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  1.    #1  
    [Deleted Thread]
    Last edited by G-funkster; 06/20/2017 at 07:12 AM.
  2. #2  
    Don't worry. She can now tip the waiters a couple of extra bucks and pass along the fortune to all of us.

    Trickle down .. don't you know.
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  3. #3  
    Quote Originally Posted by g-funkster

    Weasels...
    Yeah. The nerve of her to expect to get the money her family earned and already paid taxes on.

    How unamerican!!! I mean, they should be grateful that the gov't allows them to keep ANY of the family money when someone dies.
  4. #4  
    Don't worry. IRS is already phasing out audits of estate taxes:
    http://www.govexec.com/story_page.cf...dcn=todaysnews
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  5. #5  
    i'm not saying politicians aren't a bunch of weasels...but....

    g-funkster, you're sounding pretty socialist/commie.

    Estate taxes are about as anti-American as you can get. Income to a person should be taxed ONCE, not twice or thrice. If I want to give post tax money to whoever I want, it's no one's business.

    I think you'd like it better in The Netherlands with their 90% tax brackets, which effectively kills any motivation to be productive.

    Why pick on Paris Hilton. Sure, she's a rich c-u-m dumpter, but so what? Many other wealthy people have given a lot to good causes.
  6. NRG
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    #6  
    It is not so much the estate tax thing that pisses me off. It is in the manner they did it. Here have a read.

    Source: CommonDreams

    House Leadership Invokes "Martial Law," Forcing Members to Vote On Key Bills Without Full Knowledge of What They're Voting On


    The House Republican Leadership has announced its intention to have the House vote, before adjourning on Friday or Saturday, on several major pieces of legislation that are not yet available to House members in final form because behind-closed-door negotiations on the proposals are still going on. The Leadership apparently intends to use a process known as “martial law” to allow these bills to be brought to the floor very shortly after negotiations are completed, with the result that Members of the House are likely to have virtually no time to examine and consider the details of the legislation before they will be required to vote on it.

    Among the matters the House may be asked to vote on under martial law are a major conference report on pension legislation, a costly bill that would permanently reduce the estate tax and extend certain expiring tax provisions, and a bill that would combine a controversial health insurance proposal with an increase in the minimum wage. The House Rules Committee on Thursday afternoon reported a resolution that would provide martial law authority in relation to all of these bills.

    Under the martial law procedure, longstanding House rules that require at least one day between the unveiling of significant legislation and the House floor vote on that legislation — so that Members can learn what they are being asked to vote on — are swept away. Instead, under “martial law,” the Leadership can file legislation with tens or hundreds of pages of fine print and move immediately to debate and votes on it, before Members of Congress, the media, or the public have an opportunity to understand fully what provisions have been altered or inserted into the legislation behind closed doors. This is the procedure that the Leadership intends to use to muscle through important bills in the next two days.
    So in otherwords, what the hell did they vote on? We won't know for a day or two. Is this democracy?
    Last edited by NRG; 07/29/2006 at 11:04 AM.
  7. #7  
    I agree, weasels! We don't need another minimum wage increase.
  8. #8  
    BY the way, the Paris Hilton thing is a joke! The bottom line is that people don't have to be "super wealthy" to have a million dollar estate anymore. In certain areas of California a million dollar estate is called a "starter home". These days, if your net worth is only a million dollars then you're probably barely in the upper middle class.
    Last edited by hoovs; 07/29/2006 at 11:15 AM.
  9. NRG
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    #9  
    Quote Originally Posted by hoovs
    I agree, weasels! We don't need another minimum wage increase.
    Hoovs, they voted on it 4 times in the past, and each time the repubs shot it down. Why now would they bring it up? Election? Politics? They did it so the they can jusify their pay wage increase of $3,000.
  10. #10  
    Quote Originally Posted by g-funkster
    I'm going on a trip today, so I really have no time to expand on this.
    Going to Venezuela for a little American policy appreciation? Perhaps to Iran for a lesson in democracy? I'm sorry you hate the rich so much, but it really doesn't take a lot to be affected by the estate tax. Buy a $300,000 home, save a few bucks, inherit a few from YOUR parents, and you've soon got a million dollar estate. Now try dying and see what happens to your heirs' portion. Oh, but I forgot, you think the government is entitled to it all.
  11. #11  
    C'mon guys. This is Congressional Procedure 101.

    The Repubs don't want the minimum wage bill to move through Congress. So they tie a stinkbomb to it. It dies because the bill has things than both sides hate. (Dems hate estate tax provisions, Repubs hate minimum wage). That's (more or less) all there is to it.

    There's an election in November, remember?

    Now the Dems can go back and make speeches about the ratbag Republicans, and the Republicans can go back and make speeches about the ratbag Democrats, both sides can push their favorite talking head onto the various cable channels to rant, and everyone is happy.

    Everbody is happy except perhaps for me. I pay taxes. Remember me and another couple hundred million people like me who pay taxes, raise families, etc., etc.? And in my unhappiness I take pleasure in being agnostic as to the Dems and the Repubs because they are Tweedledum and Tweedledee.
  12. #12  
    Quote Originally Posted by hoovs
    BY the way, the Paris Hilton thing is a joke! The bottom line is that people don't have to be "super wealthy" to have a million dollar estate anymore. In certain areas of California a million dollar estate is called a "starter home". These days, if your net worth is only a million dollars then you're probably barely in the upper middle class.
    Then why do so few pay the tax?

    "Who pays the estate tax?
    In 2006, the wealthiest 0.27% of Americans are the only ones who pay estate taxes. In 2001, over half of all estate taxes were paid by 3,502 people with estates larger than $5 million — representing the top 0.14% of all Americans."

    http://www.faireconomy.org/estatetax/ETFAQ.html
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  13. #13  
    Quote Originally Posted by awerry
    Yeah. The nerve of her to expect to get the money her family earned and already paid taxes on.

    How unamerican!!! I mean, they should be grateful that the gov't allows them to keep ANY of the family money when someone dies.
    Hey, someone has to pay for all the Republican spending binge. Better her rich a** than my middle class kids.

    Idea !! Lets abolish taxes altogether and fund the Govt. spending by borrowing it all .. forever.
    After the world refuses to lend us the dough, maybe we can extort it from them.
    Last edited by aprasad; 07/29/2006 at 11:27 AM. Reason: spelling
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  14. #14  
    Quote Originally Posted by Gasmeister
    /snip Buy a $300,000 home, save a few bucks, inherit a few from YOUR parents, and you've soon got a million dollar estate. Now try dying and see what happens to your heirs' portion. /snip
    Yup. I met that guy a couple of months ago. Career = elevator repairman. Frugal, bought real estate, educated his kids, still married to the same woman 45 years on. Normal salt of the earth family, productive and pleasant all. Democratic voter profile if ever I saw it. His heirs are now his kids PLUS Uncle Sam.
  15. #15  
    Quote Originally Posted by aprasad
    Then why do so few pay the tax?

    "Who pays the estate tax?
    In 2006, the wealthiest 0.27% of Americans are the only ones who pay estate taxes. In 2001, over half of all estate taxes were paid by 3,502 people with estates larger than $5 million — representing the top 0.14% of all Americans."

    http://www.faireconomy.org/estatetax/ETFAQ.html

    For some of us the NUMBER of people who have their wealth confiscated by the gov't doesn't justify the actual ACT of confiscation.

    Immoral behavior isn't acceptable simply because it isn't widespread.

    Robin Hood taxing may appear to be OK since something "good" is done with the money (e.g. helping the poor.) But when did it become acceptable to take personal property from someone simply because we have determined that he has too much?
  16. #16  
    Quote Originally Posted by awerry
    But when did it become acceptable to take personal property from someone simply because we have determined that he has too much?
    Since the days of progressive taxation.

    Hey, all taxes are evil. But the Govt has to pay for those Medicare, Medicaid, Defense, and the Air Force One.

    It can tax, borrow, or print money.

    Which one do you prefer?
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  17. #17  
    Tax, borrow, or print money? There is another solution. They can think out of the box in Washington DC and SPEND LESS MONEY. Of course that requires adult thinking by politicians and voters alike.
  18. #18  
    Sorry. Only in our dreams.

    This is NOT AN OPTION. As demostrated by 8 years of one party rule by the "conservative" Republicans.

    What it boils down to is: People like their Govt. programs, and their pork.

    Any other ideas?
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  19. #19  
    Quote Originally Posted by aprasad

    It can tax, borrow, or print money.

    Which one do you prefer?
    I'm not opposed to taxes. We get services from gov't, we should expect to pay for those services.

    But when I walk into KMart, I don't expect that I will be charged differently than someone else buying the same product simply because I have more or less money than she does. Why should someone pay more for gov't services simply because he is more successful?

    I have a real problem with "representatives" sitting in a room deciding how much money they are going to take from others who have more than X amount of dollars. And the exemptions are purely arbitrary. Why exempt only the first million? Why not the first five million? Or why not just the first $500,000?

    If congress can set the amount at one level... they can decide to lower it later. Someday they may decide that NO money should be passed on to heirs. But I'm not one who believes something is OK until it adversely affects me.

    Let the millionaries keep their money. I don't want people taking my stuff, I think they deserve the same consideration.
  20. #20  
    Are you are suggesting a flat, non-progressive tax system?

    Good luck with that. Already the rich are paying the majority of the taxes (yes, I'm aware of that). A large part of the poor and lower middle class pay no taxes at all.

    If you try to equal the tax rate for all, the middle class will take a HUGE hit. Won't happen.

    Ergo .. let the borrowing continue!!!
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