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Started By
Message
re: Four Demorcat tax changes with grave consequences
Posted on 9/10/20 at 11:13 am to Rex Feral
Posted on 9/10/20 at 11:13 am to Rex Feral
Your post is too general... We need to balance the budget and reduce national debt. Republicans who like to call themselves Conservatives get revealed when the these topics come up.
IN GENERAL ...
#1 depends on the level. As long as small businesses don't get killed by the law, I am fine with Estate tax in general. We need revenue and I have no problem taking some from wealth that has been passed down for generations with the new generations doing little for society - living off their ancestors. Yes, DEMs usually way over do it.
#2 see 1 above.
#3 That concerns me IF it affects Upper Middle Income levels and below. In short, the real Middle Class should not suffer.
#4 See 1, 2 and 3 above.
I'd be fine with an increase in the corporate tax rate to 25% IF and ONLY IF, it was part of a package that cuts spending. That would NOT happen under a DEm administration (see Barry O'bama) and now appears to be unlikely under a GOP admin either. I'd vote for any candidate who agrees with what I just posted. Spending is insanely out of control.
---
"1. Potential reduction in the estate tax exemption
2. A potential reduction in the gift tax exemption and potential elimination of annual exclusion gifts
3. A repeal of step-up in basis
4. An increase in long-term capital gains tax"
IN GENERAL ...
#1 depends on the level. As long as small businesses don't get killed by the law, I am fine with Estate tax in general. We need revenue and I have no problem taking some from wealth that has been passed down for generations with the new generations doing little for society - living off their ancestors. Yes, DEMs usually way over do it.
#2 see 1 above.
#3 That concerns me IF it affects Upper Middle Income levels and below. In short, the real Middle Class should not suffer.
#4 See 1, 2 and 3 above.
I'd be fine with an increase in the corporate tax rate to 25% IF and ONLY IF, it was part of a package that cuts spending. That would NOT happen under a DEm administration (see Barry O'bama) and now appears to be unlikely under a GOP admin either. I'd vote for any candidate who agrees with what I just posted. Spending is insanely out of control.
---
"1. Potential reduction in the estate tax exemption
2. A potential reduction in the gift tax exemption and potential elimination of annual exclusion gifts
3. A repeal of step-up in basis
4. An increase in long-term capital gains tax"
This post was edited on 9/10/20 at 11:16 am
3
Posted on 9/10/20 at 11:34 am to TheGuitarMan1
quote:
1 depends on the level. As long as small businesses don't get killed by the law, I am fine with Estate tax in general. We need revenue and I have no problem taking some from wealth that has been passed down for generations with the new generations doing little for society - living off their ancestors. Yes, DEMs usually way over do it.
Lol. Government takes in more than enough, we don’t need to tax parents leaving businesses or money to kids. We need to raise social security retirement ages that haven’t been touched in generations even though the life expectancy has increased, and limit qualifications for Medicaid. Until we do that we are spraying a squirt gun at a forest fire talking about estate taxes
Posted on 9/10/20 at 12:10 pm to TheGuitarMan1
Sounds very democrat...wage earners are responsible for paying for asinine political pork and handouts. Conservatives aren't revealed. The conservative stance has always been show discipline, cut unnecessary spending. Those are always resisted and the solution is always more taxes...which damages the economy, increases the cost of living, increases unemployment, increases industry and jobs fleeing overseas. And that's exactly what will happen if the left gets in office and successfully enacts these things.
Posted on 9/10/20 at 12:59 pm to TheGuitarMan1
quote:
1 depends on the level. As long as small businesses don't get killed by the law, I am fine with Estate tax in general. We need revenue and I have no problem taking some from wealth that has been passed down for generations with the new generations doing little for society - living off their ancestors. Yes, DEMs usually way over do it.
Dumbest shite I've ever seen. ALL of that money has already been taxed.
You're a thief. Nothing more.
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