econ fagz, would estate tax solve income inequality?

[LostDutchman]

Communism.

Failed!

[noviapriani]

I agree with this. It's all a misdirected blame game. While government spending continually goes up and incomes go down then someone needs to be the bad guy. How about the person with the shiny car instead of the politician?

http://iowahawk.typepad.com/iowahawk...ion-a-day.html

[Rigon]

I agree with this. It's all a misdirected blame game. While government spending continually goes up and incomes go down then someone needs to be the bad guy. How about the person with the shiny car instead of the politician?

http://iowahawk.typepad.com/iowahawk...ion-a-day.html

Government spending as a percentage of GDP hasn't really dramatically increased. It is about The same as it was under Reagan.

[noviapriani]

I agree with this. It's all a misdirected blame game. While government spending continually goes up and incomes go down then someone needs to be the bad guy. How about the person with the shiny car instead of the politician?

http://iowahawk.typepad.com/iowahawk...ion-a-day.html

Government spending as a percentage of GDP hasn't really dramatically increased. It is about The same as it was under Reagan.

and?

Continually increasing federal debt (currently $17,833,481,663,000) is a good thing. I forgot. Why don't we simply double down? It's not like the "rich" and evil CEO's can even afford to pay off what we borrow yearly anyway. We can use that additional credit to give more to the poor.

[umair127]

Easiest way to get around estate tax is to tie a big chunk of your money up in precious metals that aren't reported. Your beneficiaries know where the metals are after you die and can gradually sell it off, cash transactions, as they need money. The same is true for guns, art, collectible currency... Don't name it in your will and only let the beneficiary know how to get to it.

[zolace]

Easiest way to get around estate tax is to tie a big chunk of your money up in precious metals that aren't reported. Your beneficiaries know where the metals are after you die and can gradually sell it off, cash transactions, as they need money. The same is true for guns, art, collectible currency... Don't name it in your will and only let the beneficiary know how to get to it.

The same is true with cash.

I know someone in his 80s who randomly withdraws odd amounts in the $5-10k range and sticks it in a safe. When he dies and his friend opens the safe and finds $500k in there, he'll spend it and never pay a tax.

[umair127]

Call it what it is: DEATH TAX.

Since someone has to DIE for it to happen.

Why the government should get anything because someone dies is what is repugnant.

Study after study shows most millionaires earn their money, not inherit. But libtards always want more money. To buy votes and power to continue their agenda of getting a real 1984.

Well, john oliver was focused solely on estate taxes, not all death taxes.I'm personally against all death taxes, but this thread is about estate tax in particular.

[zolace]

Call it what it is: DEATH TAX.

Since someone has to DIE for it to happen.

Why the government should get anything because someone dies is what is repugnant.

Study after study shows most millionaires earn their money, not inherit. But libtards always want more money. To buy votes and power to continue their agenda of getting a real 1984.

Well, john oliver was focused solely on estate taxes, not all death taxes.I'm personally against all death taxes, but this thread is about estate tax in particular.

what other ESTATE taxes are NOT death taxes?

are not all estate taxes triggered by death?



http://www.irs.gov/Businesses/Small-...yed/Estate-Tax

The Estate Tax is a tax on your right to transfer property at your death

[Rigon]

.............one reason more and more of our economy is underground; i.e. cash only or bartering. No records for the tax Nazi's.

[zolace]

.............one reason more and more of our economy is underground; i.e. cash only or bartering. No records for the tax Nazi's.

Yep.

I don't like paying taxes but I understand the need.

But when it gets to the point where I'm losing 50% and some money is being taxed two/three times, I'm going to start "doing this to reduce my taxes."

[Lethn]

.............one reason more and more of our economy is underground; i.e. cash only or bartering. No records for the tax Nazi's.

Yep.

I don't like paying taxes but I understand the need.

But when it gets to the point where I'm losing 50% and some money is being taxed two/three times, I'm going to start "doing this to reduce my taxes."

This whole problem would be easily solved with a simple flat tax rate and careful money management but I have yet seen a government of even a medium sized country even consider it so if their country collapses it's their own fault as far as I'm concerned.