Estate Taxes

#29
#29
Lawyers love estate taxes, mitigating them is an easy source of revenue.
 
#30
#30
hog88 said:
Such a crappy way of looking at things.

"oh well it won't affect me so I don't care if they steal from others"
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Not a crappy way of looking at it because he said, "Yeah, that is such a cope [sic] out statement to support theft of my wealth."
 
#31
#31
ClearwaterVol said:
Not a crappy way of looking at it because he said, "Yeah, that is such a cope [sic] out statement to support theft of my wealth."
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And you know his financial status?

You forget that several states have draconian estate taxes.
 
#33
#33
Carl Pickens said:
Estate taxes are the biggest form of theft ever invented
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Theft against whom? You can't steal from the dead. If you mean to say that interfering with the testamentary wishes of the dead by taxing their estate, that's the law. Arguing that it's theft is inaccurate. You would have to be able to identify who owns the property for it to be theft and you need the state to make that decision according to the laws to even distribute that property accordingly.
 
#35
#35
ClearwaterVol said:
I have no issues with the estate tax as currently set up. I am of the opinion that we need less internet stars who have done nothing but inherit generational wealth.
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Why is it the duty of the government or the citizens to negate generational wealth? It isn't a moral failing to amass wealth. The money isn't kept in a vault and out of circulation. It isn't a zero-sum-game whereby their amassed wealth limits the wealth anyone else can amass.

Whether wealth is generated via internet stardom, building a global manufacturing empire, a 500 member law firm, or a lucky break in the stock market is inconsequential to the premise of noble and worthwhile death taxes .
 
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#37
#37
Ashevolle said:
Theft against whom? You can't steal from the dead. If you mean to say that interfering with the testamentary wishes of the dead by taxing their estate, that's the law. Arguing that it's theft is inaccurate. You would have to be able to identify who owns the property for it to be theft and you need the state to make that decision according to the laws to even distribute that property accordingly.
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It's 100% theft. Everything within an estate has been taxes at least once.

And as I pointed out earlier, lawyers love estate taxes.
 
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#38
#38
McDad said:
Why is it the duty of the government or the citizens to negate generational wealth? It isn't a moral failing to amass wealth. The money isn't kept in a vault and out of circulation. It isn't a zero-sum-game whereby their amassed wealth limits the wealth anyone else can amass.

Whether wealth is generated via internet stardom, building a global manufacturing empire, a 500 member law firm, or a lucky break in the stock market is inconsequential to the premise of noble and worthwhile death taxes .
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Why should the dead be able to wield powers over the property they owned in life? If a person dies, who's to say what happens to their stuff? Just because they write a wish list doesn't mean it's anything more than a piece of paper. The laws direct these decisions.
 
#39
#39
hog88 said:
It's 100% theft. Everything within an estate has been taxes at least once.

And as I pointed out earlier, lawyers love estate taxes.
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Theft against whom? And lawyers don't get taxes so why would we care?
 
#40
#40
hog88 said:
It's 100% theft. Everything within an estate has been taxes at least once.

And as I pointed out earlier, lawyers love estate taxes.
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Me being a lawyer has no bearing on my feeling on estate taxes. I don't even dabble in that area of the law.
 
#41
#41
Ashevolle said:
Why should the dead be able to wield powers over the property they owned in life? If a person dies, who's to say what happens to their stuff? Just because they write a wish list doesn't mean it's anything more than a piece of paper. The laws direct these decisions.
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If a person shouldn't be able to decide the disposition of their estate after death who should? It's a property rights issue.
 
#45
#45
Carl Pickens said:
Are you really this ignorant?
If a man owns a large farm, several other pieces of property along with substantial earnings and savings ..... and leaves it to his son..... duh
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We have had to go through this so when my parents pass we won't have to sell the farm to pay the taxes.

Ash, ClearWater, guess who we paid to get everything worked out?
 
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#47
#47
hog88 said:
If a person shouldn't be able to decide the disposition of their estate after death who should? It's a property rights issue.
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It's actually an estate law issue. The dead lose property rights when they die. If I die and say I want all my property to be buried with me in the groud, that won't fly. If it were a property rights issue, I could make that happen. But your property rights die with you.
 
#49
#49
Carl Pickens said:
Are you really this ignorant? Maybe I’m not understanding your point
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What if he has a wife? Do you think he can leave it to his son instead of his wife? You are mistaken if so. The laws spell all this out in black and white.
 
#50
#50
hog88 said:
We have had to go through this so when my parents pass we won't have to sell the farm to pay the taxes.

Ash, ClearWater, guess who we paid to get everything worked out?
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Paid very well, as we have, I am sure.
 
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