Republican Obstructionism and extremism will cost them
- Thread starter mame
- Start date
Dont Fear The Reefer
New Member
The death tax sucks, causes family farms and business' to be split up. Funny you work hard all your life and pay taxes and then when you dies they tax the stuff you already paid taxes on again and screw your descendants! Fuckin Liberal Morons
UncleBuck
Well-Known Member
"We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community.... The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate."
Teddy Roosevelt, Republican icon
partisan hacks are so dumb nowadays that they don't even realize where the things they hate came from.
UncleBuck
Well-Known Member
you never told me what you did with all the tax breaks you got.
since you brought it up...
Obama repealed the 2001 law and LOWERED the tax rate and INCREASED the amount exempted. this has the result of LOWERING the EFFECTIVE RATE while DECREASING the amount that can be taxed.
under the 2001 law, which was the one effective at the time, the tax rate would've shot up to 55% (2001 levels), and only allowed an exemption of 2 million.
Obama's law left the rate at 35% while increasing the exemption level to 5million.
another conservative move by the centrist president yet the parrots ignore....
mame
Well-Known Member
This explains it a bit:
I'm just arguing that because the top 1% owns ~35% of all US private wealth, in terms of marketable assets because they're generally very liquid, that a 38% overall tax burden isn't far off from what it should be.
mame
Well-Known Member
Yep. And to back that up a bit, this study shows that with an exemption level of 3.5 million only 13 family owned farms would fail to have enough liquid assets to pay the tax; At 5 Million, no family farms are put out of business.
dukeanthony
New Member
Obama is a Socialist tax and spend democrat who is also a kenyan muslim
canndo
Well-Known Member
If you are very poor then you are likely not paying income tax. If you are not paying income tax then I am likely paying for governmental services (such as your security) that you don't pay for. That means that I am carrying you. Does that mean that you are worthless as well? Shall I demand that you get a better job so that I don't have to pay your share?
SCARHOLE
Well-Known Member
Around here the poor farmers an ranchers died around the 30s with the depression an dust bowl.
Those left compete with ADM an huge corporations.
They own thousands of acres, an incrediblely high priced machines withc makes their wealth up for grabs when they die now.
Most farmers an ranchers aren't poor. Imho
The land their pioneering ancestors passed to them will be sold for tax reasons if not hidden with proper estaste planning...
canndo
Well-Known Member
I was given to understand that this country was built by people who profited from their own sweat. If this is true, then why has anyone any simpathy for those who may not inherit enough money? Inheritance is a method of accumulating wealth across generations and if allowed to continue results in a sort of economic feudalism. Beyond even that, the dead do not have rights. Anyone who cannot contend with inheritance taxes doesn't deserve the money he has anyway.
canndo
Well-Known Member
Other than that though, how do you like him?
you completely ignore what he's saying... let me repeat ZERO FAMILY FARMS ARE AT RISK B/C OF THE ESTATE TAX.
and to set you straight, again, OBAMA LOWERED THE TAX BASE AFFECTED BY ESTATE TAXES, AND LOWERED THE RATE THEY PAY AS WELL.
so basically now at a federal level less millionaires are paying a lower estate tax rate than in 2001.
SCARHOLE
Well-Known Member
I'm not trying to piss you dems off.
We can agree that we diss agree an be civil.
I like you guys.
You grid lock alot of the stupid republican shit, lol
I simply believe we Are kiilling off the the goose that lays the golden eggs by taxes an regulations on all trade an buisness in this country.
Maybe we already have......
I have never been hired by a poor guy.
Only rich folks who got where they were with hard work...
We can agree that we diss agree an be civil.
I like you guys.
You grid lock alot of the stupid republican shit, lol
I simply believe we Are kiilling off the the goose that lays the golden eggs by taxes an regulations on all trade an buisness in this country.
Maybe we already have......
I have never been hired by a poor guy.
Only rich folks who got where they were with hard work...
UncleBuck
Well-Known Member
funny, most of the rich inherit or marry into their wealth (or earn it dishonestly).
and none of those rich people would hire a single person without DEMAND, which is spurred by the aggregate of all the people, not just the wealthy.
given the state if the economy right now, which do you think will produce and save more jobs: writing a large check to those already rolling in it, or freeing up the bottom half to actually spend money and create demand?
i can't believe i am even wasting my time replying to someone spouting off fox news talking points.
dukeanthony
New Member
A rich man was asked how he became rich
he responded as Follows
me and My wife were poor during the depression. I took an apple i bought for a penny and shined it up and sold it for 2 cents
I then Bought 2 apples and shined them up and sold them
a week later My father Inlaw died leaving us a million dollars
he responded as Follows
me and My wife were poor during the depression. I took an apple i bought for a penny and shined it up and sold it for 2 cents
I then Bought 2 apples and shined them up and sold them
a week later My father Inlaw died leaving us a million dollars
Harrekin
Well-Known Member
You guys are completely insane when it comes to taxes, you's bitch and moan that you pay too much.
Over here we pay 21% up to 25,000 a year income tax and 42% on earnings over that.
Then we pay 6ish % PRSI (pay related social insurance).
On top of that we have a 9% "Universal Social Charge" tax on all gross income.
Then when we want to buy something our VAT on all goods is 21% and on certain services it's 13.5%...
Added to that everything is way more expensive too anyways over here.
Your tax rate is low, stop getting butthurt when they want to take more, you's have so many "extended combat operations" (cos they're not actually wars) and other pointless Gov spending, where do you think the scrilla-vanilla comes from?!
Over here we pay 21% up to 25,000 a year income tax and 42% on earnings over that.
Then we pay 6ish % PRSI (pay related social insurance).
On top of that we have a 9% "Universal Social Charge" tax on all gross income.
Then when we want to buy something our VAT on all goods is 21% and on certain services it's 13.5%...
Added to that everything is way more expensive too anyways over here.
Your tax rate is low, stop getting butthurt when they want to take more, you's have so many "extended combat operations" (cos they're not actually wars) and other pointless Gov spending, where do you think the scrilla-vanilla comes from?!