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re: 65% Estate Tax Proposal
Posted on 9/29/14 at 10:38 am to SirWinston
Posted on 9/29/14 at 10:38 am to SirWinston
quote:
why would anybody (except the top 1%) oppose this if the limit is only for 10 million dollars or above?
Because all that money is already taxed. Because government is pulling in record tax money.
Have you socialist clowns considered that the income gap has grown as taxes have increased?
1
Posted on 9/29/14 at 10:57 am to CptBengal
I believe the current rate is 40% after the $10 million tax free exemption. The smart political move would be to try raise the 40% figure to 65% and keep the 10 million exemption so 99+% estates have no tax but super rich get hit. Without reading the article my guess is bernie wants no exemption and go with the 65% figure for everybody. The key is to follow the money. The super rich, folks above the exemption like to merge themselves with people in the 1-10 million range so they don't get hit with a tax. Yet, the lawyers and accountants who donate money to pols want a tax for more business.
This post was edited on 9/29/14 at 11:05 am
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