Estate Tax-Federal Estate Tax

only weak cons report asked:


It’s paid by less than .1% of Americans. Paris Hilton pays lower estate taxes becuase of Republicans.

Mohamed Vicic

contact758 asked:


What will they think up next? Nuking Iran in the same bill as Muslim Appreciation Day? Maybe you can help me with what we can expect next from the GOP.

Margarette Knouse

Patches O’Houlihan asked:


Let’s see, live a lifetime of paying taxes, accumulate a boatload of taxed assets, die, pay one last tax whopper on the way to being worm food or ash, as applicable. Have greedy government moochers every justified this on any basis that makes sense?

Oh and leftists, if you want to tax capital gains that haven’t been triggered fine, do that. So please stick to the crux of the question regarding assets that have already been taxed.
Oh my goodness: “And what is the moral basis for passing it on to children who haven’t earned it”? Scary. Ignores the underpinning of all successful economies and the Constitution, private property rights. What this shameless moocher is saying is that strangers have claim on a man’s property. Despicable at any level. And this ******* also inherently states that all wealth is in the form of cash and not things such as family businesses that can be destroyed by a big tax bill at death.

Sammie Schak

junglejoe asked:


… just like Edwards kept $700,000 in Medicare taxes away from our grandparents.

Is that fair?
I thought Dems were in favor of doing all they can to help the poor and average American.

Oh, they are as long as someone else pays for it.

Devon Clayton

Think about it asked:


As of 2012 there will be a 3.8% federal tax on home sale price. So if you sell a house for $400,000 you will be penalized with a $15,200 tax (and the rate could go up, you know they never lower it). Also plans to no longer be able to write off the interest on your mortgage. Why didn’t Obama talk about all the taxes in the bill and lied about the coverage pretending everyone will be covered yet failing to mention a little detail that they’d have to pay for it? There are tons of other taxes in there but I thought I’d point this one out cuz it’s a biggie.
Democrats lie even when there is evidence as it is clearly spelled out in the bill. I was just emailed the info with the article attached that I can’t post here by a real estate attorney who acts as a judge in California. Why do democrats deny the truth? Just google it if you are one of the truth denier democrats. Those of us who already have health insurance (or those who don’t for their freedom of choice) are being penalized to foot the bill for the welfare crowd by taxing us to death so we will all be just below the poverty line and easy to manipulate and control.
Penalties on individuals. Individuals will pay a yearly penalty of $695, or up to 2.5 percent of their annual income, if they cannot show they have purchased a government-approved health policy.

Penalties on families. Families will pay a yearly penalty of $347 per child, up to $2,250 per family, if parents cannot show they have purchased a government- approved policy.

Tax on Home Sales. Imposes a 3.8 percent tax on home sales and other real estate transactions. Middle-income people must pay the full tax even if they are “rich” for only one day – the day they sell their house and buy a new one.

Tax on medical aid devices. Creates a new 2.9 percent tax on medical aid devices. Certain items intended for personal use are exempt.

Tax on investment income. ObamaCare imposes a 3.8 percent annual tax on investment income of individuals making $200,000 or more and on families making $250,000 or more. Seniors on fixed incomes and people with IRAs and 401(k) plans will be hit hard.

Clint Mcgrain

Big Beautiful Man asked:


Not to say that all heirs are lazy and worthless, but without drive for money they typically pursue easy, fun things in which they have no talent, like releasing some god-awful album or designing a line of handbags (if they do anything after pursuing their degree in underwater basket weaving and going to enough parties to kill an elephant). I don’t think the tax should be 100%, but I think there should be a maximum inheritance to prevent stagnation of wealth and ensure that Paris Hilton never happens again.

Please provide a constructive answer with logical reasons, not just “No. You’re an idiot” or something to that effect.

Ouida Domowicz

Matthew D asked:


Ten years ago the top rate was 55% and only 675K could be excluded. Today the top rate is 35% and 5 million can be excluded. What has been the effect?

Suanne Morgenroth

Doc Holliday asked:


Simple Solution

Aleisha Sanchec

Mongo asked:


A couple of you say it is a tax on inheriting. I don’t disagree with that. But, it takes a death to inherit. Hence, the government is making death a taxable event.
Based on the posts it appears that the conservatives are largegy the “haves” and the liberals are the “wannabes”.

Beau Naples

Rich B asked:


hasn’t bottomed out yet?
Does failure come to mind?

Mervin Deeley