Repeal of estate tax will add 269 billion to deficit

[Stephanie]

So now someone cares about deficit spending?

Give it up moron! Infrastructure and science make up 5% of our goddamn federal budget. So you don't like driving on our roads and being warned about that approaching tornado? Why should the American people take it up the ass because you fuckers gave tax cuts for the rich and fought two wars???

pipe down. good grief you are one trick pony again

 

[hortysir]

Because we should never expect our government to really cut spending and live within its means

LOL,

You must be fucking kidding? Your wars and tax cuts are the cause of the debt. Not infrastructure, science, r&d, and education. Of course, anything that helps anyone else besides the very top is bad within your eyes.

Both infrastructure and science make up 5% of the entire budget. How exactly does it cause our debt?? It was higher under Reagan.

Living within our means would be slashing science, infrastructure and r&d investment into the ground as long as you don't wish to reform the real trouble makers. We'll be a third world shit hole! Of course, you'll blame it on Obama when we lose our first rate status as you're a pon.

You have to be so ignorant to believe that tax cuts and war doesn't cause debt but building infrastructure, science, r&d, and education do. This is like "major tard".

You two need to get your shit straight.

Are we discussing debt or deficit.
They are not the same. You know that, right?

 

[Rozman]

New York Estate Tax Nolo.com

From the article...

The New York estate tax rate, however, is much lower than the federal estate tax rate (40%); the state rate starts at five percent and goes up to 16%.

So if I read this right the Federal rate is 40 % and for NY State another 5%
So we are up to 45%....

Paying taxes on top of paying taxes...
Perfectly fine....For Libs anyway.
Or if you want it for infrastructure then by all means then screw those rich bastards...

 

[westwall]

Their hypocrisy and wealthy coddling politics never get old.

Wills Trusts Estates Prof Blog

Good! The people have already been taxed at least twice on their wealth in most cases. Time for you lazy pricks to grow up and get a damned job!

The deceased paid taxes on his income. Not the heirs. But they do get a 5.43 million dollar exemption this year.

Yes the heirs haven't. So what. The government has already gotten to take at least two bites out of the wealth that could otherwise have been spent on those heirs as they were growing up. What right do you have to take money away from them that has already been taxed?

 

[blackhawk]

So now we are suddenly concerned about debt and deficit? 269 billion added to the deficit is an outrage but not the 8 trillion and counting that has been added to the national debt.

 

[Stephanie]

Because we should never expect our government to really cut spending and live within its means

LOL,

You must be fucking kidding? Your wars and tax cuts are the cause of the debt. Not infrastructure, science, r&d, and education. Of course, anything that helps anyone else besides the very top is bad within your eyes.

Both infrastructure and science make up 5% of the entire budget. How exactly does it cause our debt?? It was higher under Reagan.

Living within our means would be slashing science, infrastructure and r&d investment into the ground as long as you don't wish to reform the real trouble makers. We'll be a third world shit hole! Of course, you'll blame it on Obama when we lose our first rate status as you're a pon.

You have to be so ignorant to believe that tax cuts and war doesn't cause debt but building infrastructure, science, r&d, and education do. This is like "major tard".

You two need to get your shit straight.

Are we discussing debt or deficit.
They are not the same. You know that, right?

So now we are suddenly concerned about debt and deficit? 269 billion added to the deficit is an outrage but not the 8 trillion and counting that has been added to the national debt.

It's just shocking to watch this

 

[Stephanie]

fits here I suppose

SNIP:
Tax Policy, Double Taxation, Tax Reform, and the Proper Definition of Income

April 15, 2015 By Daniel J. Mitchell
With so many Americans currently filled with anxiety about their annual tax forms, this is the time of year that many people wistfully dream about how nice it would be to have a simple and fair flat tax.


Unfortunately, there are many obstacles to better tax policy. I’ve previously addressed some of these obstacles.

1. Politicians who prefer the status quo make appeals to envy by making class-warfare arguments about imposing higher tax rates on those who contribute more to economic output.

2. Politicians have created a revenue-estimating system based on the preposterous notion that even big changes in tax policy have no impact on economic performance, thus creating a procedural barrier to reform.

3. Politicians enormously benefit from the current corrupt and complex systemsince they can auction off tax loopholes for campaign cash and use the tax code to reward friends and punish enemies.

Today, we’re going to look at another obstacle to pro-growth reform.

One of the main goals of tax reform is to get a low flat rate. This is important because marginal tax rates affect people’s incentives to engage in additional productive behavior.

But it’s equally important to have a system that taxes economic activity only one time. This is a big issue because the current internal revenue code imposes a heavy bias against income that is saved and invested. It’s possible, when you consider the impact of thecapital gains tax, corporate income tax, double tax on dividends, and thedeath tax, for a single dollar of income to be taxed as many as four times.

And what makes this system so crazy is that all economic theories – even Marxism and socialism – agree that capital formation is critical for long-run growth and rising living standards.

Yet here’s the problem. The crowd in Washington has set up a system for determining tax loopholes and that system assumes that there should be this kind of double taxation!

I’m not joking. You see this approach from the Joint Committee on Taxation. You see it from the Government Accountability Office. You see it from the Congressional Budget Office. Heck, you even see Republicans mistakenly use this benchmark.

ALL of it here:
Tax Policy Double Taxation Tax Reform and the Proper Definition of Income

 

[Flash]

So now someone cares about deficit spending?

You would think that after Obama has put us $7 trillion in the hole since becoming President that a little more debt wouldn't bother these Liberals that voted for the sonofabitch.

They remind of sheep, if Obama is for it so are they. if he's against it...so are they

and the HELL with the rest of in the country...

this one is damn insulting and disgusting.... how they are saying if they give a tax break it will add to the deficit...and more disgusting our fellow citizens is regurgitating it.

Disgusting is your idiocy. How do you look at your self in the mirror?

Excessive spending causes deficits.

If you don't want debt then don't spend more than you have. It ain't rocket science.

By the way, you conveniently forgot to mention that Senator Obama and the 2007 and 2008 Democrat controlled Congress voted for the lion's share of what is referred to as Bush's debt in your stupid chart. Then Obama continued spending the money and accumulating tremendously more debt.

A Democrat discussing debt is like a whore discussing abstinent.

 

[BluesLegend]

Repeal of welfare will reduce the deficit by trillions of dollars, there problem solved.

 

[Wildman]

Repeal of welfare will reduce the deficit by trillions of dollars, there problem solved.

WOW !! good post BL first logical reply i have seen in this thread which has turned into a shitfest.

we all understand.., libergreedypigs want to take everything from a dead person.

the Conservative wants the inheritance retained by the family.

so why continue to sling shit at each other ?