Trump's tax plan

[SoufOaklin4Life]

I heard the Donald's tax plan was just yuge. YUGE. To make America great again.



The death tax is silly nonsense. This isn't the Ukrainian steppe or central Asia circa the year 900 where you could get blood feuds from sons inheriting more horses than someone else in the clan thought they should have. It's just a very convenient source of revenue for the State.

What it penalizes is trying to leave your children better off than your parents left you as that is one of if not the biggest motivators of human behavior in general and especially economic behavior. Like Milton Friedman said, except when we're young and wild we don't live so much in an individualistic society as we live in a family society. The individualist part of that comes from people starting their own families.

But, there isn't any penalty... your children are STILL being left off better.

 

[SoufOaklin4Life]

So wrong it's funny. There is a lifetime exemption on gift taxes, slappy. And there are seven figures in the number.
And Estate & inheritance taxes aren't INCOME taxes....they are transfer taxes, like sales taxes. They absolutely penalize success, as the ESTATE is reduced by the confiscatory taxes. And the accumulation of wealth was taxed multiple times. Never enough for you lazy-ass libs, who steal money from producers to pay lazy-ass union gov't employees, who then dole it out to the subdued masses who vote for more of the same, frequently because the Dem candidate LOOKS like them.
Wage EARNERS can walk away from a bad employer......welfare slaves are discouraged from doing that by their liberal masters.

estate/inheritence taxes are like Capital gains taxes.

 

[paulbl99]

I heard the Donald's tax plan was just yuge. YUGE. To make America great again.



The death tax is silly nonsense. This isn't the Ukrainian steppe or central Asia circa the year 900 where you could get blood feuds from sons inheriting more horses than someone else in the clan thought they should have. It's just a very convenient source of revenue for the State.

What it penalizes is trying to leave your children better off than your parents left you as that is one of if not the biggest motivators of human behavior in general and especially economic behavior. Like Milton Friedman said, except when we're young and wild we don't live so much in an individualistic society as we live in a family society. The individualist part of that comes from people starting their own families.

Brilliant
These anachronistic Bolshevik s are never satisfied.

Waiting for the day one declares he is for , as The Taxman sung:
That's one for you 19 for me.

 

[DyingOnPrinciple]

Except they're asking for 4 for every 6 you have, after the first $5.4 million. Damn communists.

Brilliant
These anachronistic Bolshevik s are never satisfied.

Waiting for the day one declares he is for , as The Taxman sung:
That's one for you 19 for me.

 

[FreeportPanther]

Except they're asking for 4 for every 10 you have, after the first $5.4 million. Damn communists.

Fixed.
Some are too stupid to realize that the Less the millionaires and billionaires pay, the more the thousandaires will pay. Sorry, but I'm not willing to fall on my sword for the 1%.

 

[NCPitt]

Fixed.
Some are too stupid to realize that the Less the millionaires and billionaires pay, the more the thousandaires will pay. Sorry, but I'm not willing to fall on my sword for the 1%.

I'm all for the hundredaires to pay something. Everybody needs to participate in funding the their government so they have ownership in the spending levels. Its the fair thing to do.

 

[SoufOaklin4Life]

I'm all for the hundredaires to pay something. Everybody needs to participate in funding the their government so they have ownership in the spending levels. Its the fair thing to do.

Their estates are subject to the same exemption level... No worries. It's fair.

 

[NCPitt]

Their estates are subject to the same exemption level... No worries. It's fair.

It seems to me that Freeport's post to which I replied was not about estates since he specifically mentioned "thousandaires".

But we've learned that you can't follow threads, haven't we?