Keep the Death Tax Dead

Discussion in 'Politics' started by Mr.Conley, Mar 24, 2007.

  1. Mr.Conley
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    Mr.Conley Senior Member

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    Here's an issue close to my heart that I firmly believe we as a nation need to address. The Death Tax hurts America, the economy and the people. It's time for it to go.
     
  2. Bullypulpit
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    Bullypulpit Senior Member

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    The estate tax, as it stands, affects only those estates valued at $3 million or greater...a tiny minority of estates. But more importantly, estate taxes help prevent the accumulation of wealth in the hands of a few, the ultimate result of which is the formation of an aristocracy.
     
  3. Mr.Conley
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    Mr.Conley Senior Member

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    The estate tax can and does also affect farmers and businessmen large and small. In addition, it also discourages economic growth. It takes away money that rightfully belongs to the people.
     
  4. Dirt McGirt
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    Dirt McGirt Bad Mother****er

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    Agreed. I don't mind taxing the rich for their fair share...while they're still alive.

    Besides, 3 million dollars isn't really that much money now a days compared to 20 years ago.
     
  5. jillian
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    jillian Princess Supporting Member

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    Actually, the family farm thing is anectodatal and, when asked for examples, the people who are pushing this issue have been resoundingly silent.

    I love how you're all fighting for the right of George Bush and Paris Hilton to get money they didn't earn tax free.

    You are aware it's about 14 families this is really an issue to. They're the ones who have funded the issue and lobbied the Repubs.

    Right now, it's about 1 1/2 million that's exempt. I don't care if you raise the exemption to 6 million, but I'm sorry, the whole point of the Estate Tax was that we're not supposed to have a "landed gentry".
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Then it has sorely failed. The really massive wealth is held in trusts which are exempt from death taxes.
     
  7. Mr.Conley
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    Mr.Conley Senior Member

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    There are farmers and small businesses who are adversely affected by the Death Tax. A surprising number are in California.

    In addition, the Death Tax discourages economic growth by creating an incentive for families to constrain the size and value of their business and assets.

    And while the very rich may benefit from the repeal, that doesn't mean the tax won't exist. Besides, is a nearly 50% tax rate in any way fair? That's just not right.
     

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