How will eliminating the Estate Tax benefit the Middle class?

[TroglocratsRdumb]

Democrat Economics: "Your paycheck is my paycheck"

 

[danielpalos]

Democrat Economics: "Your paycheck is my paycheck"

Republican economics: Spend and finance; and reduce taxes for the rich.

 

[Dale Smith]

Income taxes are unconstitutional and always have been.

According to whom are income taxes 'unconstitutional'?

Sixteenth Amendment to the United States Constitution - Wikipedia

We didn't need the Sixteenth Amendment, the power to tax was established with the ratification of our federal Constitution.

The Supreme Court disagreed- and America amended the Constitution so that Congress had the Constitutional authority to tax the income of Americans- and also the authority to tax the estate's of the richest Americans.

link? and not the Sixteenth Amendment.

Legal history of income tax in the United States - Wikipedia

Are you a de-facto employee of USA.INC? If so, then the income tax applies to you. BTW, do you know what a CAFR is or how to read one? Composite government is sitting on trillions in wealth that they have been socking away. They are the largest shareholders in just about every Fortune 500 corporation and their subsidiaries. You are basically saying that you want to give this corporate monstrosity that has been sucking us dry since the Federal Reserve Act was passed to suck even more federal reserve debt notes from us while sticking us with their credit card bill.........real smart, leftard.

 

[Syriusly]

According to whom are income taxes 'unconstitutional'?

Sixteenth Amendment to the United States Constitution - Wikipedia

We didn't need the Sixteenth Amendment, the power to tax was established with the ratification of our federal Constitution.

The Supreme Court disagreed- and America amended the Constitution so that Congress had the Constitutional authority to tax the income of Americans- and also the authority to tax the estate's of the richest Americans.

link? and not the Sixteenth Amendment.

Legal history of income tax in the United States - Wikipedia

Are you a de-facto employee of USA.INC? If so, then the income tax applies to you. BTW, do you know what a CAFR is or how to read one? Composite government is sitting on trillions in wealth that they have been socking away. They are the largest shareholders in just about every Fortune 500 corporation and their subsidiaries. You are basically saying that you want to give this corporate monstrosity that has been sucking us dry since the Federal Reserve Act was passed to suck even more federal reserve debt notes from us while sticking us with their credit card bill.........real smart, leftard.

LOL- at least I am not the contard arguing that a tax on the wealthiest Americans is just too unfair.......

 

[Syriusly]

Democrat Economics: "Your paycheck is my paycheck"

Republican Economics: "Your paycheck is my paycheck. Billionaire's paychecks are their paychecks"

 

[TroglocratsRdumb]

Democrat Economics: "Your paycheck is my paycheck"

Republican Economics: "Your paycheck is my paycheck. Billionaire's paychecks are their paychecks"

Why do you refuse to support yourself?

 

[Syriusly]

Democrat Economics: "Your paycheck is my paycheck"

Republican Economics: "Your paycheck is my paycheck. Billionaire's paychecks are their paychecks"

Why do you refuse to support yourself?

Why do Republicans want to bankrupt the middle class?

 

[Spare_change]

Doesn't matter.

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.

The estate tax is taxing money that has already been taxed once.

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.

but hey if you want a government stooge rifling through all your possessions every year and taxing you on them....

End the drug war to lower taxes.

Yeah, that's it .... typical liberal logic.

 

[Spare_change]

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.

A better question would be, how is keeping the estate tax good for the Middle class?

It's not like they distribute money according to how much they take in. They just print trillion dollar deficits cuz they will spend the money anyway for what they want to spend it on.

It's all monopoly money so who the hell cares?

Why not tax the rich into Heaven simply for the sake of morals.

... and this means?????

 

[Spare_change]

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.

On threads like this, you can tell the mental case POS Liberals who respond - they claim paying taxes is part of living in society yet come up with all sorts of excuses why certain groups living in society don't have to pay taxes.

Yes, we subscribe to Capitalism where ability to pay, means every Thing.

uhhhh .... that's not capitalism .... unless, of course,you mean that if you can't pay for it, you do without it

 

[Spare_change]

Awww, c'mon .... get real.

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.

No doubt
The federal government has an unpayable debt, robbing Peter to pay Paul just does not work… LOL

Tax the inheritances of the rich, until the we have massive surpluses again.

Why are you jealous of a rich person giving something to someone of his/her choice?

Because, dear; we have massive federal debt, a rich guy wants to cut taxes on the rich and cut social benefits on the poor, to help pay for it.

But ... who is the cause of the federal debt?

Are the consumers of the debt at fault, those upon whom it is spent?

Or, are the rich at fault for failing to provide more to be bought for those who don't pay their fair share?

 

[Spare_change]

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.

Wow- you just figured that out?

Neither are sales, or property......

You contard Trump voters......

I've known it for years. You just figured it out when a man told you the difference.

You libtard n-lovers are all the same.

I am an e-lover; i really do love, economics.

Then, why is your "knowledge" of it so rudimentary, and clearly second hand?

 

[Spare_change]

One thing that you could do besides picking the pockets of dead people would be to make your own money.

Not sure why you think that the government should be competing with private business.

Tell us why a tax on the estate of billionaires is so horrible to you?

Why is such a tax so great to you? Jealous that you'll never have either wealth or income?

Dear, the fiscally responsible reason is, we have Massive federal Debt. The rich should be taxed until we have no debt.

Interesting ...

WE have massive federal debt, but THEY should be taxed. What happened to "WE" paying for the debt from which we have benefited?

Did I fail the logic class, or did you not attend?

 

[Spare_change]

Just pointing out once more- with some amusement.

Not a single person who has posted their outrage at the idea of an estate tax here- has expressed any problem with the blatant racist remarks by Conboy.

Not all Trump voters are racists like Conboy- but Trump supporters don't object to the racism of Trump voters like Conboy

If we were discussing race relations, you might have had comments.

We weren't, so you didn't. Instead you heard comments regarding the subject of the thread - Estate Tax.

Quit trying to deflect.

 

[Spare_change]

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.

It doesn't.

I oppose the estate tax but this is for the 1%.

Iirc, the cost of removing the estate tax would be $800 billion while removal of the state tax deduction would bring in $1 trillion. Don't be surprised if these two are swapped.

Thank you. Finally, an adult in the room.

The final product will be the result of negotiation between the two sides. There are things in the proposal that neither want. A good example is the 12% tax -- everybody knows it won't make the final cut. But, the Dems will be able to make noise about how THEY protected the poor, by getting it cut back to 10%, and Republicans will trade that for something else.

It's called "The Art of the Deal". Every offer has something in it you are will to give up in order to protect that which you consider essential.

 

[Spare_change]

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.

It doesn't.

I oppose the estate tax but this is for the 1%.

Iirc, the cost of removing the estate tax would be $800 billion while removal of the state tax deduction would bring in $1 trillion. Don't be surprised if these two are swapped.

I know that both eliminating of the State income tax deduction and the Estate tax are on the table.

And neither would help the middle class.

Well, hell, if you KNOW it won't help the middle class, why are we even discussing it? Let's just point to you when anybody asks why!

 

[Spare_change]

It's his money, not yours. Get your own money.

OK, how about an H1-poor boy's visa program, where all of the proceeds go to the poor?

How about not? How about people keeping what they earned and the government stop buying power with other people's money?

In other words, the H1 program is only ok for the rich; I got it, right winger.

The H1 program is for the benefit of the United States. It makes sense to give priority to productive people who have skills that benefit the country. Letting in a bunch of poor, unskilled people only creates a burden on taxpayers and lower wages for Americans.

Cheap labor only increases profits for the rich, not a better republic.

You can't really believe this .... are you really that naive, unattached, and apparently, uneducated?

 

[Dale Smith]

We didn't need the Sixteenth Amendment, the power to tax was established with the ratification of our federal Constitution.

The Supreme Court disagreed- and America amended the Constitution so that Congress had the Constitutional authority to tax the income of Americans- and also the authority to tax the estate's of the richest Americans.

link? and not the Sixteenth Amendment.

Legal history of income tax in the United States - Wikipedia

Are you a de-facto employee of USA.INC? If so, then the income tax applies to you. BTW, do you know what a CAFR is or how to read one? Composite government is sitting on trillions in wealth that they have been socking away. They are the largest shareholders in just about every Fortune 500 corporation and their subsidiaries. You are basically saying that you want to give this corporate monstrosity that has been sucking us dry since the Federal Reserve Act was passed to suck even more federal reserve debt notes from us while sticking us with their credit card bill.........real smart, leftard.

LOL- at least I am not the contard arguing that a tax on the wealthiest Americans is just too unfair.......

I knew that my reply would fly over your head like a fighter jet flying at Mach 1. You see? I know more than you, dipshit.

 

[Brain357]

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.

We are deeply in debt. And the claims of double taxation are clearly false.

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.

Sorry, but saying it isn't backing it up despite what Liberals think.

The link and quote did the backing up. You don't read well.

 

[Syriusly]

Just pointing out once more- with some amusement.

Not a single person who has posted their outrage at the idea of an estate tax here- has expressed any problem with the blatant racist remarks by Conboy.

Not all Trump voters are racists like Conboy- but Trump supporters don't object to the racism of Trump voters like Conboy

If we were discussing race relations, you might have had comments.

We weren't, so you didn't. Instead you heard comments regarding the subject of the thread - Estate Tax.

Quit trying to deflect.

Just an interesting observation. No surprise that not one of you objects to his racist remarks.