How will eliminating the Estate Tax benefit the Middle class?

It’s none of the federal government business on how little or how much anybody makes, it’s only the individuals business
stop complaining about social benefits for the poor; or, the poor need to look into, how the rich actually make their money.
It’s called ambition… Some people have it some people don’t.
It is called, the abomination of hypocrisy, some people are ambitious about it, some people aren't.
Anybody can be successful if they have the ambition and the sense of urgency. It is extremely easy to do that in capitalism.
People only have themselves to blame when it comes to a “living”...
It is policy for some on the left to not take the right wing seriously about anything, but their twice a day moments.

Capitalism has a natural rate of unemployment that merely exists for the bottom line of capitalists, not an efficient economy.

Market based wages should be enough to purchase private forms of unemployment insurance.
A safety net?
 
stop complaining about social benefits for the poor; or, the poor need to look into, how the rich actually make their money.
It’s called ambition… Some people have it some people don’t.
It is called, the abomination of hypocrisy, some people are ambitious about it, some people aren't.
Anybody can be successful if they have the ambition and the sense of urgency. It is extremely easy to do that in capitalism.
People only have themselves to blame when it comes to a “living”...
It is policy for some on the left to not take the right wing seriously about anything, but their twice a day moments.

Capitalism has a natural rate of unemployment that merely exists for the bottom line of capitalists, not an efficient economy.

Market based wages should be enough to purchase private forms of unemployment insurance.
A safety net?
Yes, dear; socialism has to bail out capitalism, simply for the sake of social morals for free.
 
Loopholes are already defined; I don't need to resort to right wing fantasy.

and, this a class warfare issue.

In other words - you 'don't know and this conversation is getting uncomfortable'.

Lucky for you, as a recovering lefty I still speak the language and can interpret. ;)

btw - Class warfare in the US doesn't exist except as a tool for the advancement of a political ideology...and it sure ain't mine. What about the topic of this thread - eliminating the estate tax?
 
Loopholes are already defined; I don't need to resort to right wing fantasy.

and, this a class warfare issue.

In other words - you 'don't know and this conversation is getting uncomfortable'.

Lucky for you, as a recovering lefty I still speak the language and can interpret. ;)

btw - Class warfare in the US doesn't exist except as a tool for the advancement of a political ideology...and it sure ain't mine. What about the topic of this thread - eliminating the estate tax?
I am not the one special pleading a point on, "my begging the question".
 
Loopholes are already defined; I don't need to resort to right wing fantasy.

and, this a class warfare issue.

In other words - you 'don't know and this conversation is getting uncomfortable'.

Lucky for you, as a recovering lefty I still speak the language and can interpret. ;)

btw - Class warfare in the US doesn't exist except as a tool for the advancement of a political ideology...and it sure ain't mine. What about the topic of this thread - eliminating the estate tax?
Class warfare clearly exists for the right wing. The poor, simply are not worth equal protection of the law under our form of Capitalism.
 
Huh?

You're talking nickels and dimes. When you get
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?
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
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.
End our wars on crime, drugs, and terror to end our income tax.
So, you will accept crime, drugs, and acts of terror in our streets in order to avoid having to give up freebies from the government. Have I got that right?
Getting freebies from the government means we won't need crime, drug, and terror wars.

You want to explain this amazing leap of logic?
 
I am not the one special pleading a point on, "my begging the question".

Sorry, that is beyond even my considerable talent in interpreting liberal-speak. Maybe a refresher course in gobbledygook.
Loopholes are already defined. I don't need to create a definition. Why continue as if I do?

'Zat so?...and here I thought that's what you folks do best - create definitions.
I only do it when existing definitions are inadequate.
 
Huh?

You're talking nickels and dimes. When you get
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
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.
End our wars on crime, drugs, and terror to end our income tax.
So, you will accept crime, drugs, and acts of terror in our streets in order to avoid having to give up freebies from the government. Have I got that right?
Getting freebies from the government means we won't need crime, drug, and terror wars.

You want to explain this amazing leap of logic?
Solving simple poverty means it really can be immoral to steal when you have recourse to an income.
 
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.
End our wars on crime, drugs, and terror to end our income tax.
So, you will accept crime, drugs, and acts of terror in our streets in order to avoid having to give up freebies from the government. Have I got that right?
Getting freebies from the government means we won't need crime, drug, and terror wars.

You want to explain this amazing leap of logic?
Solving simple poverty means it really can be immoral to steal when you have recourse to an income.
So, let me see if I understand ....

You suggest that ending the wars on crime, drug, and terror will make stealing REALLY immoral, right? Is that what you're telling us? You somehow think that the only reason we have terrorists, thieves, and drugs is because people are going hungry? It's not immoral NOW to steal of do drugs or blow people up? These crimes are only done by poor people?

Amazing.
 
End our wars on crime, drugs, and terror to end our income tax.
So, you will accept crime, drugs, and acts of terror in our streets in order to avoid having to give up freebies from the government. Have I got that right?
Getting freebies from the government means we won't need crime, drug, and terror wars.

You want to explain this amazing leap of logic?
Solving simple poverty means it really can be immoral to steal when you have recourse to an income.
So, let me see if I understand ....

You suggest that ending the wars on crime, drug, and terror will make stealing REALLY immoral, right? Is that what you're telling us? You somehow think that the only reason we have terrorists, thieves, and drugs is because people are going hungry? It's not immoral NOW to steal of do drugs or blow people up? These crimes are only done by poor people?

Amazing.
Solving simple poverty means every customer can be a Good customer.
 
So, you will accept crime, drugs, and acts of terror in our streets in order to avoid having to give up freebies from the government. Have I got that right?
Getting freebies from the government means we won't need crime, drug, and terror wars.

You want to explain this amazing leap of logic?
Solving simple poverty means it really can be immoral to steal when you have recourse to an income.
So, let me see if I understand ....

You suggest that ending the wars on crime, drug, and terror will make stealing REALLY immoral, right? Is that what you're telling us? You somehow think that the only reason we have terrorists, thieves, and drugs is because people are going hungry? It's not immoral NOW to steal of do drugs or blow people up? These crimes are only done by poor people?

Amazing.
Solving simple poverty means every customer can be a Good customer.
Platitudes, my boy, platitudes.

Explain how stopping the war on terror, for example, eliminates terror.
 
Getting freebies from the government means we won't need crime, drug, and terror wars.

You want to explain this amazing leap of logic?
Solving simple poverty means it really can be immoral to steal when you have recourse to an income.
So, let me see if I understand ....

You suggest that ending the wars on crime, drug, and terror will make stealing REALLY immoral, right? Is that what you're telling us? You somehow think that the only reason we have terrorists, thieves, and drugs is because people are going hungry? It's not immoral NOW to steal of do drugs or blow people up? These crimes are only done by poor people?

Amazing.
Solving simple poverty means every customer can be a Good customer.
Platitudes, my boy, platitudes.

Explain how stopping the war on terror, for example, eliminates terror.
we can abolish our income tax so everyone can keep more of their money.
 
You want to explain this amazing leap of logic?
Solving simple poverty means it really can be immoral to steal when you have recourse to an income.
So, let me see if I understand ....

You suggest that ending the wars on crime, drug, and terror will make stealing REALLY immoral, right? Is that what you're telling us? You somehow think that the only reason we have terrorists, thieves, and drugs is because people are going hungry? It's not immoral NOW to steal of do drugs or blow people up? These crimes are only done by poor people?

Amazing.
Solving simple poverty means every customer can be a Good customer.
Platitudes, my boy, platitudes.

Explain how stopping the war on terror, for example, eliminates terror.
we can abolish our income tax so everyone can keep more of their money.
Yes, we can .. if you are willing to forego national security, national parks, military readiness, roads, energy, etc., etc., etc. Who pays for those?
 
Estates that consist largely of family-owned businesses are the most vulnerable to the estate tax (ET). The value of the portion of a business owned by a deceased person, including the business’s assets, such as equipment and property, is included in their estate. The high value of these assets is the cause of the problem for family-owned businesses.

The business’s assets make the estate appear valuable on paper and can raise the value of the estate above the threshold over which the estate is subject to the ET. Just because the business’s assets are worth enough to push the value of the estate above the threshold does not mean the family has enough cash available to pay the tax. Family-owned businesses often reinvest all available resources back into the business to keep its operations running consistently or purchase new equipment and property to grow the business. These family businesses cannot easily sell their assets to raise cash when the ET hits because those assets are necessary to generate income and employ workers. Nevertheless, if a family member passes away, the ET liability of the estate would apply to the full value of those assets.

If a business’s available cash does not cover the full estate tax bill, the family must sell some of its assets—despite their necessity for the operation of the business. The forgone assets the business sells to pay the tax lowers its income-generating capability, forcing it to reduce wages or let go of some existing workers because of reduced capacity. Even if the business can pay the ET liability without reducing its workforce or lowering wages, it can no longer use the resources diverted to paying the tax bill to expanding the business, adding workers, or raising wages. The best-case scenario for a family business hit with the ET is to have its growth slowed rather than stopped or, in the worst-case scenario, reversed. The family could have used the cash that goes to pay that tax to add new workers, pay higher wages, or increase benefits. It does not matter if the tax confiscates cash, assets, or a combination of both from a family business. It is still a tax on capital that reduces the ability of family-owned businesses to expand, hire new workers, and pay higher wages.

Although the ET is a tax on capital regardless of the assets that a family must forgo to pay it, the relative illiquidity of some assets held by family businesses (such as farmland and other infrequently traded equipment) increases the economic inefficiency of the tax even more and amplifies the negative impact on the family holding the hard-to-sell property. Families often must sell such assets that do not regularly trade in active markets to raise money to pay the tax. Due to the lack of an active market, these families must often accept prices for these assets that are lower than they would have received if they had more time to sell the property.
 
Solving simple poverty means it really can be immoral to steal when you have recourse to an income.
So, let me see if I understand ....

You suggest that ending the wars on crime, drug, and terror will make stealing REALLY immoral, right? Is that what you're telling us? You somehow think that the only reason we have terrorists, thieves, and drugs is because people are going hungry? It's not immoral NOW to steal of do drugs or blow people up? These crimes are only done by poor people?

Amazing.
Solving simple poverty means every customer can be a Good customer.
Platitudes, my boy, platitudes.

Explain how stopping the war on terror, for example, eliminates terror.
we can abolish our income tax so everyone can keep more of their money.
Yes, we can .. if you are willing to forego national security, national parks, military readiness, roads, energy, etc., etc., etc. Who pays for those?
Explain how stopping the war on terror, for example, eliminates terror.
 
So, let me see if I understand ....

You suggest that ending the wars on crime, drug, and terror will make stealing REALLY immoral, right? Is that what you're telling us? You somehow think that the only reason we have terrorists, thieves, and drugs is because people are going hungry? It's not immoral NOW to steal of do drugs or blow people up? These crimes are only done by poor people?

Amazing.
Solving simple poverty means every customer can be a Good customer.
Platitudes, my boy, platitudes.

Explain how stopping the war on terror, for example, eliminates terror.
we can abolish our income tax so everyone can keep more of their money.
Yes, we can .. if you are willing to forego national security, national parks, military readiness, roads, energy, etc., etc., etc. Who pays for those?
Explain how stopping the war on terror, for example, eliminates terror.
Ok --- you repeated my question. Am I to assume that your non-response means you have no response?
 

New Topics

Forum List

Back
Top