How will eliminating the Estate Tax benefit the Middle class?

Discussion in 'Current Events' started by Syriusly, Sep 27, 2017.

  1. Rustic
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    Rustic Diamond Member

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    The death tax double taxation. Dolt
     
  2. danielpalos
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    danielpalos Gold Member

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    No, it isn't. Only the right wing comes up with such lazy arguments. Raising taxes means more money to pay the Debts.
     
  3. Spare_change
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    Spare_change Gold Member

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    Now, THAT is a lazy argument! In fact, it's not an argument at all.

    Ok ... let's get serious about this.

    You claim taking money from one person to buy stuff to give to another person is good, right? It's not robbing Peter to pay Paul, right? Maybe you can explain that to me.

    Then, you say "raising taxes means more money to pay the debts.", right? Why is it that you don't address the spending side of that equation? If we spent less, we'd have more money to pay the debts, right?

    So, let's cut spending .... in fact, how about this?? Let's cut spending by 20% AND raise tax revenue by 20%. Sound like a deal? That work for you?
     
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  4. Syriusly
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    Syriusly Diamond Member

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    Bernie Sander's proposal
    Sanders calls for hike to the estate tax
    He would also increase tax rates so anyone who inherits an estate or assets worth between $3.5 million and $10 million faces a 45 percent tax rate; anyone who inherits an estate worth between $10 million and $50 million faces a 50 percent tax rate, and anyone who inherits an estate worth more than $50 million faces a 55 percent tax rate.

    So the claim that 'the Dem's have proposed confiscating everything over $5 million dollars- is indeed a lie.

    You can apologize now.
     
  5. Syriusly
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    Syriusly Diamond Member

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    Waaaaaah taxing the wealthiest Americans is unfair!
     
  6. Spare_change
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    Spare_change Gold Member

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    Sorry ---- that was his proposal back in 2015. Look at his most recent one.

    Back to the drawing board.
     
  7. danielpalos
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    danielpalos Gold Member

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    It simply doesn't work that way. The social Power to Tax is delegated to Congress for the Union.

    Why not end the drug war to pay for health care?
     
  8. Spare_change
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    Spare_change Gold Member

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    Is that a serious proposal? Let's take it under consideration.

    In 2010, the drug war cost the federal government $15 billion. Last year, healthcare cost the state and federal government $3.49 trillion. Clearly, your proposal doesn't even make a dent in the problem.

    I'm aware how the power to tax works .... but thanks for the lesson.. Talk to your congressman - get him to cut 20% from spending, and I will talk to mine and get him to propose raising tax revenue by 20%.

    Fair enough?
     
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  9. danielpalos
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    danielpalos Gold Member

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    That is how much we would be reducing in spending. We would be generating more revenue via more taxes from commercial pot.

    Marijuana Sales Totaled $6.7 Billion In 2016

    $1 Billion In Marijuana Taxes Is Addictive To State Governors
     
  10. Spare_change
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    Spare_change Gold Member

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    Huh?

    You're talking nickels and dimes. When you get
    You're talking nickels and dimes. Taxes on $6 billion, at 20%, is $1.2 billion. (Of course, that's assuming that all $6 billion is pure profit, which we clearly know it isn't) Add that to the $15 billion we saved in spending, we're all the way up to $16.2 billion.

    Keep working.

    When you get to $3 trillion, let me know.
     
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