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This is why estate taxes should be 100%

Started by Martinus, August 21, 2012, 10:00:48 AM

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Razgovory

I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Caliga

Quote from: MadImmortalMan on August 21, 2012, 01:16:18 PM
It's also their right to give it to the cum parasites.

In the US, you can gift $13k tax free per year. I know because I give my mom that much every single year.  :P
My mother in law's parents have started doing the same for their daughters every year as a Christmas present. :)
0 Ed Anger Disapproval Points

Ed Anger

Quote from: Caliga on August 21, 2012, 08:03:45 PM
Quote from: MadImmortalMan on August 21, 2012, 01:16:18 PM
It's also their right to give it to the cum parasites.

In the US, you can gift $13k tax free per year. I know because I give my mom that much every single year.  :P
My mother in law's parents have started doing the same for their daughters every year as a Christmas present. :)

I GOT A 5 DOLLAR CHECK.  :mad:
Stay Alive...Let the Man Drive

Caliga

 :lol:

I still get checks, and sometimes actual cash, for like $10 mailed to me every Christmas from my grandfather.  At this point it's kind of ridiculous because my household income far exceeds his (he basically gets social security plus a modest minister's pension from the ELCA).
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Ed Anger

Stay Alive...Let the Man Drive

Caliga

Just got the one grandpa left.  He's 91 so he probably won't be around for much longer.  I should go visit him but I never have the time.  I'm gonna regret it when he kicks off. :Embarrass:

My other grandpa died in 1980. :(
0 Ed Anger Disapproval Points

Ed Anger

Dude, go if you can. Tell work to suck your dick and give them a crotch chop.
Stay Alive...Let the Man Drive

Razgovory

My last grandparent died back in '94.  I never knew either grandfather or one of my grandmothers.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Caliga

Both of my grandmothers died of cancer and both died in 1993... one in late June and the other in early August.  That was a rough year.
0 Ed Anger Disapproval Points

PDH

Never met my dad's father - he was born in 1897 and he was almost 70 when I was born (he survived gas attacks in World War I, lost most of one lung, smoked like a chimney, and owned William Morrow).  My other grandfather was the sailor, and he lived to be 90, dying a bit over a decade ago.

Cal, visit your grandfather, you schmuck.
I have come to believe that the whole world is an enigma, a harmless enigma that is made terrible by our own mad attempt to interpret it as though it had an underlying truth.
-Umberto Eco

-------
"I'm pretty sure my level of depression has nothing to do with how much of a fucking asshole you are."

-CdM

HVC

my grandparents were dead or died shortly after i was born. Except for me paternal grandmother. she passed away when i was 5 or so. I just happened to be in portugal at the time. If i went to the funeral i don't remember it, but i do recall visiting the grave soon after. i do have fond memories of her. She was a good lady. Taught herself how to read and write at the young age of 70.
Being lazy is bad; unless you still get what you want, then it's called "patience".
Hubris must be punished. Severely.

Ideologue

Quote from: Martinus on August 21, 2012, 01:18:18 PM
Quote from: MadImmortalMan on August 21, 2012, 01:16:18 PM
It's also their right to give it to the cum parasites.

In the US, you can gift $13k tax free per year. I know because I give my mom that much every single year.  :P

That's fine - I'm fine with gifts, since the giver is still in mental capacity and presumably the decision is correct. But once a person croak, there is really no reason why his adult children should get anything of it (except if someone is e.g. disabled and cannot earn his or her maintenance).

That's why we invented these things called "wills."

...I'm sure this has been brought up already, but God damn.

Anyway, I generally agree with the idea of a very aggressive estate tax.  100% past, say, $200,000, not including a family home that the survivors intend to live in.
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Ideologue

Quote from: Martinus on August 21, 2012, 01:21:43 PM
Quote from: Darth Wagtaros on August 21, 2012, 01:20:23 PM
Your view reflects your communist upbringing.  "These parasites should not inherit the People's wealth! The money should be given to the government and redistributed as needed."

I have well-off parents. They helped me with my life and I'm fine with it. But I now earn my own living and I see no reason why I should get their money whe they die. So really it's hard to say I had a communist upbringing. Quite the opposite.

I assume, then, that you will gift your inheritance to the Polish state?  If so, I'll have to change certain opinions I hold of you (nothing you'd find terribly negative, I'm afraid, only that you're rather selfish).
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Ideologue

Quote from: alfred russel on August 21, 2012, 06:50:31 PM
Quote from: Martinus on August 21, 2012, 01:52:54 PM
So, noone is going to agree with me? Seriously? Since when this forum has gone so neo-con? :D

Because it is a terrible idea. Many people that earn lots of wealth have it tied to a business venture of some sort. Imagine a farmer who in old age knows he can't leave the property to his children but has money put aside. He certainly won't have much incentive to invest in improvements to the farm. He may actually have an incentive to destroy the farm's value: for example, if the tractors outside interrupt his afternoon nap, perhaps he will shut half the farm down so he can sleep in peace. Or if he really likes baseball, maybe he will build a field to see if they come.

The same principles work with any other business. It also probably won't be for the best for the government to own all of businesses once the current owners die.

:goodboy:
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Ideologue

Quote from: Caliga on August 21, 2012, 08:14:33 PM
:lol:

I still get checks, and sometimes actual cash, for like $10 mailed to me every Christmas from my grandfather.  At this point it's kind of ridiculous because my household income far exceeds his (he basically gets social security plus a modest minister's pension from the ELCA).

I finally found, and used, a $50 gift card I lost two Christmases ago. :blush:
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)