Estate Tax-Federal Estate Tax

L.T.M. asked:


It’s in Wyoming. The land is nearly worthless. Windblown sand, rocks, and sagebrush. They pool their savings and buy it for $5 an acre and they raise some cattle on it. They pay taxes on it every year.

In 1975 an oil man approaches them and offers them a deal..free gas and oil exploration. They accept and it ends up there’s a LOT of natural gas under that sagebrush.

True story.

Now why in the hell are the democrats ENTITLED to 35% of that when they pass it on to their children and grand children?
“We want ” < You sound like a liberal.
It's sad isn't it. We had The Greatest Generation.. Now we have The Entitlement Generation.

Blossom Corish

Indy Voter asked:


Texas/Taxus has some of the highest taxes in America yet has a 13 billion yearly deficit.

Texas has the third highest sales tax in america at 8.25%

Texas has many hidden excise taxes that trick uneducated people.

Texas has the highest property tax in america at 1.76% of your home’s value every year according to the Tax Foundation.

Texas taxes/confiscates 4.6% of all oil/gas produced and still has a 13 billion yearly deficit.

http://www.window.state.tx.us/taxinfo/crude/index.html

“The top 10 states for median real estate taxes as a percentage of median home value are Texas (1.76%); New Jersey (1.74%); Nebraska (1.72%); Wisconsin (1.71%); New Hampshire (1.70%); Illinois (1.57%); Vermont (1.53%); Connecticut (1.50%); Michigan (1.45%); and North Dakota (1.41%).”
http://www.taxfoundation.org/research/show/25207.html

Pennie Burrow

Pelosi’s Stinky Pu ssy Cat asked:


During 2010, rich people who died paid 0% estate taxes. This has been on your watch even after you had a super majority in 2009 and could have changed the law.
Parson,

If so, why weren’t 0bama and Pelosi outraged about the 0% this year and why didn’t they “fix” it when they had a super majority in the senate in 2009?

Abe Clyburn

Cigar that Bill Clinton Sniffs asked:


Tax deductions for :

1. Mortgage interest
2. Property taxes
3. Keep the capital gains when you sell
4. Pass the house on in your estate typically tax-free

Houses are one of the rare places you can stash a lot of cash, get deductions, and never pay taxes. So, that encourages people to have big homes, which use more energy and supposedly warm the globe even more than smaller houses. Right?

Jana Donoso

Ricky Rocker asked:


For those who have trouble with numbers that is four million nine hundred ninety nine thousand nine hundred and ninety nine dollars.

Robt Aus

Skepticalist asked:


I pay $2,700 a year towards the schools but I don’t have any kids. If I vote for McCain, will he help me? Aren’t Public Schools Socialism?

Milo Bolander

Matthew D asked:


do you agree that there is any validity to the belief that concentrating wealth, especially generational wealth, into few hands is dangerous to a society?

Rocco Surrency

Space Ghost asked:


http://www.irs.gov/businesses/small/article/0,,id=98968,00.html

Elisha Hoeg

Trust Fund Son asked:


It’s not the government’s money, it belongs to the bereaved family

Amanda Erwin

NONAME asked:


Don’t inheritences sometimes reward untalented people?

I favor a 100% estate tax. Is this considered a liberal or conservative viewpoint?
‘Old money’ allows idiots access to power.

Emilia Lane