM
#66:


Muffinz0rz posted...
The definition of "income" is "money received, especially on a regular basis, for work or through investments."

I don't know about you, but I don't see how the death of a loved one is necessarily an "investment." (It sure isn't "work" either.)

The justification you provided really doesn't hold up, considering the definition of the word.

It just doesn't make sense.


You see how this could be viewed as money received , right? Especially doesn't mean always.

All the money you earn an use in life is taxed multiple times through multiple people.
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Questionmarktarius
11/04/17 12:37:56 AM
#67:


itachi15243 posted...
Muffinz0rz posted...
The definition of "income" is "money received, especially on a regular basis, for work or through investments."

I don't know about you, but I don't see how the death of a loved one is necessarily an "investment." (It sure isn't "work" either.)

The justification you provided really doesn't hold up, considering the definition of the word.

It just doesn't make sense.


You see how this could be viewed as money received , right? Especially doesn't mean always.

I don't really have any issue with liquid assets being subject to a death tax.
Dirt, however, probably should not.
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Muffinz0rz
11/04/17 1:00:28 AM
#68:


itachi15243 posted...
Muffinz0rz posted...
The definition of "income" is "money received, especially on a regular basis, for work or through investments."

I don't know about you, but I don't see how the death of a loved one is necessarily an "investment." (It sure isn't "work" either.)

The justification you provided really doesn't hold up, considering the definition of the word.

It just doesn't make sense.


You see how this could be viewed as money received , right? Especially doesn't mean always.

All the money you earn an use in life is taxed multiple times through multiple people.

I agree that "Especially doesn't mean always." Which implies that it can apply, but not necessarily.

And with a clause like that, you can remove it and still form a sentence. Since we agree that "especially does not mean always," it means we can safely remove said clause from the definition, which yields "Money received through work or through investments."

itachi15243 posted...
All the money you earn an use in life is taxed multiple times through multiple people.

I'm okay with money being taxed multiple times, but once it's officially "mine," it shouldn't be subject to any more taxes. I just believe that an inheritance shouldn't qualify as taxable, since it is basically just a direct gift from party A to party B (under unfortunate circumstances, obviously).

Same holds true for a gift tax. If I earned $14k (or whatever the threshold for that is) through work, then that money was already taxed. I should be able to give that money to whomever I please without the government getting a second cut of it.
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muchdran
11/04/17 1:03:38 AM
#69:


TheVipaGTS posted...
Ban abortion. Just put them up for adoption!...which by the way were going to make harder so the child will probably just stay in the system longer

Another scorching hot take
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Questionmarktarius
11/04/17 1:06:02 AM
#70:


muchdran posted...
TheVipaGTS posted...
Ban abortion. Just put them up for adoption!...which by the way were going to make harder so the child will probably just stay in the system longer

Another scorching hot take

Let's just stop pretending that "haw hah! pregnant" is not some sort of divine puritanism or somesuch.
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IfGodCouldDie
11/04/17 9:46:10 AM
#71:


Muffinz0rz posted...
itachi15243 posted...
Muffinz0rz posted...
The definition of "income" is "money received, especially on a regular basis, for work or through investments."

I don't know about you, but I don't see how the death of a loved one is necessarily an "investment." (It sure isn't "work" either.)

The justification you provided really doesn't hold up, considering the definition of the word.

It just doesn't make sense.


You see how this could be viewed as money received , right? Especially doesn't mean always.

All the money you earn an use in life is taxed multiple times through multiple people.

I agree that "Especially doesn't mean always." Which implies that it can apply, but not necessarily.

And with a clause like that, you can remove it and still form a sentence. Since we agree that "especially does not mean always," it means we can safely remove said clause from the definition, which yields "Money received through work or through investments."

itachi15243 posted...
All the money you earn an use in life is taxed multiple times through multiple people.

I'm okay with money being taxed multiple times, but once it's officially "mine," it shouldn't be subject to any more taxes. I just believe that an inheritance shouldn't qualify as taxable, since it is basically just a direct gift from party A to party B (under unfortunate circumstances, obviously).

Same holds true for a gift tax. If I earned $14k (or whatever the threshold for that is) through work, then that money was already taxed. I should be able to give that money to whomever I please without the government getting a second cut of it.

Oh I see what's going on here, you think that at any point you actually own that money. I'm sorry man but that's not the case. The money you have is directly the property of the government.

And on a second note, you can't just remove parts of a definition just because it will still form a sentence.
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Muffinz0rz
11/04/17 12:49:08 PM
#72:


IfGodCouldDie posted...
Oh I see what's going on here, you think that at any point you actually own that money. I'm sorry man but that's not the case. The money you have is directly the property of the government.

I get that, but if they can take whatever they want, whenever they want, then what's the point of even letting us have money?

IfGodCouldDie posted...
And on a second note, you can't just remove parts of a definition just because it will still form a sentence.

Not all the time, but this particular clause does not encompass all forms of income. It just adds on "especially on a regular basis," which is not all-encompassing. If it read "only on a regular basis," then no you couldn't remove it. All it does is provide a little context.
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IfGodCouldDie
11/04/17 12:54:12 PM
#73:


Muffinz0rz posted...
I get that, but if they can take whatever they want, whenever they want, then what's the point of even letting us have money?

The illusion of freedom?
Muffinz0rz posted...
Not all the time, but this particular clause does not encompass all forms of income. It just adds on "especially on a regular basis," which is not all-encompassing. If it read "only on a regular basis," then no you couldn't remove it. All it does is provide a little context.

Yes and context is important. The fact that you have to attempt to alter a definition to fit you argument is problematic for your argument.
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#74
Post #74 was unavailable or deleted.
Muffinz0rz
11/04/17 1:05:18 PM
#75:


IfGodCouldDie posted...
The illusion of freedom?

Sucks, right?

IfGodCouldDie posted...
Yes and context is important. The fact that you have to attempt to alter a definition to fit you argument is problematic for your argument.

I'm not altering anything though. Even with the clause in there, it still has nothing to do with inheritance.

shockthemonkey posted...
Dude, hes just using basic rules of grammar and punctuation to give you that definition. Its not worth having an argument over his dictionary definition when the definition isnt really relevant.

TIL: Definitions of words are irrelevant
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#76
Post #76 was unavailable or deleted.
Returning_CEmen
11/04/17 1:18:23 PM
#77:


Ugh, I knew this shit would happen when he was elected. Has Trump closed the loopholes for millionaires like he said he would?
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ChromaticAngel
11/04/17 1:20:27 PM
#78:


Trump: I'm going to close the loopholes
People: How
Trump: By making them explicit in the law
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BLAKUboy
11/04/17 1:21:42 PM
#79:


Returning_CEmen posted...
Has Trump closed the loopholes for millionaires like he said he would?

Trump: "I don't recall saying that."
Also Trump: "I have one of the great memories of all time."
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Kliamgroq
11/05/17 8:03:04 AM
#80:


O O
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