its not a death tax ..

Discussion in 'Politics' started by Siete, Oct 3, 2017.

  1. bendog
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    bendog Gold Member

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    Well it was difficult for the Rooney family to come up with the cash for the taxes, and further back in time Jack Kent Cooke's kid flat out could not, but the franchises had not been structured to pay the taxes. Sports franchises are interesting examples of what the tax does. Owners pay themselves salaries to be CEOs or some such shit. And they write off private planes, limodrivers, chefs ... and maybe hookers and blow .. as business expenses. But they don't pay much in income taxes. The REAL MONEY is in the value of the franchise ... which appreciates YUUUGELY. It is passive income. So, the question is whether the Rooney family should be treated somehow differently than the third or fourth generation of Rockefellers or Fords, who really don't contribute much to society from simply sitting on a pile of cash some old reprobate they never even met made? LOL
     
  2. HappyJoy
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    HappyJoy Gold Member

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    Isn't that what conservatives do when they claim the estate tax is so burdensome?
     
  3. Siete
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    Siete Gold Member

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    my family owned the Yankees for decades and a bank wouldnt loan the money to pay taxes ????????

    one phone call and its handled.
     
  4. jc456
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    jc456 Diamond Member Gold Supporting Member Supporting Member

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    burdensome, no, double taxation, yes.
     
  5. jc456
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    jc456 Diamond Member Gold Supporting Member Supporting Member

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    funny, now you want them to go into debt. it's double taxation plain and simple bubba.
     
  6. Siete
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    Siete Gold Member

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    I dont give two shits one way or the other bubba.
     
  7. jc456
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    jc456 Diamond Member Gold Supporting Member Supporting Member

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    well sure you do. why else you here in this thread then?
     
  8. Frankeneinstein
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    Frankeneinstein VIP Member

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    what buffett is saying here is that if the government does not take his money from him he will not help others, just his family because he feels that is the right thing to do...in any case it's his money and he can do what he wants with it...even better allocate than the government, unfortunately he, for some reason, failed to explain why he will not do such a good and charitable thing on his own.
     
  9. TroglocratsRdumb
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    TroglocratsRdumb VIP Member

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    So if it is only 5000 people or 0.000015625% of the American population then why are you so obsessed with stealing other people's inheritance?
     
  10. bendog
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    bendog Gold Member

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    Because we don't want to pay what they pay now.
     

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