Raise the size of the estate that triggers it to $20 million next year, and then keep it indexed to inflation thereafter.
Good enough?
Cheers,
Ben
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