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Old 09-03-2012, 03:55 PM   #76
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by Low Key View Post
thought i read somewhere that the first 5 million is tax free in 2012 or something
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The exclusion is 10m, not 675k. Its going down to 6m. As taxes go, the estate tax is pretty much the least objectionable.
I'm saying the highest the estate tax burden has been recently was just a 675K exclusion (in 2001) There is no push for a 100% estate and inheritance tax as tzwien implies.

The 2012 rate is also 35% vs. 55% in 2001.
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Old 09-03-2012, 04:17 PM   #77
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

estate tax is just as bad as income tax

violent thieves don't agree, i'm shocked
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Old 09-03-2012, 04:51 PM   #78
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by Autocratic View Post
Yeah, just like the money I have is after-tax. And yet, when I give it to the guy at a 7-11 in exchange for a soda, it gets taxed. INDEFENSIBLE.
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The other day I bought a subway sub. Subway had to pay taxes on my after tax money.

True story.
When sales tax becomes 35-55% I'm sure a lot more will complain about it.
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Old 09-03-2012, 05:04 PM   #79
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

taxed when you make money, taxed when you spend money, and a man cant even die without the government trying to get their hands on his stuff.
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Old 09-03-2012, 05:08 PM   #80
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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taxed when you make money, taxed when you spend money, and a man cant even die without the government trying to get their hands on his stuff.
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Old 09-03-2012, 05:08 PM   #81
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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When sales tax becomes 35-55% I'm sure a lot more will complain about it.
Mostly because virtually everyone will be affected by it, including those who can hardly withstand such theft. Unlike the heirs of $5 MM estates.
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Old 09-03-2012, 05:12 PM   #82
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by dkgojackets View Post
taxed when you make money, taxed when you spend money, and a man cant even die without the government trying to get their hands on his stuff.
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Old 09-03-2012, 05:14 PM   #83
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by Shoe View Post
When sales tax becomes 35-55% I'm sure a lot more will complain about it.
That is the coolest of stories, bro, but the point isn't that the estate tax isn't cumbersome or um, unfair or something. The point is that it's not "double taxation" any more than just about all taxation is double taxation.
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Old 09-03-2012, 05:24 PM   #84
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by joeyDizzle View Post
estate tax is just as bad as income tax

violent thieves don't agree, i'm shocked
Those poor corpses having their money stolen.
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Old 09-03-2012, 05:26 PM   #85
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by Autocratic View Post
That is the coolest of stories, bro, but the point isn't that the estate tax isn't cumbersome or um, unfair or something. The point is that it's not "double taxation" any more than just about all taxation is double taxation.
sales/income tax are based on some sort of exchange. theres an economic transaction of wages for labor or money for goods. a guy dying is not an exchange between two parties, its just "lets take this dudes money because we can"

do you think there should be a tax when you open a new bank account and move money from your old one to it? if two people get married and combine their assets should they be taxed first?

your whole world view is "hey that guy has more than me so its fair to steal some of it"
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Old 09-03-2012, 05:29 PM   #86
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by dkgojackets View Post
sales/income tax are based on some sort of exchange. theres an economic transaction of wages for labor or money for goods. a guy dying is not an exchange between two parties, its just "lets take this dudes money because we can"

do you think there should be a tax when you open a new bank account and move money from your old one to it? if two people get married and combine their assets should they be taxed first?

your whole world view is "hey that guy has more than me so its fair to steal some of it"
You might want to think about all of this for more than a minute or so.

But to give you a head start, here's the first question you can ask yourself: who is being taxed?
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Old 09-03-2012, 05:32 PM   #87
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by dkgojackets View Post
sales/income tax are based on some sort of exchange. theres an economic transaction of wages for labor or money for goods. a guy dying is not an exchange between two parties, its just "lets take this dudes money because we can"

do you think there should be a tax when you open a new bank account and move money from your old one to it? if two people get married and combine their assets should they be taxed first?

your whole world view is "hey that guy has more than me so its fair to steal some of it"
Um, do you think the money is just buried with the rich folks?
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Old 09-03-2012, 05:32 PM   #88
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

tbf, he was sleep poasting.
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Old 09-03-2012, 05:45 PM   #89
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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Originally Posted by Huehuecoyotl View Post
Self discipline, hard work, and putting her nose to the grindstone is how she got to the weight she is. You think that triple chocolate cake eats itself? No, sir.
lol
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Old 09-03-2012, 05:48 PM   #90
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Re: Cross post: World's richest woman to poor people: LOL WORK MORE NUBS.

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why should anyone else have a right to her money after she dies?
Fk that.
Her body fat could supply Australia's electricity for the next 3 years.
this also made me lol
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