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It's a bogus increase and wouldn't affect the 1% at all.
originally posted by: MiloTheMarauder
Sounds good to me, they should tax actors and athletes that make over a million at least 50%.
originally posted by: stinkelbaum
correct, but it should appeal to the disgruntled bernie supporters. sanders tried to paint himself as socialist-lite, so screwing the rich for every penny possible should be high on his agenda.
trump needs to push her on how she would enact it, i doubt she could keep a straight face about any plans to strip the riches from the richest.
originally posted by: Darkmadness
a reply to: Profusion
That's exactly what we need!
Let's enact aggressive wealth destroying policies and billionaires will love investing all their capital in this country.
originally posted by: seagull
a reply to: Profusion
Advantage? Why?
Oh, right... Those evil 1%'ers.
Death taxes are legalized theft.
But, knowing that it would probably be a transition process I'd start with closing the loopholes that allows family members to receive any income from a charitable foundation formed by my family.
originally posted by: seagull
a reply to: WilburnRoach
Why should they invest here when, after they die, over half of it is taken from their children? What incentive is there for them to invest?
originally posted by: seagull
a reply to: mOjOm
...and?
Change the damned laws then, or is that too much work? Easier just to steal it, right?
Legalized theft isn't the answer. ...and who do you think is going to get that money, anyway? Certainly won't be me.
originally posted by: seagull
a reply to: mOjOm
...and?
Change the damned laws then, or is that too much work? Easier just to steal it, right?
Legalized theft isn't the answer. ...and who do you think is going to get that money, anyway? Certainly won't be me.
originally posted by: seagull
a reply to: mOjOm
Pay back the nation that takes half of their estate in death taxes
Most relatively simple estates (cash, publicly traded securities, small amounts of other easily valued assets, and no special deductions or elections, or jointly held property) do not require the filing of an estate tax return. A filing is required for estates with combined gross assets and prior taxable gifts exceeding $1,500,000 in 2004 - 2005; $2,000,000 in 2006 - 2008; $3,500,000 for decedents dying in 2009; and $5,000,000 or more for decedent's dying in 2010 and 2011 (note: there are special rules for decedents dying in 2010); $5,120,000 in 2012, $5,250,000 in 2013, $5,340,000 in 2014, $5,430,000 in 2015, and $5,450,000 in 2016.
Beginning January 1, 2011, estates of decedents survived by a spouse may elect to pass any of the decedent’s unused exemption to the surviving spouse. This election is made on a timely filed estate tax return for the decedent with a surviving spouse. Note that simplified valuation provisions apply for those estates without a filing requirement absent the portability election.