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prplhze2000 
LSU Fan
Parts Unknown
Member since Jan 2007
29264 posts
 Online
| Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 11:23 am)
and the death of local businesses. They constantly shriek "buy local buy local buy local"
Yet they support high estate taxes which force "local" businesses to sell out when the owner dies.
Just my thought for the day.
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Tim
LSU Fan
Texas
Member since Jan 2005
5336 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 11:29 am to prplhze2000)
They contradict themselves on almost every point.
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ironsides
LSU Fan
new york, ny
Member since May 2006
4408 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 11:59 am to Tim)
I'll bet they all own union manufactured televisions, stereos, and mobile phones as well.
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Wolfhound45
LSU Fan
WhereverTheArmySendsUs
Member since Nov 2009
7531 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:01 pm to ironsides)
Look for, the union label...
Forward!
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Layabout 
UNO Fan
Baton Rouge
Member since Jul 2011
4482 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:05 pm to prplhze2000)
quote:
Yet they support high estate taxes which force "local" businesses to sell out when the owner dies.
The first $5 million is exempt and the tax does not apply to property passing to a spouse. The top tax rate after the exclusion is 35%. Most people will never be affected by the estate tax.
The reason a lot of businesses don't survive is that the heirs want cash, not a business that they have to run.
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CHSBears 
Texas A&M Fan
Baton Rouge
Member since Aug 2007
336 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:45 pm to Layabout)
That is fixing to change Jan 1, 2013. Unless extended it will go to 1 million exclusion and 55% tax.
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mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
2166 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:47 pm to Layabout)
quote:
The first $5 million is exempt and the tax does not apply to property passing to a spouse. The top tax rate after the exclusion is 35%. Most people will never be affected by the estate tax.
The reason a lot of businesses don't survive is that the heirs want cash, not a business that they have to run.
this 
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DapperDan
LSU Fan
Member since Jul 2012
1226 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:47 pm to Layabout)
quote:
The first $5 million is exempt
not in about 1.5 months.
quote:
The top tax rate after the exclusion is 35%
Payable in cash 9 months after the death. Soooo...if all of ones assets are tied up in a business, I guess they better hope the business isnt worth over 1 million dollars. amirite.
quote:
Most people will never be affected
Should we apply this rationale to other areas??
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Tim
LSU Fan
Texas
Member since Jan 2005
5336 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:50 pm to Layabout)
quote:
The reason a lot of businesses don't survive is that the heirs want cash, not a business that they have to run.
Do you own a business? Or does your family? If not, STFU, you have no idea what you are talking about...
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EZE Tiger Fan
Member since Jul 2004
22547 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:53 pm to Tim)
quote:
Do you own a business? Or does your family? If not, STFU, you have no idea what you are talking about...
Of course he doesn't. Like the majority of leftists, he hasn't a clue about business or economics. The stupidity of the intellectual elite shocks me daily here.
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ironsides
LSU Fan
new york, ny
Member since May 2006
4408 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 12:53 pm to DapperDan)
quote:
Should we apply this rationale to other areas??
Yes we should! Let's apply it to:
1) Union laws. Let's repeal them. Unions shouldn't exist and most people will never be affected.
2) Affirmative action. We're in a post racial US anyways and most people will never be affected.
3) Voter ID Laws. Who doesn't have an ID? and most people will never be affected.
4) Welfare. Most people will never be affected.
5) Marijuana laws. Most people will never be affected.
6) Gun control laws. Most people will never be affected.
etc;
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TheBiggestSpur 
South Carolina Fan
Member since Oct 2012
1049 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 1:11 pm to ironsides)
I love it when they say buy local and fight the corporations! Yet they all buy Apple, Starbucks, and LOOOOOOOOVVVVVVVVEEEEEEEEEEEEEEEEE Europe.
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Layabout
UNO Fan
Baton Rouge
Member since Jul 2011
4482 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 1:29 pm to CHSBears)
quote:
That is fixing to change Jan 1, 2013. Unless extended it will go to 1 million exclusion and 55% tax.
I don't think anyone seriously expects Congress to not extend the current rates and exemptions. Let's hope they can get it done without the tea party brinkmanship that we saw last year over the debt ceiling.
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Politiceaux
LSU Fan
Big Lake, LA
Member since Feb 2009
11836 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 1:36 pm to Layabout)
quote:
Let's hope they can get it done without the tea party brinkmanship that we saw last year over the debt ceiling.
quote:
Both sides insist they want a deal before January, but a rising chorus of voices, especially Democrats, say they would rather go over the cliff than accept a deal that raised too few taxes while extracting too many cuts, especially to Medicare and Medicaid.
NYT
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Elcid96
LSU Fan
Member since May 2010
4389 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 1:47 pm to Layabout)
quote:
Let's hope they can get it done without the tea party brinkmanship that we saw last year over the debt ceiling.
Yeah those crazy bastards who want us to live within our means...crazy I tell you just crazy.
quote:
I don't think anyone seriously expects Congress to not extend the current rates and exem
I don't think anyone takes you seriously when it comes to economic issues.
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DapperDan
LSU Fan
Member since Jul 2012
1226 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 1:52 pm to Layabout)
quote:
I don't think anyone seriously expects Congress to not extend the current rates and exemptions
um. why do you think this? It is being planned for all over the place. Just because you don't have the assets necessary to worry about these changes, doesn't mean that those that do don't worry about it either.
It seems to me you like to shrug off any concern that doesn't directly affect you.
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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
17426 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 1:56 pm to prplhze2000)
quote:
Whats funny about progressives is they always complain about corporations
and the death of local businesses. They constantly shriek "buy local buy local buy local"
Yeah and the irony is they also like big centralized command and control federal government. Kind of like big corporations. And they hate when lower level governments have power (state and local levels). Kind of like local businesses.
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TigerTattle
LSU Fan
Out of Town
Member since Sep 2007
3945 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 1:58 pm to mmcgrath)
quote:
the heirs want cash, not a business that they have to run.
What difference does that make? The business and other assets belong to the person who built (yes, built) them and has already been taxed.
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bayoudude
LSU Fan
Houma
Member since Dec 2007
15675 posts
| re: Whats funny about progressives is they always complain about corporations (Posted on 11/16/12 at 2:13 pm to Layabout)
quote:
The first $5 million is exempt and the tax does not apply to property passing to a spouse. The top tax rate after the exclusion is 35%. Most people will never be affected by the estate tax.
Maybe so but for those of us affected it is a nightmare. You go from having a family business that is paid for to facing millions in debt just because someone dies and uncle sam wants a piece.
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