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  1. #141
    Quote Originally Posted by Huulo View Post



    Just to be clear by "the welfare system" you mean social security and medicare.
    No, Medicare is under Healthcare. Welfare system is social security, unemployment, and other forms of safety nets.

    Quote Originally Posted by Elba View Post
    I support the death penalty for all kinds of tax fraud / evasion.
    I'm sure that you do.

  2. #142
    Quote Originally Posted by Huulo View Post
    That would effectively shift the tax burden from the wealthy citizens to the poor and middle class. Why should pay checks be taxed and inheritance be exempt? The problem with making free money available to the rich is that you'd have to take it from everyone else at the same time.

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    If you can find a way to eliminate taxes for the poor and middle class first, I'll gladly support eliminating the small tax burden on the rich. Until then, everyone should pay their fair share.
    the money was already taxed when it was earned... if i walked up to you and gave 1,000 should that be taxed? what if i gave you 10,000 cash ?
    Member:BFA Alpha, Member since 2/7/2018

  3. #143
    Quote Originally Posted by Doctor Amadeus View Post
    I feel the problem is stupid people more than rich people of extreme wealth robbing anyone. We let it go unchecked and they get away with it because people that will never even come close defend it.

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    A $100,000 isn’t the kind of wealth being inherited that is the problem.
    Exactly. Which is why you should stop engaging with a bad faith poster like him.

  4. #144
    Quote Originally Posted by cuafpr View Post
    the money was already taxed when it was earned... if i walked up to you and gave 1,000 should that be taxed? what if i gave you 10,000 cash ?
    Yes that's how taxes work. The company I work for gives me money and then it gets taxed.

  5. #145
    Quote Originally Posted by Gestopft View Post
    Conservatives today: "You should work hard for what you get and earn it yourself- don't ask for handouts. Unless your parents are rich. Then you should get every penny of what you didn't earn yourself."

    And under current law, you get 11.4 million dollars worth of "free money" per parent before the estate even kicks in.
    the family worked hard for that money and it was taxed when earned no reason to tax it again just because the owner died. Also, my family had to pay tax on A LOT less than 11.4 mil when my grandfather died. We learned the lesson though and my other grandparents all turned over the estates to my parents so they technically own nothing now when their time comes, and in time my parents will do the same to myself and my sibling so they don't own anything either. Since doing it this way the estate isn't taxed at all.

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    [QUOTE=Huulo;50992704]Yes that's how taxes work. The company I work for gives me money and then it gets taxed.[/QUOTE

    you are working for that though.. not someone just giving it to you for no other reason than to give it to you.. Do you put b-day/x-mas money down as income on yoru taxes?
    Member:BFA Alpha, Member since 2/7/2018

  6. #146
    [QUOTE=cuafpr;50992717]the family worked hard for that money and it was taxed when earned no reason to tax it again just because the owner died. Also, my family had to pay tax on A LOT less than 11.4 mil when my grandfather died. We learned the lesson though and my other grandparents all turned over the estates to my parents so they technically own nothing now when their time comes, and in time my parents will do the same to myself and my sibling so they don't own anything either. Since doing it this way the estate isn't taxed at all.

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    Quote Originally Posted by Huulo View Post
    Yes that's how taxes work. The company I work for gives me money and then it gets taxed.[/QUOTE

    you are working for that though.. not someone just giving it to you for no other reason than to give it to you.. Do you put b-day/x-mas money down as income on yoru taxes?
    Gifts are often exempt from taxes depending on how large they are. However, when money changes hands is when it gets taxed. That's just how life works. If I have to get taxed from my pay check, why should multi-millionaires be completely exempt from there taxes? Getting 5 to 20 million free isn't enough already?

  7. #147
    Quote Originally Posted by UnifiedDivide View Post
    OT: People in the US have this delusional that they'll all eventually be millionaires in their lives so, naturally, they don't think taxes should be high for the rich and so on.
    People are delusional to believe that the left isn't the party of the oligarchy, and that democrats will ever push for class equality or 'making the rich pay their fair share'. The Democratic Party blatantly rigs it's nomination process, you are never going to excise the corporate cancer that infests it unless you literally start a new party. Of course, that completely ignores the reality of what seems to happy in every leftist project, which is the creation of super wealthy oligarchs ruling over a deeply impoverished population (just look at the personal fortunes of people like Fidel Castro and Hugo Chavez when they died, the only leftist leaders that actually practiced what they preached were Stalin and Pol Pot, and we all know how that turned out).

    There is only one path to true equality, and that is UBI, its time to join the Yang Gang.
    Most people would rather die than think, and most people do. -Bertrand Russell
    Before the camps, I regarded the existence of nationality as something that shouldn’t be noticed - nationality did not really exist, only humanity. But in the camps one learns: if you belong to a successful nation you are protected and you survive. If you are part of universal humanity - too bad for you -Aleksandr Solzhenitsyn

  8. #148
    [QUOTE=Huulo;50992755]
    Quote Originally Posted by cuafpr View Post
    the family worked hard for that money and it was taxed when earned no reason to tax it again just because the owner died. Also, my family had to pay tax on A LOT less than 11.4 mil when my grandfather died. We learned the lesson though and my other grandparents all turned over the estates to my parents so they technically own nothing now when their time comes, and in time my parents will do the same to myself and my sibling so they don't own anything either. Since doing it this way the estate isn't taxed at all.

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    Gifts are often exempt from taxes depending on how large they are. However, when money changes hands is when it gets taxed. That's just how life works. If I have to get taxed from my pay check, why should multi-millionaires be completely exempt from there taxes? Getting 5 to 20 million free isn't enough already?
    the rich should get taxed on their checks no argument there but when they die if they leave it to someone whats left shouldn't be taxed imo as its basically a gift in a morbid fashion
    Member:BFA Alpha, Member since 2/7/2018

  9. #149
    [QUOTE=cuafpr;50992792]
    Quote Originally Posted by Huulo View Post

    the rich should get taxed on their checks no argument there but when they die if they leave it to someone whats left shouldn't be taxed imo as its basically a gift in a morbid fashion
    That would effectively shift the tax burden from rich people to poor and middle class people. Rich people have too many tax exemptions as it is.

  10. #150
    The Patient
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    Quote Originally Posted by cuafpr View Post
    the family worked hard for that money and it was taxed when earned no reason to tax it again just because the owner died. Also, my family had to pay tax on A LOT less than 11.4 mil when my grandfather died. We learned the lesson though and my other grandparents all turned over the estates to my parents so they technically own nothing now when their time comes, and in time my parents will do the same to myself and my sibling so they don't own anything either. Since doing it this way the estate isn't taxed at all.

    you are working for that though.. not someone just giving it to you for no other reason than to give it to you.. Do you put b-day/x-mas money down as income on yoru taxes?
    No, the family didn't work for it. Your grandfather did. Whether you like it or not, your grandfather and everyone else are different entities. If you had to pay estate tax recently on a "LOT less than 11.4m", that means you didn't file your taxes properly.

    Furthermore, are you certain that all of the estate was in fact in your grandfather's name when you inherited it. As it stands, if it was only in your grandfather's name, and then your family inherited it in portions (assuming at least 3 individuals, your father, mother, yourself), then paying estate tax on that doesn't add up.

    As for birthday money or Christmas gifts, are those gifts amount in 5 figures? If so, yes, the IRS will tax it because it is beyond what reasonable people receive in birthday or holiday gifts.

    Almost everyone here is arguing against estate taxes on normal things that don't even come under that rule,..

    What's funny is that most of people arguing for lower taxes on the rich or lessening their tax burden are quick to denounce welfare with the defence of "if you want to become rich, work hard and do it yourself", but when it comes to daddy's money, it is okay to be earned for doing nothing.

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    [QUOTE=cuafpr;50992792]
    Quote Originally Posted by Huulo View Post

    the rich should get taxed on their checks no argument there but when they die if they leave it to someone whats left shouldn't be taxed imo as its basically a gift in a morbid fashion
    No it should not. The 11m exemption is large enough for any offspring to live in great comfort as a tax free gift. They want the rest? Work just as hard as the predecessor and earn it. I'm sure that's what they tell all the other poor people.

  11. #151
    First World Rich People Problems

  12. #152
    Quote Originally Posted by Draco-Onis View Post
    How? unless your accountant is a moron you would be transferring shares of the business not an estate which would be at most subject to capital gains not estate taxes. And lol @ mutli million dollar business being small.
    Privately owned. Assets. That’s the building, the land, any equipment. ALL of that falls under assets and it ALL counts under the estate tax. People are acting like it’s crazy for a successful private small business to have several million or more in assets, like setting up a trust to protect said assets is gaming the system or should be expected. That it has to happen at all to give your business to your kids is nuts. And it’s all money that was already taxed multiple times from income, sales, and property taxes to name a few before the business ever got those assets. The estate tax is an outlay for any non incorporated business just waiting on the owner to die. I’m not against taxes, even progressive taxes. I support funding the government. The estate tax is immoral.

  13. #153
    I find most people that cry about Rich People are just envious People that just want shit for free.

    Get a Job and pay some Tax yourselves.

  14. #154
    Quote Originally Posted by roxfm View Post
    No, the family didn't work for it. Your grandfather did. Whether you like it or not, your grandfather and everyone else are different entities. If you had to pay estate tax recently on a "LOT less than 11.4m", that means you didn't file your taxes properly.

    Furthermore, are you certain that all of the estate was in fact in your grandfather's name when you inherited it. As it stands, if it was only in your grandfather's name, and then your family inherited it in portions (assuming at least 3 individuals, your father, mother, yourself), then paying estate tax on that doesn't add up.

    As for birthday money or Christmas gifts, are those gifts amount in 5 figures? If so, yes, the IRS will tax it because it is beyond what reasonable people receive in birthday or holiday gifts.

    Almost everyone here is arguing against estate taxes on normal things that don't even come under that rule,..

    What's funny is that most of people arguing for lower taxes on the rich or lessening their tax burden are quick to denounce welfare with the defence of "if you want to become rich, work hard and do it yourself", but when it comes to daddy's money, it is okay to be earned for doing nothing.
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    Quote Originally Posted by cuafpr View Post

    No it should not. The 11m exemption is large enough for any offspring to live in great comfort as a tax free gift. They want the rest? Work just as hard as the predecessor and earn it. I'm sure that's what they tell all the other poor people.
    Apply the estate tax to everyone regardless o the value of the estate. Heck make it progressive like the income tax brackets. See how long it lasts.
    Last edited by D3thray; 2019-03-25 at 12:53 AM.

  15. #155
    That money has already been taxed. Taking something from someone because you think they have too much is theft no matter how it's sliced. Now if you want to talk about removing all the loopholes the mega rich and corporate america use to avoid paying their taxes I'm all ears.

    Our current tax rates are perfectly reasonable, we just can't get politicians voted in who will actually enforce them against the doners that got them into office.
    Quote Originally Posted by Kaleredar View Post
    Nah nah, see... I live by one simple creed: You might catch more flies with honey, but to catch honeys you gotta be fly.

  16. #156
    Quote Originally Posted by Super Kami Dende View Post
    I find most people that cry about Rich People are just envious People that just want shit for free.

    Get a Job and pay some Tax yourselves.
    Really? Did you read what you wrote? Honestly?

    How about the rich get the fuck over it and pay they're god damn taxes. Every one else isn't asking for shit free, the rich are. The ones who literally do not need it. Then morons like you come in lol.

  17. #157
    The Patient
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    Quote Originally Posted by D3thray View Post
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    Apply the estate tax to everyone regardless o the value of the estate. Heck make it progressive like the income tax brackets. See how long it lasts.
    See, that's not exactly how that works... Estates are generally accumulated over a very large period of time. And a large part of the population, it doesn't change hands very often between family. That's part of the reasoning of having a very generous exemption per family member so that the government doesn't see most, if any, of the estate as taxes for ~ 95% or more of the population.

    For the other 5%, they already have plenty of loopholes in their businesses to escape taxes.

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    Quote Originally Posted by D3thray View Post
    Privately owned. Assets. That’s the building, the land, any equipment. ALL of that falls under assets and it ALL counts under the estate tax. People are acting like it’s crazy for a successful private small business to have several million or more in assets, like setting up a trust to protect said assets is gaming the system or should be expected. That it has to happen at all to give your business to your kids is nuts. And it’s all money that was already taxed multiple times from income, sales, and property taxes to name a few before the business ever got those assets. The estate tax is an outlay for any non incorporated business just waiting on the owner to die. I’m not against taxes, even progressive taxes. I support funding the government. The estate tax is immoral.
    Again, misguided approach. If you want to run a private company and keep its assets in your personal name, you open up a Proprietorship. A privately owned LLC/limited company/incorporated company/corporation are all treated differently than Proprietorships.

    If the private company is an LLC or Inc, or generally speaking, a non-Proprietorship, then the assets should have been booked in the name of the company and not personal. People game the tax system first by buying stuff from company assets in personal names, and then want to escape estate tax when ownership changes. That's immoral too.

    You can consult a tax attorney and they will tell you the difference between different types of companies and how their intend to operate differs. Part of that difference is the allocation of assets and various taxes applied.

  18. #158

  19. #159
    Lego Moderator GothamCity's Avatar
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    My opinion is if you are a member of a society that wants to tax you, and you attempt to avoid it, you should leave that society. Taxes benefit all, if you're a businessperson you benefit from regulations on your competitors, government organizations stating that your product is safe and trustworthy, the benefit of educated workers, access to roads for transportation/reception of customers, and the list goes on and on.

    It's totally fine to not want to pay taxes. There are countries that have little to no taxes, or you can do something that generates no taxable income. But if you wish to live in society, benefit from all the things provided by tax money, then you should pay your full tax bill. I'm personally fine with shutting down businesses or revoking citizenship from those players in society who attempt to reap all the benefits without fulfilling their obligations.

    An alternative to leaving that society, is to attempt to affect change from within. If you hate your 40% tax rate, attempt to fund and campaign for candidates who will lower that to a number you find acceptable. But to not pay your tax bill? Nothing short of undermining society and theft from the public.
    "Okay, Robin. Together, we're gonna punch these guys so hard, words describing the impact are gonna spontaneously materialize out of thin air."
    - Lego Batman

  20. #160
    Quote Originally Posted by Huulo View Post
    For estate taxes, the first $5.5 million per person is completely exempt. That amount goes up if multiple people are inheriting the estate and if the estate is owned by a couple. Most inherited farms are completely tax exempt for the first $10 to $20 million dollars, then any amount above that is taxed at 40%. If you are in the absolute worst case scenario where only one person is inheriting and only one person owns the estate, and you have no other exemptions, you would owe:

    Nothing on a $5 million farm

    $200,000 on a $6 million farm

    $600,000 on an $7 million farm

    I don't know your whole story, but it's likely someone is lying to you if they say you're going to be forced to sell the farm when your grandmom dies. If you really are in the worst-case scenario of a farm worth tens of millions owned by a single person with no other major assists leaving it to a single person, then your family will still get tens of millions when the time comes.

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    Just to be clear by "the welfare system" you mean social security and medicare.
    These are old numbers. I'll repeat: the new numbers for exemptions are 11.2m for a single person, 22.4 for a married couple. That's with 0 estate planning, where you can pass additional millions on with zero taxes as I also explained earlier.

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    Quote Originally Posted by cuafpr View Post
    the money was already taxed when it was earned... if i walked up to you and gave 1,000 should that be taxed? what if i gave you 10,000 cash ?
    The inheritors didn't earn it. That's why it's taxed when they receive it as income. If you don't think the transfer of 10k gets taxed to non-exempt parties, I don't know what to tell you except that I hope you get audited.
    Quote Originally Posted by Rudol Von Stroheim View Post
    I do not need to play the role of "holier than thou". I'm above that..

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