Estate Tax Eliminated

[Captain Michael Buffington]

Dude listen, I am not saying I agree with what's going on.

Does this look like fun?



Or this?



No it really doesn't lol. That's why we pay taxes.

I mean if shit got sporty and we had to survive in a society without infrastructure I am pretty sure you and I would do quite well with the tools we have and the skills we've acquired. However, I'd like to think I didn't have to worry about throwing the ol AR on the back every time I wanted to go get a coffee at the 24 hour Dunkin Donuts (Starbucks is for Libs and Dems).

And in the grand scheme of things we're not looking that bad. Pretty sure the UK pays taxes and they aren't allowed to own handguns. Same with Canada.

I live in the People's Republic of NJ bro. C'mon now lol.

but I still don't think my grandparents life savings should be taxed 3 times.

I appreciate your point though.

Mike

[Big Jay]

but I still don't think my grandparents life savings should be taxed 3 times.

I appreciate your point though.

Mike

Well it's unfortunate because those left behind get stuck with the burden. Shit, if I die tax me all you want! I don't care.

I believe that all Vets/Servicemen/women should be exempt from the estate tax. Especially those killed in action or as a result of.

I believe taxes are essential and play an important role.

I believe they should be utilized in better ways and more efficiently though too.

[Captain Michael Buffington]

Mike

[Deep C]

Of the taxes we pay so little if any go to the stuff mentioned like running water and so on. The rest is pissed away. Hell a bill that passed a couple days ago for military stuff included 4.5 BILLION in pork fluff. Its out of control. This country could run just fine on about 20% of what it takes in taxes...
We as a nation have created a welfare society where those in it not only don't work, they can't! Multi generational hand outs have crippled a large sector of our society. How much is pissed away on illegal immigrants or providing all the ammenities of a comfy home to prisoners.
South Africa has a VAT tax... Thats it. They house and subsidise proportionately five times of what we do and that country has running water and all the shit we do on far far less per head... Lots of countries, top shelf civilized ones do... Stuff the welfare and hand out programs. Let em starve! They'll get hungry enough soon enough to get productive in a hurry.

[scalez]

What longfisher posted is correct but, as is so often the case, it is only part of the picture.

Reductions to the estate tax take have been going on for nine years. This is a part of the "Bush tax cuts". They, all of them, at set to expire at the end of 2010. At that point the estate tax threshold will revert to what it was in 2001 -- $700,000. Any estate worth more than $700,000 in 2011 will owe Uncle Sam 55% of the overage plus a lesser percentage to the state, unless congress extents the current law. As we all know, $700,000 aint what it once was.

I would like for longfisher to apply his calculator to the 2011 $700,000 threshold.

I believe it was Abraham Lincoln who argued that 'You can not help the poor by taxing the rich' .