Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
So those of y'all who think the estate tax ("death tax")
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- ip_law-hokie
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Re: So those of y'all who think the estate tax (
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
Re: So those of y'all who think the estate tax (
False. Again, how did you pass the bar again?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.BigDave wrote:Ok then. You tell me what claim the government has on any tax.ip_law-hokie wrote:OK. I'm going to stop there and discuss tax policy with someone else.BigDave wrote:None. Abolish them.ip_law-hokie wrote: What claim does the government have on any tax? Whatever your answer is, go with that.
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Re: So those of y'all who think the estate tax (
Taxes may be a reality. Government being the lord of all property and leasing it out to you or me at its sole pleasure is not reality.ip_law-hokie wrote:Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
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- ip_law-hokie
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Re: So those of y'all who think the estate tax (
OK.BigDave wrote:Taxes may be a reality. Government being the lord of all property and leasing it out to you or me at its sole pleasure is not reality.ip_law-hokie wrote:Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
- ip_law-hokie
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Re: So those of y'all who think the estate tax (
You live in a wonderful world.hokie80 wrote:False. Again, how did you pass the bar again?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.BigDave wrote:Ok then. You tell me what claim the government has on any tax.ip_law-hokie wrote:OK. I'm going to stop there and discuss tax policy with someone else.BigDave wrote:None. Abolish them.ip_law-hokie wrote: What claim does the government have on any tax? Whatever your answer is, go with that.
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With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
Re: So those of y'all who think the estate tax (
You live in a wonderful world.[/quote]
You live in a fantasy land.
You live in a fantasy land.
- SuwaneeTim820
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Re: So those of y'all who think the estate tax (
hokie80 seems to have an inferiority complex toward you because you have a professional degree. That's... weird.ip_law-hokie wrote:You live in a wonderful world.hokie80 wrote: Again, how did you pass the bar again?
- ip_law-hokie
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Re: So those of y'all who think the estate tax (
Typical of that demographic.SuwaneeTim820 wrote:hokie80 seems to have an inferiority complex toward you because you have a professional degree. That's... weird.ip_law-hokie wrote:You live in a wonderful world.hokie80 wrote: Again, how did you pass the bar again?
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
Re: So those of y'all who think the estate tax (
Nope. I respect lawyers. But only the bright ones.ip_law-hokie wrote:Typical of that demographic.SuwaneeTim820 wrote:hokie80 seems to have an inferiority complex toward you because you have a professional degree. That's... weird.ip_law-hokie wrote:You live in a wonderful world.hokie80 wrote: Again, how did you pass the bar again?
- SuwaneeTim820
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Re: So those of y'all who think the estate tax (
You appear to be a stubborn old mule who questions the success in life of anyone who disagrees with him politically.hokie80 wrote:Nope. I respect lawyers. But only the bright ones.ip_law-hokie wrote:Typical of that demographic.SuwaneeTim820 wrote:hokie80 seems to have an inferiority complex toward you because you have a professional degree. That's... weird.ip_law-hokie wrote:You live in a wonderful world.hokie80 wrote: Again, how did you pass the bar again?
Re: So those of y'all who think the estate tax (
I have a lot of liberal friends who are successful.SuwaneeTim820 wrote:You appear to be a stubborn old mule who questions the success in life of anyone who disagrees with him politically.hokie80 wrote:Nope. I respect lawyers. But only the bright ones.ip_law-hokie wrote:Typical of that demographic.SuwaneeTim820 wrote:hokie80 seems to have an inferiority complex toward you because you have a professional degree. That's... weird.ip_law-hokie wrote:You live in a wonderful world.hokie80 wrote: Again, how did you pass the bar again?
They are bright and can formulate an argument however. Some are lawyers that do litigation. Generally the litigators tend to be brighter than the paper pusher types.
Re: So those of y'all who think the estate tax (
"False"? It's not a fact, it's merely a philosophical viewpoint.hokie80 wrote:False. Again, how did you pass the bar again?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.BigDave wrote:Ok then. You tell me what claim the government has on any tax.ip_law-hokie wrote:OK. I'm going to stop there and discuss tax policy with someone else.BigDave wrote:None. Abolish them.ip_law-hokie wrote: What claim does the government have on any tax? Whatever your answer is, go with that.
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- SuwaneeTim820
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Re: So those of y'all who think the estate tax (
What about Republicans? You know.... since you are an independent.hokie80 wrote:I have a lot of liberal friends who are successful.
- ip_law-hokie
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Re: So those of y'all who think the estate tax (
Also typical of 80's demographic.SuwaneeTim820 wrote:You appear to be a stubborn old mule who questions the success in life of anyone who disagrees with him politically.hokie80 wrote:Nope. I respect lawyers. But only the bright ones.ip_law-hokie wrote:Typical of that demographic.SuwaneeTim820 wrote:hokie80 seems to have an inferiority complex toward you because you have a professional degree. That's... weird.ip_law-hokie wrote:You live in a wonderful world.hokie80 wrote: Again, how did you pass the bar again?
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
- RiverguyVT
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Re: So those of y'all who think the estate tax (
ip_law-hokie wrote:Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
sounds like someone missed the lecture on "rights"
So I put (the dead dog) on her doorstep!
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
- Hokie CPA
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Re: So those of y'all who think the estate tax (
"Oh, I forgot. You were sick the day they taught law at law school!" --Lt. Daniel KaffeeRiverguyVT wrote:ip_law-hokie wrote:Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
sounds like someone missed the lecture on "rights"
I don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.
- ip_law-hokie
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Re: So those of y'all who think the estate tax (
You guys can jerk each other off on natural law or what have you, but at the end of the day we do need to fund our government.RiverguyVT wrote:ip_law-hokie wrote:Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
sounds like someone missed the lecture on "rights"
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
- Hokie CPA
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Re: So those of y'all who think the estate tax (
We managed to fund our government for 140 years without income and estate taxes. Just sayin.ip_law-hokie wrote:You guys can jerk each other off on natural law or what have you, but at the end of the day we do need to fund our government.RiverguyVT wrote:ip_law-hokie wrote:Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
sounds like someone missed the lecture on "rights"
I don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.
- ip_law-hokie
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Re: So those of y'all who think the estate tax (
Well, I guess you got me there. We can go back to 1830 and rock out.Hokie CPA wrote:ip_law-hokie wrote:You guys can jerk each other off on natural law or what have you, but at the end of the day we do need to fund our government.RiverguyVT wrote:ip_law-hokie wrote:Sounds like reality to me. I can only tell you to find a Libertarian paradise somewhere. Hope nothing catches on fire.BigDave wrote:So in other words, it all really belongs to the government to begin with and it's only by the grace of a merciful government that some portion of it is granted unto you?ip_law-hokie wrote:The government lays the underlying foundation for which we can "own" any property. Whether it be an automobile or 1.8 billion dollars in cash.
This sounds like a religion. "Glory to Government in the highest, and on earth peace to those on whom Its favor rests."
sounds like someone missed the lecture on "rights"
We managed to fund our government for 140 years without income and estate taxes. Just sayin.
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
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Re: So those of y'all who think the estate tax (
Yup! Anything over $14K annually is subject to a gift tax. So... you cannot beat the estate tax by "gifting" all of your assets to your kids the moment before you dieip_law-hokie wrote:There is a gift tax.Hokie5150 wrote:Then tax gifts as well.HvilleHokie wrote: Taxes are applied whenever money changes hands: employer to employee, estate to heir, customer to business.
Gift tax: http://www.irs.gov/Businesses/Small-Bus ... Gift-Taxes
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Re: So those of y'all who think the estate tax (
An interesting concept. However a consumption tax would be "job killing" to use GOP scare tactic lingo, since it would artificially raise the price of US goods and services. Unless there was a corresponding foreign import tax... and that starts to get complicated and create loopholes.nolanvt wrote:
Sounds like a great reason for a consumption-based tax system, which I support over the current system.
Not that this would be any worse than the current system...
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Re: So those of y'all who think the estate tax ("death tax")
So... you are saying that the estate tax is too low? Or applies to few people? Since it does not raise that much money?BigDave wrote:The most ever collected from the inheritance tax was $36.7 billion. That's a rounding error with our current deficits. And it was projected in a 2012 congressional study that repealing it would only have a net revenue reduction by $7 billion/year. That's $20/person.VoiceOfReason wrote:3) Why should the heir of a wealthy person live in this country and never pay taxes? Without the estate tax we would need to tax working people more to compensate. Is that what you favor? Working people paying full freight?
http://www.forbes.com/sites/charleskadl ... -dumb-tax/
I can assure you that my 2013 income taxes were much less than rounding error on our debt... but I think the IRS still expects me to pay them...
Re: So those of y'all who think the estate tax (
Well, there is also a lifetime exclusion in addition to the annual one ... you can exclude $5 million over a lifetime and whatever you exclude counts towards the inheritance tax exclusion. So for most of us, you don't have to worry about hitting it. (So if you give your kid a $30K car as a graduation present, then you are literally giving him part of his inheritance - you exclude 14K of it as part of the annual exclusion and the rest as part of the lifetime exclusion.)VoiceOfReason wrote:Yup! Anything over $14K annually is subject to a gift tax. So... you cannot beat the estate tax by "gifting" all of your assets to your kids the moment before you dieip_law-hokie wrote:There is a gift tax.Hokie5150 wrote:Then tax gifts as well.HvilleHokie wrote: Taxes are applied whenever money changes hands: employer to employee, estate to heir, customer to business.
Gift tax: http://www.irs.gov/Businesses/Small-Bus ... Gift-Taxes
But there has to be a gift tax as long as there is an income tax - otherwise there would be rampant income tax fraud. You would say that your nanny is a close family friend and you are giving her a gift of $whatever each month, so she doesn't have to pay income taxes on it.
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Re: So those of y'all who think the estate tax ("death tax")
You are not crazy. We progressives agree with you there. But when you start moving from goals to implementation... we prefer that you do not begin by negatively impacting the middle class and the poorest among us first. Some of us learned that in churchBigDave wrote:I may be crazy, but I always thought that the purpose of taxes should be to raise money to fund the government, not to promote or punish behaviors.HvilleHokie wrote:Commercial transactions should be taxed less aggressively than gifts/inheritance. The government should promote capitalism. That's why I say that income tax should go before inheritance tax.
- Hokie CPA
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Re: So those of y'all who think the estate tax (
I am only pointing out how cumbersome and expensive our government has become over the last 100 years. It shouldn't need anywhere near as much as it takes. It needs to be cut back, across the board. Cut everything from the military to personal and corporate subsidies.ip_law-hokie wrote:Well, I guess you got me there. We can go back to 1830 and rock out.
I don't care if you're a Democrat or a Republican... if you refuse to consider alternatives to the two parties, you support the Status Quo and you are a major part of the problem.