Dear Obama Supporters,

[dcgf05]

dcgf05, I'm still waiting for your brilliant response to this post.

look above, boy genius

 

[Vol423]

up to 12,000 is tax exempt... I don't have the time or the desire to school you on the estate tax. I'd advise that you consult an attorney. The fact that you continually fail to see that it was/is stated clearly above 12,000 does not resolve the fact that you have no clue about that which you are speaking of.

lol:There IS NO REFERENCE to $12,000. There is also no reference to a 40% tax rate under Obama's plan. I don't need to consult an attorney. Believe me, I'M MORE THAN QUALIFIED to interpret this on my own. You're totally clueless, and it's almost criminal that someone as uninformed as yourself is allowed to vote.

 

[dcgf05]

lol:There IS NO REFERENCE to $12,000. There is also no reference to a 40% tax rate under Obama's plan. I don't need to consult an attorney. Believe me, I'M MORE THAN QUALIFIED to interpret this on my own. You're totally clueless, and it's almost criminal that someone as uninformed as yourself is allowed to vote.

it's clear that your lack of understanding of the estate tax precludes your opinions of such. If you are more than qualified I'd LOVE to hear where your J.D. is from, because I would love to shoot them/your bar association an email regarding your understanding of the estate tax

 

[Vol423]

it's clear that your lack of understanding of the estate tax precludes your opinions of such. If you are more than qualified I'd LOVE to hear where your J.D. is from, because I would love to shoot them/your bar association an email regarding your understanding of the estate tax

Feel free to pay 40% over $12,000 for any estate you receive, moron. lol:

 

[dcgf05]

Feel free to pay 40% over $12,000 for any estate you receive, moron. lol:

feel free to get audited by the IRS if/when you receive more than $12,000 in an inheritance, kid.

 

[Vol423]

feel free to get audited by the IRS if/when you receive more than $12,000 in an inheritance, kid.

Gladly.

 

[dcgf05]

Gladly.

the union is saved:lolabove:

 

[Vol423]

the union is saved:lolabove:

I can't, in good conscience, leave you with the mistaken belief that you owe 40% taxes on every dollar of an inheritance of an estate over $12,000 (although, believe me, I would LOVE to do so). Therefore, I'm going to make one final attempt to explain it to you, and I won't even bill you for my time. After this, do as you wish, but any attorney or accountant that reviews a tax return in which you're offering to pay a 40% tax rate on an estate inheritance over $12,000 is going to laugh you right out of the building.

Estate taxes in the year 2009 will only be owed on inherited assets worth over $3.5 million for an individual ($7 million for a couple).

Your confusion is derived from the fact that in order to AVOID the estate tax, a person can transfer tax-free gifts of up to $12,000 per year PRIOR TO THEIR DEATH. Gifts of over $12,000 would be taxed. However, that is NOT the estate tax. The estate tax only applies to inherited assets from an estate, which is what you stated in your original example with the statement: ..."if you lose a close family member who gives you more than $12,000..."

The lesson is now over. You're welcome. :hi:

 

[SavageOrangeJug]

now that obama has been elected I will deny the promotion I have been offered and fully accept the handouts that I will fully expect under an obama presidency.

I'm quitting my job. :rock:

I just want to say, that I hope we (Dems. and Repubs.), can work together for the betterment of the country.

I will no longer claim either party, nor will I be a party to working with them.

Viva La Revolución

I'm still sitting back thinking about it....huge chapter in our nation's history.

America has made an overwhelming case for the guy....I truly hope he can deliver.

The last chapter in the book.

Sending a tax refund to someone that doesn't pay federal income tax - the very definition of a hand-out and it is part of the plan.

If we all refuse to pay taxes, they can't jail us all.

UHC for 40 million uninsured isn't specific? patently absurd.

I guess ruling them all out means you'll be right in the end. Congrats.
Posted via VolNation Mobile

BPV, you are selfish and racist for not wanting to pay your fair share. lol:

 

[OWB]

let the socialization of America begin.

No, that started with Bush and the bailouts.

 

[myrobbins7]

No, that started with Bush and the bailouts.

I recall Pelosi, Reid and Dodd trying to push the crap out of that bill, do you recall that?

 

[temat]

after reading this thread, I assume that I should freely "donate" 40+% of my pre-tax income to causes which I do not support... Additionally, I should pay 5+% towards my state income tax. And on top of that I should pay at least 5+% of sales tax on everything I buy. The 50+% of what I earn going to programs I do not support is supposed to make me feel better about the fact that I am working harder to make less?

Sounds like the last 8 years for most of us

 

[BigPapaVol]

While that's true, it's often only after the person has had to file for personal bankruptcy.

no it's not. the only people filfing for bankruptcy are th ones with assets to protect and those are people whi should have had a very cheap, individual, stop-loss style policy (which is very affordable). If those people roll those dice, it's a lick on 'em. Those already broke who receive the care, which is a huge number, simply get written off.
Posted via VolNation Mobile

 

[BigPapaVol]

Sounds like the last 8 years for most of us

ridiculous. Might sound like the last two, when fuel spiked and housing riches dried up. In fact, all of the fuel woes started immediately before Pelosi and Reid swept to power and got dramatically worse over the ensuing 2 years, as did the remainder of our economy. Pretending that the last 8 years saw no prosperity is absurd or ignorant or both.

Housing wealth and Wall St. returns were extremely good after the 9/11 malaise.
Posted via VolNation Mobile

 

[MystifyingVol]

Sniped from lew rockwell

Dear Messrs. Obama and McCain,

I hope you do not take offense at my having the impudence to write you a letter on the eve of the most important day in each of your lives, but I was hoping that you might be able to take a few moments out of your regal schedules to speak with me. I ordinarily would not even dream of addressing your royal highnesses, but I was heartened to see each of you speaking with another blue-collared working man like myself a few days ago, and I thought I might be able to present my petition to both of you before the election takes place, and the winner gets swept up in the galas, princely feasts, and other perks of having secured the most prestigious and powerful post in the history of the world.

Though neither of you have ever met me, (nor ever will meet me, I’m sure), I am fully aware that in just a matter of hours one of you is scheduled to become the new Father of the Fatherland, and thus my newly appointed Master. I know you prefer other, less ostentatious titles, given how committed each of you is to the virtue of humility, but allow me to be frank with you for a moment and acknowledge how much power one of you will shortly hold over me and every other child of the Fatherland. I know that the power of the position will endow one of you with the political muscle to ruin my entire life, allow me to continue to eek out my current miserable existence, such as it now is, or even elevate me in the public realm to any heights that might suit your fancy.

And so, if your highnesses will oblige me, I come now to my humble plea. I do not prostrate myself before you today requesting a subsidy or other corporate bailout, as I’m sure you were expecting, given the current, fascist economic environment. Nor do I come to in the hope of securing some of that very lucrative pork that oozes out of the halls of the U.S. Congress. Nor still do I come to you in the hope that you might be willing to shed innocent American blood to attack some remote and irrelevant foreign people. As I’m sure that both of you already have more than enough sycophants clinging to your heels in the hope of securing these favors, I humbly approach you today in the hope of securing a very different boon. The simple request that I place before you today is for you to put a price tag on my own freedom so that I might be able to purchase my liberty from you and the rest of the behemoth Federal government.

I fully realize that it would initially be costly for you to release me from my current indentured position, (since I currently and involuntarily pay approximately 50% of my income to the Federal government in the form of income taxes, excise taxes, inflation taxes, gasoline taxes, etc.), but, if you will indulge me still further, I think I can show you why this would be a mutually beneficial exchange. That is, I think I might be able to convince you that it would be better for both you and me if you allow me to purchase my liberty.

The primary reason why you will benefit from selling me my own liberty is that I will no longer be a threat to your position. I know you might not view a man like me, a lowly roofer, as a threat to the most powerful man in human history – but I am. I am a threat because I value my individual liberty more highly than any other article in this world, and I am willing to fight, if necessary, to secure it. I am also incorrigible in my desire to infect the rest of the American populace with the idea that individual liberty is the highest good to be secured in this world. As such, I, (along with other men such as myself), represent the most pernicious threat to your authority and future existence as the most powerful man in human history. And, should those of us who value individual liberty above all goods unite into a common force, your position as the most powerful man in history would quickly dissolve into empty dreams of despotism.

For, you see, governments even as powerful as the one you hope to become master of this week ultimately rest upon nothing more than the common assent or common apathy of the mass of men who suffer under their yokes. The overwhelming mass of ordinary men, from Mark the Roofer to Joe the Plumber, can, and sometimes do, rise up and cast off the chains of servitude that men like you all too often take for granted.

Given these inexorable facts, I come before you today in the hope that you might name a price for my freedom. There is, in fact, precedent for this type of exchange in colonial American history. In colonial America, it was common practice for English and Irish peasants to indenture themselves to wealthy farmers and plantation owners in the American colonies in exchange for transport to the colonies. Over time, these indentured servants were usually able to purchase their freedom in full from their masters. You can think of your sale of my liberty to me in this light, if it makes you feel any better about the exchange. I will overlook the fact that my liberty derives from God and not from you, if you will only promise me that your iron grip will no longer be felt upon my neck or my checkbook once the exchange is final.

In conclusion, I thank your royal highnesses for having the patience to entertain a plea from a man as lowly as myself. I hope to hear back from the victor about the price of my liberty at his earliest possible convenience – after he has had a chance to satisfy his various appetites at the sumptuous feasts that await him this week, of course. I will be on the roof during that time, working under the sun with my hands to pay the taxes that fund your majestic existence, and contemplating the consequences of your failure to sell me what is rightfully mine.

Sincerely,
Mark the Roofer

 

[KB5252]

No, that started with Bush and the bailouts.

Go quite a bit further back than that.

 

[SavageOrangeJug]

Go quite a bit further back than that.

Yep!

Like FDR's New Deal, and LBJ's Great Society.