re: Estate taxes

Whenever a gooooooooooooooooooooberment needs to alter a tax, it should be voted on by the people.

It is the only way we can get the goooooooooooooooooooooberment we want.

$5 million in 2025

BUT why should there be any??? if you are going to take 45% of an individuals assets why not take everybody's? why not take yours?? oh the same tax is on gifts too--it you give away money you owe a gift tax

you just do like people with more money than you---folks that paid more taxes than you, took more chances than you, employ more people than you ect.

quote:

---

I know it will be painful, but the only way out of this debt is inflation.

---

Unfortunately, d/t debt load, we're closing in on fiscal dominance.

The higher we inflate, the greater the cost-of-carry, and given a $34T debt, CofC is the elephant in the room.

At an annual 4% CofC, we're adding ~$1.4T to the budget in interest alone. ~$2T at an annual 6% CofC. That is juxtaposed against $6T of non-interest outlays, and $5T in revenue.

IOW, at a 6% CofC Total outlay would be $8T. With $5T in revenue, the deficit pops to $3T. Tough to inflate out of that without dramatic budget cuts.

quote:

---

$5 million in 2025

---

Maybe. Politicians seem to have an easier time of renewing existing tax exemptions than passing new ones though.

quote:

---

BUT why should there be any???

---

I mean, why should anyone be taxed, amirite? Government ? We don't need that. Tear it all down. Just a bunch of wokist trannies who hate Jesus.

quote:

---

you just do like people with more money than you---folks that paid more taxes than you, took more chances than you, employ more people than you ect.

---

That's not true though, you made it up.

quote:

---

The estate tax doesn’t make the slightest dent in receipts. The annual receipts from the estate tax are less than what we sent the Ukraine this year. It is simply a tax dems use to pander to the masses and play on their envy.

---

Hey my taxes made an even lesser dent in receipts, maybe I should be exempt from taxation.

quote:

---

Hey my taxes made an even lesser dent in receipts, maybe I should be exempt from taxation.

---

You were taxed on your income. As are the wealthy. While I’m not a fan of that, you have the option to not earn an income and pay no taxes. Additionally, you are part of a class (presumably) that makes up a huge percentage of receipts. Not nearly as much as the wealthy, though. Death should not be a taxable event. Period.

If you’re looking to increase receipts, look to the 52% that pay no income taxes. Or perhaps the government should do away with the exemption all together and take 40 percent of your estate when you die.

If the estate tax exemption gets low enough it would absolutely destroy the economy. Though, you dems are usually good at that.

quote:

---

You were taxed on your income.

---

Yeah. Income that I worked for. I'd much rather be taxed on passive income than income I had to fight for.

quote:

---

As are the wealthy.

---

Surel I guess if you consider a capital gain to not actually be a gain. Weird how when the assessed value of my home goes up, my taxes go up even thought I haven't realized that gain, but somehow if my dad's stock portfolio increases in market value and he dies without realising the gain, I shouldn't be taxed on that.

quote:

---

look to the 52% that pay no income taxes.

---

You mean the people with no money? Yeah brilliant plan maybe we can pass a 10000% tax on incomes less than 30k a year and solve all our debt problems.

quote:

---

If the estate tax exemption gets low enough it would absolutely destroy the economy.

---

How? If the current exception expires, I'll be on the hook for the estate tax at some point. I may be even without it expiring, only time will tell. What am I gonna do with that money? Am I gonna rush out and spend it all? No way. Low risk investments and forget it's even there is my plan outside of whatever chunk I wanna give to charity. But whatever taxes the government takes from it will be spent into the economy fairly quickly. So it's hard to see how it would be better.

quote:

---

Yeah. Income that I worked for. I'd much rather be taxed on passive income than income I had to fight for.

---

Go for it. You do realize that for lost of us passive income is income earned on income we “fought for” and already paid taxes on, right?

quote:

---

You mean the people with no money? Yeah brilliant plan maybe we can pass a 10000% tax on incomes less than 30k a year and solve all our debt problems.

---

Strange response. Usually dems are all about everyone paying their “fair share.”

quote:

---

How?

---

See above. You clearly have not thought through the potential consequences. Or don’t have the ability or knowledge to even be able to do so. But hey, as long as you stick it to the rich, right?

quote:

---

Low risk investments and forget it's even there is my plan outside of whatever chunk I wanna give to charity. But whatever taxes the government takes from it will be spent into the economy fairly quickly. So it's hard to see how it would be better.

---

Yikes. You sound the the IRS attorney at my first tax court trial. “The problem BBONDS is that your clients are acting like it is their money.”

I will never see eye to eye with people, like you, who think it’s all the governments money and they decide what we are allowed to keep.

Fock that "you didnt build that" MFer ,commie ,gay blade.

Father should have pulled out before he pro-created that SOB who's third term must cum to and end...NOW

quote:

---

he is confusing state and local taxes with federal taxes.

---

Yep.