The estate tax is very American

I'd like AD to point out the clause in The Constitution which specifies that it is the Federal Government's purpose to destroy perpetual wealth.

The Constitution actually gives us wide authority to pass our own laws, you may not be aware of this.


What a non sequitur of a comment.

I asked a question concerning A PURPOSE.

Where does The Constitution specify that one of the objectives of the Federal Government is to destroy perpetual wealth?
Taxing estates is as American as apple pie. The first estate tax was the stamp tax of 1797, which levied a tax on all wills and probates. It was followed by the tax act 1862 which levied a tax on inheritances. It was struck down in 1894 with a number of other taxes, which lead to the passage of the 16th amendment and later the Revenue act of 1916, which established the income, tax and the inheritance tax as we know it today.

The ideological stand both for and against the tax have merit and will probably be argued from now till doomsday. We could as Toro suggested, eliminated the tax and make up the revenue by raising the top tax bracket by a couple of points. As an alternative, I suggest we drastically lower the rates. They are now at 55%, which is one hell of a tax rate. The only estates that are actually taxed at 55% are estates where the individual did not do adequate estate tax planning. This is usually younger people with an estate who die unexpectedly or people who just don’t care. There are a number of strategies, all perfectly legal, all a pain in the ass that will drastically reduce or eliminate the tax burden. Of those estates that must file estate tax forms only half actually have to pay any tax.

I suggest we cut the tax to about 18% and eliminate most of the deductions.

How many people pay the estate tax?
Estate Taxes An Historical Perspective | The Heritage Foundation
Estate Tax Rate Table - Exemption From Estate Taxes: 1997 - 2013, Estate Tax Exemption
 
What is it with libs these days? Are they riding a patriotic Bin Ladin high? There is nothing "very American" about taxing the people who inherit an estate. If you want a warm fuzzy feeling about a historic "very American" tax try the "Whiskey Insurrection" that damned near tore the Country apart before it got started.
 
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However rw kooks like to tell lies to the American people and claim that the death tax will rob you from your family's farm.

Nothing more can be from the truth. The estate tax never robbed a small farmer from passing on his farm to his children, but rw kooks will tell you otherwise.

I am not a fan of taxation, but taxing uber rich estates is one of the best places to tax. Unfortunately, the GOP think that trustafarians are some of the most productive people in the world. They advocate for perpetual wealth and dynasties, all while claiming that this is American.

Perpetual wealth, especially created by the government, is hardly American. Wealth is created through hard work and ingenuity, but Republicans hate these American values.

It is truly disturbing.

Not taxing away someone's estate does not create wealth, but taxing it away destroys it. That's one good reason for opposing the estate tax. The other is that my property belongs to me, not the government. The later has no business taking anyone's property. it's theirs to dispose of as they wish.

Nothing is more American than the institution of private property.

There is nothing more unamerican than confiscatory taxation.
 
However rw kooks like to tell lies to the American people and claim that the death tax will rob you from your family's farm.

Nothing more can be from the truth. The estate tax never robbed a small farmer from passing on his farm to his children, but rw kooks will tell you otherwise.

I am not a fan of taxation, but taxing uber rich estates is one of the best places to tax. Unfortunately, the GOP think that trustafarians are some of the most productive people in the world. They advocate for perpetual wealth and dynasties, all while claiming that this is American.

Perpetual wealth, especially created by the government, is hardly American. Wealth is created through hard work and ingenuity, but Republicans hate these American values.

It is truly disturbing.

Moonbats keep saying things like this like it actually proves something, and they ignore stories like this one.

Inheritance taxes and the family farm | The Agonist

They also ignore facts like these.

PolitiFact Ohio | Rep. Jim Zehringer on point with comment on loss of family farms in Ohio

It is easy to make blanket statement that no one has ever lost their farm to the estate tax, it is a lot harder to back it up when the facts are presented.

https://litigation-essentials.lexisnexis.com/webcd/app?action=DocumentDisplay&crawlid=1&doctype=cite&docid=62+Wash+%26+Lee+L.+Rev.+729&srctype=smi&srcid=3B15&key=8a1bd4d716089d4fa691b017430f5eb8

You are quickly demonstrating that you know less than nothing about how things work. Keep up the good work.

.....The same EXACT reason no one listens to Teabaggers.

:eusa_hand:

Estate Tax FAQs

( Brought to you by those folks who actually HAVE money. )​
 
Perpetual wealth, especially created by the government, is hardly American. Wealth is created through hard work and ingenuity, but Republicans hate these American values.

It is truly disturbing.


Perpetual wealth, especially created by the government, is hardly American


yea we know.....we hear this from the righties here.....

Wealth is created through hard work and ingenuity, but Republicans hate these American values.

yea.... thats why we hear this so much from those rascally Republicans here......because they just hate those values....:rolleyes:

And the GOP, not only votes against these American principles, but they bring these issues table.

Stop being a dishonest kook.
C'mon....c'mon....show a little respect.

It's a sad day in.....

 
from the estate tax link above....(i guess it is a he said, she said)


What about farms and small businesses?

Very few family farms and small businesses are affected by the estate tax. The Congressional Budget Office estimates that with a $2 million exemption, only 123 farms per year in the U.S. would owe any estate tax, and the number of small businesses is similarly small. In 2001, the New York Times reported that American Farm Bureau Federation (who was in favor of repealing the estate tax) could not cite a single case of a family farm lost due to the estate tax.

On average, those few small business and farm estates will owe only 14 percent of the estate, so it is unlikely they will have to sell the business or farm. Plus, they can spread any payments over 14 years. They also benefit from special use valuation, and minority interests and marketability discounts.
 
Jeff Weintraub: Teddy Roosevelt & Adam Smith on inheritance taxes (Susan Dunn & Sam Fleischacker)

From Adam Smith to Thomas Jefferson, lovers of freedom have demanded that social privilege be earned -- not inherited. [....]
Estate taxes can easily look cruel or unfair if one calls them "death taxes." In fact, however, they are the fairest of all taxes, and have a long and proud history.
Adam Smith taught the students who attended his jurisprudential lectures that "there is no point more difficult to account for than the right we conceive men to have to dispose of their goods after death." He thought inheritance was clearly justified only when it was necessary to provide for dependent children.
Among those who attended Smith's lectures was the historian and jurist John Millar, who supported a change in the inheritance laws such that wills would be enforced only for a limited part of a person's property. Millar saw this as entirely compatible with a respect for property rights. He was joined in this, as in his enthusiasm for Smith, by Tom Paine.
And Thomas Jefferson, who described "The Wealth of Nations" as "the best book extant" on political economy, famously wondered at about the same time whether all hereditary privileges should be abolished since "the earth belongs in usufruct to the living." He could have been quoting Smith with those words: It is "the most absurd of all suppositions," said Smith, "that every successive generation of men have not an equal right to the earth."
 
NOTHING succeeds like GRAND-DADDY's success.
....And, some go on to (actually) get it right!!

"Stanley was the scion of a political family from Kentucky. His father was a government attorney; his namesake and grandfather, A. Owsley Stanley, who was a member of the United States Senate after serving as Governor of Kentucky and in the U.S. House of Representatives, campaigned, amongst other issues, against alcohol Prohibition in the 1920s. Another relative, William Owsley, also served as Governor of Kentucky in the mid-19th century."

 
Go read the DoI. It declared our independence from perpetual statehood.

Why are you so fucked up?


If a moron such as you thinks I'm fucked up, then I take that as a compliment.

No rational person would curry your good opinion.

You are fucked up. You pollute this board with useless opinions and then go around pumping your false ego.

You are one of the biggest trolls on the internet. Instead of taking that as an insult, you masturbate over it.

yeah, that explains why boedicca was banned, and you're still here.

Oh, wait...
 

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