How many people pay the estate tax in each state

[Political Junky]

Not many, if any, on this board will ever pay this tax.

How many people pay the estate tax in each state
Chart shows how many pay estate tax:
A key difference between the House and Senate tax bills that will have to be resolved this week is how they handle the estate tax, which is levied on a small number of multi-millionaires. The House repeals the tax after a few years, while the Senate raises the exemption.

 

[Billy_Kinetta]

How many pay is not the point.

 

[Rambunctious]

Not many, if any, on this board will ever pay this tax.

That is ridiculous...it affects thousands of people every year and growing with all of the Boomers retiring...besides it's double taxation of the same dollar....it's not righteous but neither are the (I want what you have progs)...

 

[Political Junky]

Not many, if any, on this board will ever pay this tax.

That is ridiculous...it affects thousands of people every year and growing with all of the Boomers retiring...besides it's double taxation of the same dollar....it's not righteous but neither are the (I want what you have progs)...

You didn't read the article and chart.

 

[Rambunctious]

You didn't read the article and chart

Didn't have to...

 

[Rambunctious]

If it's not that many people than the government can do without that little bit of money!!!!

 

[danielpalos]

It should stay as long as we have debt.

 

[Political Junky]

You didn't read the article and chart

Didn't have to...

 

[Rustic]

Not many, if any, on this board will ever pay this tax.

How many people pay the estate tax in each state
Chart shows how many pay estate tax:
A key difference between the House and Senate tax bills that will have to be resolved this week is how they handle the estate tax, which is levied on a small number of multi-millionaires. The House repeals the tax after a few years, while the Senate raises the exemption.

An a estate tax is double taxation, People that live off of envy support it obviously.
It is unconstitutional absolutely

 

[Penelope]

Not many, if any, on this board will ever pay this tax.

That is ridiculous...it affects thousands of people every year and growing with all of the Boomers retiring...besides it's double taxation of the same dollar....it's not righteous but neither are the (I want what you have progs)...

Oh and salt deduction is not double taxation. Here is a hint, the dead do not pay taxes, so the offspring of the dead get like a tax free lottery ticket. So no, its not double taxation.

 

[Rambunctious]

Oh and salt deduction is not double taxation. Here is a hint, the dead do not pay taxes, so the offspring of the dead get like a tax free lottery ticket. So no, its not double taxation

The dollars were taxed when they were earned and that should be that...it's not your money you little self centered greedy thief...

 

[Penelope]

Oh and salt deduction is not double taxation. Here is a hint, the dead do not pay taxes, so the offspring of the dead get like a tax free lottery ticket. So no, its not double taxation

The dollars were taxed when they were earned and that should be that...it's not your money you little self centered greedy thief...

Like I said the rich offspring get a free lotto ticket. Once again the dead do not pay taxes.

 

[Rambunctious]

It's not your money...it belongs to the person that worked hard to earn it and it should go to where that person that earned it wants it to go...why are you so hung up on offspring getting what belongs to them...if it's a "lottery ticket" (dumbest thing I've heard in a while) so what? why should the federal government get the ticket?...you can not make a good argument for giving it to the government...It's just greed on your part...

 

[MindWars]

 

[danielpalos]

Those taxes should pay off the debt.

 

[jwoodie]

Oh and salt deduction is not double taxation. Here is a hint, the dead do not pay taxes, so the offspring of the dead get like a tax free lottery ticket. So no, its not double taxation

The dollars were taxed when they were earned and that should be that...it's not your money you little self centered greedy thief...

The "double taxation" argument may apply to after-tax dollars that were stuffed in a mattress, but the estate tax is primarily a means of assessing taxes on income (e.g., interest) and capital gains that otherwise would completely escape any taxation. The biggest problem is with the estate tax is that it is only imposed on the assets of wealthy people who fail to take advantage of numerous tax-avoidance schemes (aka estate planning). For example, if stocks are passed through a trust, the beneficiary is allowed to ignore their untaxed appreciation and sell them the next day without any tax liability.

 

[Rambunctious]

The "double taxation" argument may apply to after-tax dollars that were stuffed in a mattress, but the estate tax is primarily a means of assessing taxes on income (e.g., interest) and capital gains that otherwise would completely escape any taxation.

If it escapes taxation it does so for a reason...you can't tax a dead persons earnings and call it justifiable...No matter how bad you want to do so it was already taxed unless it was nontaxable earnings which if you are dead they are still nontaxable earnings...
that definition doesn't change just because you passed away...your next of kin is entitled to your hard work not the government...
Push back on this and watch Trump win again...the people do not want a death tax... you are in the extreme minority...one day you will recognize that...

 

[jwoodie]

it was already taxed unless it was nontaxable earnings which if you are dead they are still nontaxable earnings...

Do you consider capital gains to be nontaxable earnings?

 

[Rambunctious]

Do you consider capital gains to be nontaxable?

Not necessarily but some earnings capitol gains and income earnings are not taxed fully due to business and household expenditures such as deductions...You can't then say at the time of a persons death that all gets wiped away and we the government gets it...some offspring spends thousands of their own money to care for a loved one and to take their inheritance is wrong and not cool and not favored in this nation...go ahead and try it though...Please!

 

[danielpalos]

it was already taxed unless it was nontaxable earnings which if you are dead they are still nontaxable earnings...

Do you consider capital gains to be nontaxable earnings?

Why is there a "work tax"?