Death tax

Discussion in 'Budget & Taxes' started by trickyricky, Nov 6, 2017.

  1. Reiver

    Reiver Well-Known Member

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    Come now. Tell me where there is microeconomic comment in the clearly rant comments that you, for some unknown reason, decided to refer to?
     
  2. bringiton

    bringiton Well-Known Member

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    In the question. Which you cannot answer.
     
  3. Reiver

    Reiver Well-Known Member

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    You do make me laugh. You refer to quotes that clearly were rant and then tell me that proves otherwise.
     
  4. bringiton

    bringiton Well-Known Member

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    Of course it is easy to dismiss anything you can't answer as "rant."
     
  5. Capt Nice

    Capt Nice Well-Known Member

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    Yes you earned it but I'm guessing the forefathers involved decided that the recipients of your wealth didn't earn it and therefore decided to tax this 'new found' wealth. I don't know this to be true but I'm just making a guess.
     
  6. Longshot

    Longshot Well-Known Member

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    There's no logic to it. If I give my kid $20 to go see a movie, should he pay income tax on that?
     
  7. Reiver

    Reiver Well-Known Member

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    Those rants were rant. There was no economics. Why you'd refer to two rant comments which provided no economic comment is a strange one. Has dissonance hit home too strongly?
     
  8. Mr_Truth

    Mr_Truth Well-Known Member

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    taxes are paid on earned income or asset appreciation such as increased tax value or interest

    gifts are generally not taxed
     
  9. Longshot

    Longshot Well-Known Member

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    What if I give the gift at the moment of my death?
     
  10. Mr_Truth

    Mr_Truth Well-Known Member

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    You likely mean your estate gives sums to the beneficiaries. If so then the first $5.4 million is exempt from taxation. Anybody who receives more than that shouldn't complaining too much especially if the estate holds sums overseas in tax free accounts.
     
  11. bringiton

    bringiton Well-Known Member

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    Why should contributing to the wealth of the community be taxed?
    Asset appreciation is not taxed until it is liquidated, and even then not always.
    More generally, earning is taxed, but taking without earning is not. The intent of the tax code may be judged on the basis of that fact.
     
  12. bringiton

    bringiton Well-Known Member

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    Your refusal to know the relevant facts of economics does not convert those facts into rants, sorry.
    That is your incorrect opinion.
    As they say in Japan, "It's mirror time!"
     
  13. bringiton

    bringiton Well-Known Member

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    The fact that you cannot answer the question proves they were not rants.
     
  14. Mr_Truth

    Mr_Truth Well-Known Member

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    ¹Even in the Bible it says to pay taxes.

    ²Real estate appreciates and taxes are often raised when that happens.

    ³Lottery winnings do not constitute "earned income" and are not subjected to social security or disability taxation. However, they are subjected to income tax.
     
  15. Reiver

    Reiver Well-Known Member

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    I've asked you to refer to economics. You've given me rant. Then you've ranted about the rant..Are we waiting for the rant about the rant about the rant next?

    It would be a lot simpler if you actually referred to economics. Copy and paste some Georgism?
     
  16. bringiton

    bringiton Well-Known Member

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    Yeah, and it says a lot of other stupid things, like to kill people who work on Sunday or eat hybrid plants.
    But the tax is on the total value, not the appreciation.
    Lottery winnings are irrelevant to everyone but the winners. I was referring to the income obtained by privilege.
     
  17. bringiton

    bringiton Well-Known Member

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    <yawn>
    So you continue to rant obsessively about Georgism. No surprises there.
     
  18. Reiver

    Reiver Well-Known Member

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    Another post without any economics? We know why. Give any coherent economics and you'll be confirming Georgism. Give no coherent economics and you can avoid that dissonance.
     

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