House Votes 240-179 To Repeal Estate Tax
Death tax foes are at it again, gearing up for tax reform.
Argue away that both sides are corrupt (they are) but one party is ideologically against 98% of us.
House Votes 240-179 To Repeal Estate Tax
Death tax foes are at it again, gearing up for tax reform.
Argue away that both sides are corrupt (they are) but one party is ideologically against 98% of us.
I’m a groovy cat who’s into technology, Eastern Thought, and house music. I’m a proud and dedicated father to the coolest little guy on the planet (seriously, I'm NOT biased). I’m fascinated by ninjas, the Internet, and anybody who can balance objects on their nose for long periods of time.
I have a utility belt full of programming languages and a database of all my knowledge on databases... I practice code fu. Oh, I've also done actual Kung Fu, and have a black belt in Tae Kwon Do.
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I'm currently work for IBM developing web enabled insurance applications for IBM and support and develop a non-profit called The LittleBigFund.
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Kathryn Huxtable says
Yes, both parties have issues, serious ones, and both parties have a certain amount of corporate capture, but they are not the same.
Brian Serviss says
We see what the republitards prioritize here. 50 wasted votes to repeal the ACA with this unfettered kissing of the wealthy ass is proof enough as to the difference between the parties
Bruce Rick says
In the end, what is the difference between the rich and poor on this issue? Why should the rich be taxed for this when the poor and middle class are? Sure, the money will pay for more things by the government, by why should they really be taxed at all since the rest of us are not?
I personally would prefer more of a flat tax but I'm curious why anyone should be taxed more or less then someone else. The middle class is so over taxed already, I feel a flat tax across the border would make much more sense. I do not think anyone should be taxed on these "death" taxes because the person that died has already paid taxes on their money.
Paul Spoerry says
+Bruce Rick Because $1 for the rich is not the same as $1 for the poor that's why. Do you truly believe that if someone who gets pulled over for a traffic violation who makes $30,000/year and gets a $150 fine will feel that fine in the same way as someone who makes $300,000? Of course not…
Additionally, from 2009-20012 the top 1 percent captured 91 percent of all pre-tax income gains from 2009-2012 (http://eml.berkeley.edu/~saez/saez-UStopincomes-2013.pdf). How do we say that it's OK for the rich to make 99% of the income but then say they should only have to pay equal to a middle income earner?
Bruce Rick says
+Paul Spoerry , I'm just trying to figure out why it should be different between one person and the other period. I think the same fine should go for the traffic violation as well. It's the same crime, it costs the same amount. I don't really care if the person makes $5 a year or $5 million a year, a 10% flat tax would be that, 10%. You couldn't get out of it, you couldn't skip it, you couldn't write your way out of it and couldn't have write-off's on it, you just have to pay it.
I do believe a $1 to one person is the exact same as a $1 to another person. One person may have more of them then another person, but does that make them evil? I don't have a jealousy problem where I think I should have as much as the rich guy. They did something to get that and that is the way it is, I don't want their money.
Also, if you came up with a flat tax, then you would at least get money from everyone instead of the government owing money to the rich and the poor at the end of the year.
We are not saying that the amount of money the rich will pay will be the same as a middle income or lower income person. 10% of $5 million dollars is a lot more than 10% of %50k. Just think of all the money the government would have because there weren't $5 million dollars of write-off's from that rich guy if you want to think of it that way. To me a dollar is a dollar no matter who's hands it's in.
West Kagle says
Yeah, but one side gives these tax brakes to those who drive the economy, they in turn start new businesses, grow existing ones, generate jobs and create new wealth that the other 98% get to be a part of. The other side just keeps flushing money down the same bottomless toilet.
….also, it's unfair to term anyone living in the US as 'the 98%, and the entire US population is the 2% as compaired to the rest of the world.
Paul Spoerry says
+Bruce Rick "It's the same crime, it costs the same amount." um no it doesn't and that's my point. To someone making $300,000 it's nothing… to someone who makes $30,000 it means less to spend at the grocery store. #YouDontGetIt
+West Kagle Sorry bro but it's clear that trickle down economics doesn't work.
"…also, it's unfair to term anyone living in the US as 'the 98%, and the entire US population is the 2% as compaired to the rest of the world." If the US is the 98% then what are the 2% that are at the top of the US in terms of the global economy? Yeah… it's even more skewed when you look at it that way.
Bruce Rick says
It's still the same amount of money. Sure it doesn't seem the same between the two people, I understand that, but it is the same amount of money. $1 is $1, it doesn't change. How one treats that $1 makes no difference to me, and it shouldn't to you either.
I don't make a ton of money, but I don't it's right to take a bunch of someone else's money just because they make more. If you get a DUI it shouldn't matter how much you make, you should get the same fine. Also, if you kill someone, you should get the same fine and the same time in jail. There should be no difference between one and the other.
Thomas Wrobel says
The rich spend less % of their income then the poor, for that reason alone tax cuts to the rich have a less positive impact on the economy then the poor. You want to help more people? Tax cuts for the poor, not the rich.
The poor will stimulate the economy more.
Paul Spoerry says
+Bruce Rick "If you get a DUI it shouldn't matter how much you make, you should get the same fine." No… you should get an equivalent punishment. An equivalent fine doesn't punish equally because a poor person cannot bear the same financial impact as a rich person. A poor person cannot afford an attorney to get the violation knocked down to a lesser offense. Not getting an attorney will cause a spike in their insurance making the cost of the ticket have an even greater impact.
Bruce Rick says
I just don't agree with you +Paul Spoerry , so I guess we will agree on that part. We can agree to disagree lol.
West Kagle says
I wasn't paying attention……..how did we start takling about DUI. How 'bout folks don't drink and drive, and if you do, you should get burried in misfortune. I say we adopt the punishment that one of our souther neighbors have. I'm not sure which Central American country it is (I want to say Honduras). 1st offence is permanent loss of licence. 2nd offence is execution. Not a lot of DUIs there I'd bet.
Of course this could be an urban legend, but I still like it.
Paul Spoerry says
+West Kagle Simply using a ticket as an example of how the financial burden is radically different between a poor person and a wealthy one.
West Kagle says
+Paul Spoerry
Yeah, it's cool. Just being a little over the top dramitic. It's what I do. 😉