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Topic: Death finally beats taxes< Next Oldest | Next Newest >
 Post Number: 1
Leisher Search for posts by this member.
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PostIcon Posted on: Jun. 10 2010,13:28  Skip to the next post in this topic. Ignore posts   QUOTE
Article.

Instead of this article focusing on the lapse of the death tax for 2010, I wish it instead would have asked: "What gives the government the right to take a percentage of a person's money just because they have died?"

They earned that money, not the government. It should be their choice as to what happens to it per their will.

That money has already been taxed when they earned it. (I'll allow for taxes upon money that gets removed from certain stocks, funds, accounts, etc. that was previously tax free until the death.) The government has no business taxing it again.

From the article:
QUOTE
Mr. Collins argues that the tax is a “recycling program for economic opportunity.”


Blow it out your ass Mr. Collins.

Stealing a person's hard earned fortune and giving it away to people who aren't working hard is the opposite of what this country was founded upon.
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TPRJones Search for posts by this member.
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PostIcon Posted on: Jun. 10 2010,13:41 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
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Stealing a person's hard earned fortune and giving it away to people who aren't working hard is the opposite of what this country was founded upon entire purpose of our government.

fixed

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Malcolm Search for posts by this member.
I disagree.
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PostIcon Posted on: Jun. 10 2010,13:44 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
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Had his life ended three months earlier, Mr. Duncan’s riches — Forbes magazine estimated his worth at $9 billion, ranking him as the 74th wealthiest in the world — would have been subject to a federal tax of at least 45 percent. If he had lived past Jan. 1, 2011, the rate would be even higher — 55 percent.

Damn.

QUOTE
The United States enacted an estate tax in 1916, and when John D. Rockefeller, America’s first billionaire, died in 1937, his estate paid 70 percent.

Goddamn.

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unkbill Search for posts by this member.
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PostIcon Posted on: Jun. 10 2010,16:48 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Guess that people that are rich or planning to be rich worry about such things. I came into the world naked with nothing and the way it looks will leave the same way. Hope I left my mark and the planet just the same. Think I am radical. My friend the mayor is right. You own nothing. You think you own your home or property.  Pay off you mortgage you own it. You pay taxes forever. The government is the only one left. Not even you kids own it free and clear. We need government. In some form but know I am shoveling 16 tons a day and working for the company store. Want your kids to pay for ours sins?

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GORDON Search for posts by this member.
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PostIcon Posted on: Jun. 10 2010,17:38 Skip to the previous post in this topic.  Ignore posts   QUOTE
Its words like that that used to get people thrown into Stalin's death camps and Pol Pot's killing fields.

Better watch it. Can't have people doing their own thing in a socialist country.

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