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And no reason to keep it other than mindless, bigoted partisanship.It's nothing new that for sure.Estate tax is a progressive idea designed to redistribute wealth, held onto by progressives for no other reason than it is a progressive idea that redistributes wealth."So, taxing large inheritances serves to back up gaps in other taxes. That's especially vital now, as we face a dangerous imbalance between federal spending and revenue. Yes, spending must be cut, but we must also have enough tax revenue to keep the government running. If we kill the estate tax, the money will have to come from somebody else.
Nothing more, nothing less.
The reasons Teddy was for it still stand today, even though you seem to have removed his quote.
"We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community … The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate."
The decedents of a wealthy person did NOT accumulate or earn the income.
They did nothing to generate the income.
They did nothing to produce the industry/jobs/innovations that produced the fortune.
I have quoted Thomas Jefferson's thoughts on the concentration of wealth many times on this forum. He proposed a progressive tax system, with those below a certain income not being taxed at all.Someone please explain why the government should seize Paris Hilton's inheritance instead of it going to Paris Hilton as her great-grandpa intended. Explain how this is "fair".
Death, Taxes, and the American Founders
But in the case of the estate tax, the founders struggled with the same issues that we struggle with today. And many of them—though not all—believed that taxing and reducing large estates was a good idea, for it benefited society as a whole. -
History News Network Death Taxes and the American Founders
Just like we have today.
He also proposed eliminating primogeniture, which in itself suggests he believed in children receiving their inheritance. He just didn't think only the oldest son should receive it all.
Paris Hilton is not the oldest son.
Just the way Jefferson wanted it.
The decedents of a wealthy person did NOT accumulate or earn the income.
They did nothing to generate the income.
They did nothing to produce the industry/jobs/innovations that produced the fortune.
What did the government do to earn that money? What did the government do to generate that income? What did the government produce that created that fortune?
Does allowing a small number of families to accumulate great wealth -- increasing from generation to generation -- harm democracy?
Every fucking day another ignorant brain dead asshole communist dick head posts a fucking liberal talking point.
The fucking left wing sheep have no fucking clue what kind of unmitigated disaster the death tax has been in countries that have tried it.
They sure as fuck have nu fucking clue that the money has already been taxed.
Instead I have to read more utter cliche bullshit from yet another moron liberal who chants more stuff about "party of the rich."
Fuck you. Fuck all of these god damn pinko commie sheep. Fucking ignorant moronic pawns!
The party of the rich, for the rich, by the rich. Once again, the wolves shear the sheep while the sheep cheer them on.
Republicans Push 269 Billion Handout For Millionaire Heirs And Heiresses
excerpt:
WASHINGTON -- House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealing the federal inheritance tax.
The legislation would shield the very richest families from taxes on the fortunes they inherit. After years of GOP attacks on the inheritance tax, also known as the estate tax, only a few thousand of the wealthiest families are subjected to it -- 4,700 total in 2013, according to the Joint Committee on Taxation. Only individual fortunes worth over $5.43 million can be taxed under current law, an amount that doubles to $10.86 million for wealthy couples. The Republican proposal would eliminate all of these estates -- which are over 15,700 percent richer than the median American household -- from taxation.
For those who haven't figured it out by now, I believe in a leveling of the playing field. Haggling over the edges of an entirely broken and corrupt system is for suckers.
It is not greedy to want to keep/pass on what is yours.
It is greedy to want to confiscate what does not belong to you.
Duh.
The party of the rich, for the rich, by the rich. Once again, the wolves shear the sheep while the sheep cheer them on.
Republicans Push 269 Billion Handout For Millionaire Heirs And Heiresses
excerpt:
WASHINGTON -- House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealing the federal inheritance tax.
The legislation would shield the very richest families from taxes on the fortunes they inherit. After years of GOP attacks on the inheritance tax, also known as the estate tax, only a few thousand of the wealthiest families are subjected to it -- 4,700 total in 2013, according to the Joint Committee on Taxation. Only individual fortunes worth over $5.43 million can be taxed under current law, an amount that doubles to $10.86 million for wealthy couples. The Republican proposal would eliminate all of these estates -- which are over 15,700 percent richer than the median American household -- from taxation.
That money has already been taxed. The federal govt has no right to double taxation.
How is a special tax for a specific group of people a level playing field?For those who haven't figured it out by now, I believe in a leveling of the playing field. Haggling over the edges of an entirely broken and corrupt system is for suckers.
Estates taxes s a good way to level the playing field, to get rid of the aristocracy the Founders wanted to get away from!
The party of the rich, for the rich, by the rich. Once again, the wolves shear the sheep while the sheep cheer them on.
Republicans Push 269 Billion Handout For Millionaire Heirs And Heiresses
excerpt:
WASHINGTON -- House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealing the federal inheritance tax.
The legislation would shield the very richest families from taxes on the fortunes they inherit. After years of GOP attacks on the inheritance tax, also known as the estate tax, only a few thousand of the wealthiest families are subjected to it -- 4,700 total in 2013, according to the Joint Committee on Taxation. Only individual fortunes worth over $5.43 million can be taxed under current law, an amount that doubles to $10.86 million for wealthy couples. The Republican proposal would eliminate all of these estates -- which are over 15,700 percent richer than the median American household -- from taxation.
That money has already been taxed. The federal govt has no right to double taxation.
I tell my gardener that every year when he asked why I need to 1099 him!
In pesos.The party of the rich, for the rich, by the rich. Once again, the wolves shear the sheep while the sheep cheer them on.
Republicans Push 269 Billion Handout For Millionaire Heirs And Heiresses
excerpt:
WASHINGTON -- House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealing the federal inheritance tax.
The legislation would shield the very richest families from taxes on the fortunes they inherit. After years of GOP attacks on the inheritance tax, also known as the estate tax, only a few thousand of the wealthiest families are subjected to it -- 4,700 total in 2013, according to the Joint Committee on Taxation. Only individual fortunes worth over $5.43 million can be taxed under current law, an amount that doubles to $10.86 million for wealthy couples. The Republican proposal would eliminate all of these estates -- which are over 15,700 percent richer than the median American household -- from taxation.
That money has already been taxed. The federal govt has no right to double taxation.
I tell my gardener that every year when he asked why I need to 1099 him!
Do you even pay your gardener?
The decedents of a wealthy person did NOT accumulate or earn the income.
They did nothing to generate the income.
They did nothing to produce the industry/jobs/innovations that produced the fortune.
What did the government do to earn that money? What did the government do to generate that income? What did the government produce that created that fortune?
Did they earn it BECAUSE of US society AND our laws? Hell yeah!
Every fucking day another ignorant brain dead asshole communist dick head posts a fucking liberal talking point.
The fucking left wing sheep have no fucking clue what kind of unmitigated disaster the death tax has been in countries that have tried it.
They sure as fuck have no fucking clue that the money has already been taxed.
Instead I have to read more utter cliche bullshit from yet another moron liberal who chants more stuff about "party of the rich."
Fuck you. Fuck all of these god damn pinko commie sheep. Fucking ignorant moronic pawns!
How is a special tax for a specific group of people a level playing field?For those who haven't figured it out by now, I believe in a leveling of the playing field. Haggling over the edges of an entirely broken and corrupt system is for suckers.
Estates taxes s a good way to level the playing field, to get rid of the aristocracy the Founders wanted to get away from!
It isn't.
