toby2 said:The billionaries don't pay estate taxes anyway. They have trust accounts, massive lawyers on the payroll to avoid taxes. So stop the crap that they are getting a tax break.
Why should a family be taxed for someone dying? Because they have too much money?
That's what income taxes are for. Look that up too: redistribution of wealth has been part of the intent of income taxes from the very beginning.toby2 said:If as you say>>>have a legitimate interest in preventing the growth of an hereditary aristocracy.
Then why wait till the die, take Bill Gates money now, Strip the Walton family, The Kennedy's have way to much money............
That's the Repuke way. In fact, it's become the conservative's way, as often as not. False dichotomies are the staple of their platform(s).Desh said:He talks as if the tax takes it all and leaves them nothing.
I suggest, then, that you look into the public debate in 1894-95, 1913 and 1935. Those are the episodes during which our modern system of income taxation evolved. You'll find the very phrases "redistribution of wealth" and "shifting the [tax] burden to the wealthy" prominent in all three.toby2 said:I disagree Ornot, income tax was not designed to redistrubite wealth to instead a way for the goverment to pay for services provided. Those are two different concepts. And the tax was on earning, not assets. Another big difference. The devil is in the details isn't it? LOL
Care4all said:because a GREAT DEAL of this money HAS NEVER BEEN TAXED....look it up...it has been sheltered from taxes during the dead man's life, now upon death, the taxes are paid that were never paid, that is, after the first $2.5 million, which is exempt from ever having been taxed....