Here are the “rich” Mamdani wants to tax

[SweetTea]

Ah, so now they have 4 kids. Amazing. You’re emotional appeal gets narrower and narrower.

Now we are overly concerned with the financial wellbeing of four kids of a Brooklyn parent who bought a house for $80k which is now worth $900k and the concern is that the kids might miss out a marginal amount of inheritance.

Oh, and if they donate $200k to charity, that would reduce the amount of the estate to nearly the exclusion and result in a taxable estate of $50k. Even if the rate were 50%, which is very doubtful, the effective tax rate on the estate would be 3 percent.

Oh the horror! How will they ever overcome this?

It's not the government's money. What don't you understand about that?

 

[Lisa558]

It's not the government's money. What don't you understand about that?

Thank you! Why these leftists think they are entitled to other people’s money is beyond me.

 

[Marener]

It's not the government's money. What don't you understand about that?

That’s how taxes work. What don’t you understand about that?

 

[SweetTea]

You don’t know what you’re talking about.

There’s no taxes paid on the unrealized capital gains without an estate tax.

So? There's also no taxes on a unrealized capital gains for estates that fall under the estate tax threshold. Some people pay no federal income taxes at all in this country. Where is the outrage?

Your entire point is about wealth distribution. You need to move to another country.

 

[Mikeoxenormous]

The vile dems despise generational "wealth" of any amount..

Given the number of kids still living with their parents in NYC I guess they want to make them homeless or leave NYC when their parents die.

Ironic that Madmammy is a kid from a rich family.

https://www.firstpost.com/world/socialist-zohran-mamdani-under-fire-over-mothers-2-mn-house-labelled-nepo-baby-13903287.html

 

[Marener]

So? There's also no taxes on a unrealized capital gains for estates that fall under the estate tax threshold. Some people pay no federal income taxes at all in this country. Where is the outrage?

Your entire point is about wealth distribution. You need to move to another country.

You don’t think we should be worried about wealth distribution? What happens when more and more wealth gets concentrated into fewer and fewer hands?

Do you even care? Maybe not, as long as you’re one of the “haves” and not one of the “have nots”.

 

[Lisa558]

So? There's also no taxes on a unrealized capital gains for estates that fall under the estate tax threshold. Some people pay no federal income taxes at all in this country. Where is the outrage?

Your entire point is about wealth distribution. You need to move to another country.

He’s more upset that the government doesn’t get to take even more of someone’s money (who has ALREADY paid hundreds of thousands of dollars in federal income taxes all his life) than he is the fact that half of the country doesn’t pay federal income taxes AT ALL.

 

[Marener]

Thank you! Why these leftists think they are entitled to other people’s money is beyond me.

Why don’t you guys care about the amount of debt you’re saddling on future generations? People who aren’t even born are going to have to suffer because of you.

 

[Lisa558]

You don’t think we should be worried about wealth distribution? What happens when more and more wealth gets concentrated into fewer and fewer hands?

Do you even care? Maybe not, as long as you’re one of the “haves” and not one of the “have nots”.

The middle class elderly who own a $800,000 house is hardly a concentration of wealth.

What you won’t admit is that socialism doesn’t just take away the money of the rich. They take away the money of the middle class,

 

[Mr Natural]

Why don’t you guys care about the amount of debt you’re saddling on future generations? People who aren’t even born are going to have to suffer because of you.

With Trump about to start WWIII, you think there’ll be a future?

 

[SweetTea]

That’s how taxes work. What don’t you understand about that?

But everyone doesn't pay taxes. Penalizing success is not a good idea.

You seem like an intelligent person, albeit misguided. Use that intelligence to build wealth on your own and give it away as you see fit. Trust me, you will quickly realize that giving it to the government is not near as efficient as you giving it away.

 

[Lisa558]

Why don’t you guys care about the amount of debt you’re saddling on future generations? People who aren’t even born are going to have to suffer because of you.

I’m opposed to the debt. That’s why I think the first thing we should do is deport all the illegals costing us $160 billion NET a year, and move more people off a welfare by requiring they work.

And why blame ME personally for the debt? I’ve paid in a fortune in federal income taxes.

Why don’t you blame the leeches who pay in nothing? They’re half the country.

 

[Marener]

The middle class elderly who own a $800,000 house is hardly a concentration of wealth.

What you won’t admit is that socialism doesn’t just take away the money of the rich. They take away the money of the middle class,

And the inheritors of a $800,000 estate are going to pay a minuscule amount of taxes on that estate.

You keep trying to make this about “middle class” but it’s just not working.

 

[Lisa558]

But everyone doesn't pay taxes. Penalizing success is not a good idea.

You seem like an intelligent person, albeit misguided. Use that intelligence to build wealth on your own and give it away as you see fit. Trust me, you will quickly realize that giving it to the government is not near as efficient as you giving it away.

He seems young to me, and educated by the public education system to be angry at America, angry at boomers, and in love with the idea of socialism.

 

[Marener]

I’m opposed to the debt. That’s why I think the first thing we should do is deport all the illegals costing us $160 billion NET a year, and move more people off a welfare by requiring they work.

And why blame ME personally for the debt? I’ve paid in a fortune in federal income taxes.

Why don’t you blame the leeches who pay in nothing? They’re half the country.

You’re not opposed enough to sacrifice anything to deal with it.

It’s someone else’s fault and someone else’s problem.

I blame you because you vote for and support people who have enacted policies that make it far worse.

Typical entitlement mentality.

Still waiting for you to provide any data suggesting half the country are “leeches”.

 

[Lisa558]

And the inheritors of a $800,000 estate are going to pay a minuscule amount of taxes on that estate.

You keep trying to make this about “middle class” but it’s just not working.

So? It’s their parents’ money to do what they want to it, and $200,000 isn’t really a fortune. It’s enough to put a kid through a public college, buy a new car, and make a nice donation to a worthwhile charity.

Who are you to steal the parents’ money and dictate how it should be spent? Maybe the parent wanted to help his grandchild get a college education and see his son by a nice, new safe car.

 

[Meister]

And the inheritors of a $800,000 estate are going to pay a minuscule amount of taxes on that estate.

You keep trying to make this about “middle class” but it’s just not working.

800,000 is still middle class, you will deny it.

 

[Marener]

But everyone doesn't pay taxes. Penalizing success is not a good idea.

You seem like an intelligent person, albeit misguided. Use that intelligence to build wealth on your own and give it away as you see fit. Trust me, you will quickly realize that giving it to the government is not near as efficient as you giving it away.

All taxes are levied on money that doesn’t belong to the government.

The “penalizing success” talking point is nonsense. What are you going to do instead? Penalize failure? Make a tax on being broke? It’s gibberish.

Let’s get rid of income tax then. Why penalize work? Get rid of sales tax. Why penalize commerce?

Grow up.

 

[Lisa558]

You’re not opposed enough to sacrifice anything to deal with it.

It’s someone else’s fault and someone else’s problem.

I blame you because you vote for and support people who have enacted policies that make it far worse.

Typical entitlement mentality.

Still waiting for you to provide any data suggesting half the country are “leeches”.

I support Republicans - NOT the Democrats bringing in the illegals and throwing money away on ridiculous projects.

 

[Lisa558]

800,000 is still middle class, you will deny it.

And remember….thats the total estate. Doesn’t mean ONE heir is getting it all.