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Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions
“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”
The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.
How does eliminating the estate tax benefit 'working people'? How does it generate jobs?
Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.
How does it do anything but benefit the families of the wealthiest Americans?
Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.
Not sure if you're just jealous or actually this stupid....Democrats are so greedy that they are grave robbers
Republicans are so greedy that they want to eliminate taxes on the wealthiest Americans.
It doesnt create jobs lol
I wonder how kids with not a lot of money pay for their families estate?
The estate pays the tax.
So lets say your mommy and daddy are worth $10 million dollars- and both die in a tragic automobile accident.
You inherit all $10 million dollars free and clear- because the joint exemption for your parents wealth is $10.98 million
Now if your parents are worth $20 million- their estate will have to pay estate taxes on approximately $9 million- and you will get the $11 million + plus the balance of the $9 million after taxes.
How will eliminating that tax create jobs or help the middle class- both which the Republicans and Trump have said this tax change is intended to do?
Yes, the estate pays the tax, which in many cases means the inheritance is lost to the State. The middle class has a net worth under 5 million dollars. Thus, under the trump plan the middle class is exempt from the death tax. Why do you want to harm the middle class?
Not sure if you're just jealous or actually this stupid....Democrats are so greedy that they are grave robbers
Republicans are so greedy that they want to eliminate taxes on the wealthiest Americans.
'an unfair tax'
Taxes on struggling middle class wager earners are 'fair' but taxes on the estate of multi-millionaires are 'unfair'
No- Ivanka and her siblings haven't earned Donald's billions- but under Trump's plans- they certainly will benefit- the Trump family will save about $4 billion dollars in estate taxes under Trump's plans.
Income taxes are unconstitutional and always have been. Why does one that barters their time in one hour increments for federal reserve debt notes be required to pay a fee to the banking oligarchs that extended credit from nothing that created this debt slavery system to begin with?
Of course it all makes sense to a commie fuck such as yourself.
WAKE UP! It's not the year 1780.
Your Libertarianism is making you stupid.
A progressive income tax is one of the planks of the communist manifesto, dipshit. Any time you think you might have the brass ones to take me on in a debate on what is really going on? Be sure and let me know....thus far not a single leftard has dared to go "toe to toe" with me in a debate. Step up to the plate if you dare.
A flat tax raises taxes for the wealthy. Won't happen.
Income taxes are the very thing that people came here to get away from.
People like Conservative think that Americans of the wrong skin color shouldn't be treated like Americans. . .
Now if your parents are worth $20 million- their estate will have to pay estate taxes on approximately $9 million- and you will get the $11 million + plus the balance of the $9 million after taxes.
How will eliminating that tax create jobs or help the middle class- both which the Republicans and Trump have said this tax change is intended to do?
Have you ever had any sort of a cash windfall in your life?
Have you ever won a bunch of money or fond some?
A lot of people have. Myself, included.
Guess what "those" people tend to do with their windfalls?
They BUY shit. They take trips. They INVEST in other opportunities. They donate to charities.
ALL of which is a benefit to the middle class.
People like Syriusly think a portion of that should go to those that won't get off the couch to fix a meal for themselves.
People like Conservative think that Americans of the wrong skin color shouldn't be treated like Americans.
You think people of whatever skin color owe some lazy piece of shit that won't do for him/herself something for nothing.
If you lazy ass won't work, I don't give a shit what color you are. If you won't do for yourself, you deserve to do without. I find that on a per capita basis, blacks tend to fit the bills far more often than others.
Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions
“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”
The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.
How does eliminating the estate tax benefit 'working people'? How does it generate jobs?
Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.
How does it do anything but benefit the families of the wealthiest Americans?
Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.
Only 25% of filers itemize and use deductions you're concerned about
-Geaux
It doesnt create jobs lol
I wonder how kids with not a lot of money pay for their families estate?
The estate pays the tax.
So lets say your mommy and daddy are worth $10 million dollars- and both die in a tragic automobile accident.
You inherit all $10 million dollars free and clear- because the joint exemption for your parents wealth is $10.98 million
Now if your parents are worth $20 million- their estate will have to pay estate taxes on approximately $9 million- and you will get the $11 million + plus the balance of the $9 million after taxes.
How will eliminating that tax create jobs or help the middle class- both which the Republicans and Trump have said this tax change is intended to do?
Yes, the estate pays the tax, which in many cases means the inheritance is lost to the State. The middle class has a net worth under 5 million dollars. Thus, under the trump plan the middle class is exempt from the death tax. Why do you want to harm the middle class?
If the estate tax is a percentage of the whole, how can it be lost to the State?
FYI, the 5M exception was signed into law by Obama in 2012.
Because many times the costs associated with trying to keep what is legally theirs is consumed by legal fees, accountant fees etc. And, in certain cases the home is the majority of the value of the estate thus, when they are unable to pay the property taxes they must sell the family home to pay them.
You're not very smart are you.
The estate tax is taxing money that has already been taxed once.Doesn't matter.The estate pays the tax.
So lets say your mommy and daddy are worth $10 million dollars- and both die in a tragic automobile accident.
You inherit all $10 million dollars free and clear- because the joint exemption for your parents wealth is $10.98 million
Now if your parents are worth $20 million- their estate will have to pay estate taxes on approximately $9 million- and you will get the $11 million + plus the balance of the $9 million after taxes.
How will eliminating that tax create jobs or help the middle class- both which the Republicans and Trump have said this tax change is intended to do?
Why does the government get to take 9 million dollars of a person's inheritance? Is it because they deem that no person "needs" to inherit that much?
Why does the government get to take any person;s money? Taxes are taxes.
I don't know why you think an income tax on struggling middle class voters is somehow more fair than an inheritance tax on multi-millionaires.
In both cases the government takes money from people.
If there is going to be an income tax then everyone with an income should pay the tax.
The only fair income tax is a flat tax
I would be all for a flat tax on wealth- that would be 'fair' as far as I am concerned.
wealth isn't income.
I know!!! I know!!!Not sure if you're just jealous or actually this stupid....Democrats are so greedy that they are grave robbers
Republicans are so greedy that they want to eliminate taxes on the wealthiest Americans.
We are deeply in debt. And the claims of double taxation are clearly false.Proof, PLEASE!
When Does Inherited Stock Become Taxable?
When you inherit stock, the cost basis on the shares changes. Instead of using the cost that the former owner -- the decedent -- paid, your cost basis is the share value on the date the former owner died. This "step up" in cost basis can be a tremendous advantage if the shares were purchased at a low price and have increased significantly in value. As an example, the person who left you the shares paid $5,000 for them. On the date of death the stock was worth $50,000. Your cost basis is the $50,000, and the $45,000 gain from the original purchase will not be taxed.
Neither should the $5000.
Just more money that can be wasted on some freeloader living off the taxpayers.
Quit spending more than we have.
Where did I say double taxation? However, you claim they are false yet don't back it up. No one takes the word of a coward like you.
I just backed it up obviously.
The estate tax is taxing money that has already been taxed once.Doesn't matter.It doesnt create jobs lol
I wonder how kids with not a lot of money pay for their families estate?
The estate pays the tax.
So lets say your mommy and daddy are worth $10 million dollars- and both die in a tragic automobile accident.
You inherit all $10 million dollars free and clear- because the joint exemption for your parents wealth is $10.98 million
Now if your parents are worth $20 million- their estate will have to pay estate taxes on approximately $9 million- and you will get the $11 million + plus the balance of the $9 million after taxes.
How will eliminating that tax create jobs or help the middle class- both which the Republicans and Trump have said this tax change is intended to do?
Why does the government get to take 9 million dollars of a person's inheritance? Is it because they deem that no person "needs" to inherit that much?
Why does the government get to take any person;s money? Taxes are taxes.
I don't know why you think an income tax on struggling middle class voters is somehow more fair than an inheritance tax on multi-millionaires.
In both cases the government takes money from people.
If there is going to be an income tax then everyone with an income should pay the tax.
The only fair income tax is a flat tax
I would be all for a flat tax on wealth- that would be 'fair' as far as I am concerned.
This is the context, dear: The government is taxing things that have already been taxed.You think estate taxes go to the poor? Good thinking McFly.
Money has been earned at least once; why complain about giving it to the poor via social programs?
Because I earned it, they did not, but that's beside the point. The point is that it's an unfair tax and should be eliminated altogether.
'an unfair tax'
Taxes on struggling middle class wager earners are 'fair' but taxes on the estate of multi-millionaires are 'unfair'
No- Ivanka and her siblings haven't earned Donald's billions- but under Trump's plans- they certainly will benefit- the Trump family will save about $4 billion dollars in estate taxes under Trump's plans.
Never said that. Do you know how to read?
Hell that should be my stock answer to every post you make.
I responded to your whine about the 'unfair' tax- addressing your whine- you don't like that- how shocking.
'an unfair tax'
Taxes on struggling middle class wager earners are 'fair' but taxes on the estate of multi-millionaires are 'unfair'
No- Ivanka and her siblings haven't earned Donald's billions- but under Trump's plans- they certainly will benefit- the Trump family will save about $4 billion dollars in estate taxes under Trump's plans.
On some threads, you instantly know it was posted up by a mental case progressive!!
On threads like this, you can tell the mental case Contards who respond- Anything that benefits Trump or his family or the wealthy is good. Anything that doesn't- is bad.
Why do you believe the government deserves anything from an estate?
Taxes have already been paid on that wealth?
Not the question of the OP but why do you believe that the government deserves anything from anyone?
No one wants to pay taxes- but taxes on the estate a billionaire that none of the heirs 'earned' are just as fair as taxes on the income of a struggling middle class family
Tax the inheritances of the rich, until the we have massive surpluses again.No doubtAwww, c'mon .... get real.Eliminating any tax is good.
Here's an idea, spend less.
You KNOW that ain't gonna happen !!!!
When the debt becomes untenable, and if history is any judge, it will, we get to reboot and you bet your ass we'll spend less.
The federal government has an unpayable debt, robbing Peter to pay Paul just does not work… LOL
Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions
“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”
The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.
How does eliminating the estate tax benefit 'working people'? How does it generate jobs?
Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.
How does it do anything but benefit the families of the wealthiest Americans?
Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.
Only 25% of filers itemize and use deductions you're concerned about
-Geaux
Itemized deductions have nothing to do with the estate tax- or the topic of this thread.
Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions
“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”
The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.
How does eliminating the estate tax benefit 'working people'? How does it generate jobs?
Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.
How does it do anything but benefit the families of the wealthiest Americans?
Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.
Only 25% of filers itemize and use deductions you're concerned about
-Geaux
Itemized deductions have nothing to do with the estate tax- or the topic of this thread.
Wealth and income aren't the same.
Why do you believe the government deserves anything from an estate?
Taxes have already been paid on that wealth?
Not the question of the OP but why do you believe that the government deserves anything from anyone?
No one wants to pay taxes- but taxes on the estate a billionaire that none of the heirs 'earned' are just as fair as taxes on the income of a struggling middle class family
Nowhere near the same. If that billionaire wants to give what he/she earned to someone it's their choice. ,.
