need more info
Yes 75%
No but 50% is okay
No estate tax is good
A large estate tax would only serve to push more money out of the country to tax free areas.
I had a friend who's Mother worked hard all her life and in the end the one thing she was happy about was that she had bought a home that she could give to her son.
It was a source of much happiness when she was very ill that her home was just paid off right before she died. So now her son who also works hard, but never was able to buy a home will get this great gift from his Mother.
People want to take even that from people who work all their lives to try and pass down something to their children? They lived and paid taxes their whole life and when they die we want to swoop in and take the rest?
What a crazy world we live in.
“You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it.”― Malcolm X
I watch them fight and die in the name of freedom. They speak of liberty and justice, but for whom? -Ratonhnhaké:ton (Connor Kenway)
50% estate tax is already a thing and for people that know about it in advance they can do a LOT to prepare for, and minimize, what it actually takes. Trusts are used a lot to evade the tax almost entirely; Honestly the estate tax should just go away because it only punishes the unknowing.
Eh, my grandparents withdrew all of their wealth from the "system" a long time ago and only a select few in the family know where it is. So, no taxes, no soul-sucking nursing home fees, no nothing except inheritance.
"It is not wise to judge others based on your own preconceptions or by their appearances."
Last edited by Gestopft; 2017-07-20 at 02:18 AM.
Even though it wouldnt necessarily effect me doesnt mean i should be selfish and support the idea. If i was against a certain policy affecting me then i shouldnt change my position because suddenly it doesnt. Its called not being an asshole. That logic would mean i shouldnt support female productive rights/healthcare because it doesnt affect me and it could potentially make my insurance cheaper if they were deprived services.
“You're not to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who does it or says it.”― Malcolm X
I watch them fight and die in the name of freedom. They speak of liberty and justice, but for whom? -Ratonhnhaké:ton (Connor Kenway)
This is always such a dumb concept. Instead of taxing it, what if we just burned everything for the sake of fairness, I really don't even see the need to use a tax if we're trying to reset the score for a few people.
If you impose hugely unreasonable taxes on people they will find ways to get around them. I'm not for tax evasion, which is your strawman that somehow justifies ignoring that people will find a way around the tax. Especially the people who have the means to make this kind of money, have the means to get around this tax.
Which means chasing the money out of the country, and definitely not recirculating it as the tax is intended to do.
Last edited by McFuu; 2017-07-20 at 02:37 AM.
Estate taxes are poorly conceived, especially in the Year Of Our Lord 2017 where people with money don't leave their kids money, they leave assets.
"But the government can just assess the value of those assets!"
Ignoring the moral dilemma of empowering the government to assess how much income it gets from estates, there are entire asset classes with highly subjective valuations.