whenever someone takes 1/2 of mine it gets detrimental

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Post #253,773

by boxley

4/28/06 2:08:35 PM

whenever someone takes 1/2 of mine it gets detrimental

if the old fart cut me a check before he coughs then I pay 28%. Cause it was tied up in property and it didnt sell before he coughed I pay 50% I call bullshit, its the same pile of dough
thanx,
bill

Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep

Post #253,776

by ben_tilly

4/28/06 2:14:11 PM

It wasn't yours

It was your father's. The question is how much should transfer over to you.

As for "detrimental", I understand you to be arguing that having a rich parent is detrimental because you get hit with this tax. I'm pointing out that having a rich parent and getting hit with this tax still leaves you better off than having a poor parent and not. So on balance you're still better off having a rich parent.

Better off is not "detrimental" in my books.

Cheers,
Ben

I have come to believe that idealism without discipline is a quick road to disaster, while discipline without idealism is pointless. -- Aaron Ward (my brother)

18 wealthy families behind estate tax repeal movement. - (inthane-chan) - (87) - April 28, 2006, 09:15:37 AM EDT

And rightly so. - (pwhysall) - April 28, 2006, 09:23:19 AM EDT

the income/equity has already been taxed once - (boxley) - (84) - April 28, 2006, 09:40:13 AM EDT

Disagree. - (Another Scott) - (3) - April 28, 2006, 09:47:50 AM EDT

There are many bad things in life. - (pwhysall) - (1) - April 28, 2006, 09:53:47 AM EDT

"They'll tax the pennies on your eyes" (new thread) - (jb4) - April 28, 2006, 01:25:08 PM EDT

hogwash, you think they sit around on piles of money? - (boxley) - April 28, 2006, 09:54:22 AM EDT

What is fair? - (ben_tilly) - (76) - April 28, 2006, 10:49:22 AM EDT

so if you get mugged its fair if you are rich? -NT - (boxley) - (75) - April 28, 2006, 11:07:31 AM EDT

It's income. Tax it. -NT - (Silverlock) - (74) - April 28, 2006, 11:10:56 AM EDT

Fair enough. As income. -NT - (imric) - April 28, 2006, 11:13:30 AM EDT

income should be taxed, savings from income already taxed - (boxley) - (72) - April 28, 2006, 11:23:27 AM EDT

Exactly. -NT - (pwhysall) - April 28, 2006, 11:51:00 AM EDT

That is it in a nutshell. - (bepatient) - (42) - April 28, 2006, 11:57:52 AM EDT

Bah. - (Another Scott) - (23) - April 28, 2006, 12:34:41 PM EDT

how very marxist of you - (boxley) - (19) - April 28, 2006, 12:46:24 PM EDT

I don't think Teddy was a Marxist. -NT - (Another Scott) - (1) - April 28, 2006, 12:50:11 PM EDT

For those who don't understand that comment... - (ben_tilly) - April 28, 2006, 01:26:04 PM EDT

You have to have balance - (ben_tilly) - (16) - April 28, 2006, 01:23:49 PM EDT

so advocating theft of private property to balance power is - (boxley) - (15) - April 28, 2006, 01:25:42 PM EDT

Yes, it is. - (ben_tilly) - (14) - April 28, 2006, 01:30:59 PM EDT

Oh you mean national socialism, got it -NT - (boxley) - (13) - April 28, 2006, 02:06:23 PM EDT

Nice insult - (ben_tilly) - (12) - April 28, 2006, 03:00:51 PM EDT

not an isult just a description of what you want to do - (boxley) - (11) - April 28, 2006, 03:16:41 PM EDT

Then use another description - (ben_tilly) - (10) - April 28, 2006, 04:43:11 PM EDT

well lets see, that party believed that all wealth was at - (boxley) - (9) - April 30, 2006, 07:23:22 PM EDT

You been taking rhetoric lessons from BeeP? - (jb4) - (8) - April 30, 2006, 07:46:30 PM EDT

Sorry Ben, Ascribed a quote from Todd to You - (boxley) - (7) - April 30, 2006, 08:13:34 PM EDT

I don't think that's the "banker" he meant - (drewk) - (5) - April 30, 2006, 09:16:20 PM EDT

maybe not but the freekin local squire with his hand out - (boxley) - (3) - April 30, 2006, 09:22:44 PM EDT

What are you gonna do with it - (tuberculosis) - (2) - May 1, 2006, 12:20:49 AM EDT

I think my kids could sqander as efficiently as a government -NT - (boxley) - May 1, 2006, 08:17:45 AM EDT

Not spend it on invading Iraq, for one thing. -NT - (pwhysall) - May 1, 2006, 09:36:23 AM EDT

It was a reference to Monopoly -NT - (tuberculosis) - May 1, 2006, 12:20:19 AM EDT

The usual quote is "rags to rags in three generations" - (ben_tilly) - May 1, 2006, 01:49:59 AM EDT

And you'll see me be very consistent - (bepatient) - April 28, 2006, 01:00:51 PM EDT

I see your Bah and raise you a Feh. - (pwhysall) - (1) - April 28, 2006, 01:53:19 PM EDT

Wow, is that ever a 'well worn' arguement. - (Andrew Grygus) - April 28, 2006, 02:32:17 PM EDT

Cry me up a river - (ben_tilly) - (12) - April 28, 2006, 01:22:02 PM EDT

so having a rich dad is a detriment - (boxley) - (11) - April 28, 2006, 01:29:12 PM EDT

What do you call having a poor dad then? - (ben_tilly) - (4) - April 28, 2006, 01:34:04 PM EDT

s/few years/rest of your life - (inthane-chan) - (1) - April 28, 2006, 01:54:10 PM EDT

I said a nice place :-P - (ben_tilly) - April 28, 2006, 02:08:15 PM EDT

whenever someone takes 1/2 of mine it gets detrimental - (boxley) - (1) - April 28, 2006, 02:08:35 PM EDT

It wasn't yours - (ben_tilly) - April 28, 2006, 02:14:11 PM EDT

Please provide verifiable references . . . - (Andrew Grygus) - (5) - April 28, 2006, 01:35:02 PM EDT

:-) - (Another Scott) - (1) - April 28, 2006, 03:44:53 PM EDT

Yeah, we had that in my family too. - (Andrew Grygus) - April 28, 2006, 05:40:39 PM EDT

Andrew Jackson's Grandchildren - (boxley) - (2) - April 30, 2006, 07:07:32 PM EDT

Eh? - (Another Scott) - (1) - April 30, 2006, 07:41:28 PM EDT

When I was at the Hermitage I saw info that had the begats - (boxley) - April 30, 2006, 07:59:23 PM EDT

Its a tax on *personal* wealth - (tuberculosis) - (4) - April 29, 2006, 01:05:57 AM EDT

Small set of victims is larger than the set your after. - (bepatient) - (3) - April 29, 2006, 11:17:26 AM EDT

s /surf/serf/ "Surf's up at Wal-Mart!" :-) -NT - (Another Scott) - April 29, 2006, 11:34:17 AM EDT

I disagree on how good it is - (ben_tilly) - April 29, 2006, 11:58:08 AM EDT

not if you measure in dollars - (tuberculosis) - April 29, 2006, 11:42:00 PM EDT

Look at it from the child's point of view - (ben_tilly) - (27) - April 28, 2006, 12:41:48 PM EDT

Difference is, when you get that income - (bepatient) - (19) - April 28, 2006, 01:03:30 PM EDT

So I don't keep the house, big deal. - (ben_tilly) - April 28, 2006, 01:15:32 PM EDT

Easy - (JayMehaffey) - (17) - April 28, 2006, 01:29:03 PM EDT

Since you've never had this happen to someone you know - (bepatient) - (16) - April 28, 2006, 02:04:28 PM EDT

Compromise suggested - (ben_tilly) - April 28, 2006, 02:10:27 PM EDT

Don't know about New Jersey - (JayMehaffey) - (4) - April 28, 2006, 02:40:36 PM EDT

Selling part of a farm - (imric) - April 28, 2006, 03:18:00 PM EDT

Lovely use of statistics - (bepatient) - (2) - April 28, 2006, 04:29:46 PM EDT

Figures where for 2000, current rate is lower. - (JayMehaffey) - (1) - April 28, 2006, 05:25:24 PM EDT

Re: Figures where for 2000, current rate is lower. - (bepatient) - April 28, 2006, 06:34:26 PM EDT

Latest numbers and info from the IRS. - (Another Scott) - (1) - April 28, 2006, 04:03:23 PM EDT

Estate tax level is current wacky - (JayMehaffey) - April 28, 2006, 05:08:32 PM EDT

Re: Since you've never had this happen to someone you know - (tuberculosis) - (7) - April 29, 2006, 01:10:05 AM EDT

Try.. - (bepatient) - (6) - April 29, 2006, 11:12:14 AM EDT

Nota bene - (jake123) - April 29, 2006, 11:55:15 AM EDT

All true, but that's a different problem - (drewk) - April 29, 2006, 08:56:24 PM EDT

Mortgage or move - (tuberculosis) - (3) - April 29, 2006, 11:40:20 PM EDT

Interesting take - (bepatient) - (2) - April 30, 2006, 10:55:11 AM EDT

So take Ben's solution. - (inthane-chan) - April 30, 2006, 12:41:41 PM EDT

I have no intention - (tuberculosis) - April 30, 2006, 04:33:08 PM EDT

why should you have to pay %50 taxes because your - (boxley) - (1) - April 28, 2006, 01:24:16 PM EDT

simple, your parents had more money...that makes it fair. -NT - (bepatient) - April 28, 2006, 02:06:43 PM EDT

Does your father(s estate) get to write off the expense? - (drewk) - (4) - April 28, 2006, 10:01:38 PM EDT

I know someone who did it. - (broomberg) - (2) - April 28, 2006, 10:27:14 PM EDT

I know multiple people who've done that - (ben_tilly) - April 28, 2006, 10:34:33 PM EDT

That's a little different, as I understand it. - (Another Scott) - April 28, 2006, 11:04:37 PM EDT

Its called a living trust came into being with the ERISA law -NT - (boxley) - April 30, 2006, 07:10:52 PM EDT

This tax was deliberately confiscatory when introduced. - (Andrew Grygus) - (2) - April 28, 2006, 01:26:20 PM EDT

I'd agree with that -NT - (ben_tilly) - April 28, 2006, 01:34:21 PM EDT

She's got vast... tracts of land. -NT - (jake123) - April 29, 2006, 02:50:52 AM EDT

This surprises you? -NT - (tuberculosis) - April 29, 2006, 07:04:09 AM EDT

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