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#642521 - 12/09/10 08:41 PM Re: Sen Bernie Sanders Amazing Speech! [Re: ]
IrishRogue Offline
Poon it! Poon it! Poon it!

Registered: 08/08/06
Posts: 1714
Loc: Yarrow Point
Originally Posted By: Hankster

They have done that, not because they're peeved about tax cuts for the 'rich', they got their tutus ruffled over a provision in the bill that would lower the estate tax to 35% on any estate valued over 5MM. They would like it to be 55% on any estate valued over 1MM.


I don't believe this is the issue actually. I think they're doing it because they're mad about anyone compromising. Just like the GOP gets mad anytime someone compromises (RINO anyone?). It's all outrage all the time.

And again, WTF is the estate tax issue doing tied into this mess? Goodness me, how can THIS be the tax cut the GOP so desperately wants that in this current situation it deserves to be part of the package? You only pay this tax WHEN YOU ARE DEAD. Good grief.
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The charm of fishing is that it is the pursuit of what is elusive but attainable, a perpetual series of occasions for hope. -John Buchan

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#642523 - 12/09/10 08:43 PM Re: Sen Bernie Sanders Amazing Speech! [Re: IrishRogue]
Todd Offline
Dick Nipples

Registered: 03/08/99
Posts: 27838
Loc: Seattle, Washington USA
Yeah, but those poor kids only get to pocket $50 Million instead of $65 Million when you die, too...how the hell can they get by on that?

Fish on...

Todd
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#643169 - 12/11/10 12:44 AM Re: Sen Bernie Sanders Amazing Speech! [Re: ]
topwater Offline
Returning Adult

Registered: 06/28/00
Posts: 442
Loc: Rocky Mountain High
Originally Posted By: Hankster
Do you seriously think it's okeydokey to take 550K from an estate that is in actuality a business worth 1M that someone wanted to leave to his/her children?


no, but neither do the democrats with their 1M exemption.

Originally Posted By: Hankster
Lowering of estate taxes, capital gains taxes...all a part of the Bush tax cuts and all on the expiration schedule. Why wouldn't they be a part of any compromise?


i'm curious about why capital gains and dividends shouldn't be taxed at ordinary income rates. say jimmy "trust fund" mcgee earns $500,000 via capital gains and dividends. he pays 15% in taxes on those earnings. then you have johnny "boot straps" johnson who owns a company that produces a useful product, employs workers, and pays 35% on his $500,000. why? most tax laws are written for a supposed purpose (home interest deduction increases incentive for home ownership, for example) so what is the purpose of lower rates on un-earned income?

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#643174 - 12/11/10 01:04 AM Re: Sen Bernie Sanders Amazing Speech! [Re: topwater]
Steelheadman Offline
River Nutrients

Registered: 03/15/99
Posts: 4166
Loc: Poulsbo, WA,USA
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I'd Rather Be Fishing for Summer Steelhead!

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#643199 - 12/11/10 02:33 AM Re: Sen Bernie Sanders Amazing Speech! [Re: ]
Todd Offline
Dick Nipples

Registered: 03/08/99
Posts: 27838
Loc: Seattle, Washington USA
Virtually every penny in circulation has been taxed multiple times...it only isn't "fair" when it's the ultra-rich having to do it...

Fish on...

Todd
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