Interesting take

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Post #253,863 by bepatient 4/30/06 10:55:11 AM Reply	Interesting take Alot more extreme than I would have expected of a father. This is not a dig...your view is clear...I'm just wondering if it may mellow as you and family age gracefully. The small business thing is real...whether you want to recognize it or not. Restaurants are a huge example in Philly. Mom and Dad open...all the kids work it and when the last parent dies the kids have to close and sell the building to MAYBE make the tax payment because the limits are so low. In these cases it goes against damned near every core value most people want to protect. Again, I'm ok with docking half of Sam Walton. The leftover half would make all his kids very comfortable forever. I'm completely against the collateral damage that happens all the time...and at current levels is REALLY going to start showing now given real estate valuation. If you push something hard enough, it will fall over. _{Fudd's First Law of Opposition} [link\|mailto:bepatient@aol.com\|BePatient]
Post #253,873 by inthane-chan 4/30/06 12:41:41 PM Reply	So take Ben's solution. Bump it up to $20mil, then index to inflation. When somebody asks you to trade your freedoms for security, it isn't your* security they're talking about.*
Post #253,887 by tuberculosis 4/30/06 4:33:08 PM Reply	I have no intention of building a legacy for my kid to inherit. If she wants to make it, she'll make it on her own. I'll help her, sure. But I'm not busting my ass so she can sit on hers. Typically, rich kids don't generally do as well as their parents. Observe Paris Hilton for instance. One might suspect that this may be partially caused by them figuring they'll inherit it all anyhow so why put in the effort. There are mechanisms for transferring business interests that can avoid the inheritance tax. For instance, if the restaurant is truly a family business, then the kids can gradually take it over via vesting agreements. I also agree that the threshold could be made - oh $5million to pull a number out of the air - to fix the edge cases you cite. [link\|http://www.blackbagops.net\|Black Bag Operations Log] [link\|http://www.objectiveclips.com\|Artificial Intelligence] [link\|http://www.badpage.info/seaside/html\|Scrutinizer]

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

When you make someone eat shit, feed it to them with the right fork.
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