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Post by aztecwin on Oct 20, 2010 10:57:28 GMT -8
What are the chances of that income tax passing? The money that is on the sidelines can be put to work with the enacting of some logical and stable long term tax policy. When the risk is defined and it makes sense, the private money will come in and create jobs. Demand created by giving away tax money is short lived and not reliable. Good argument however. I do not know if the tax will pass. I vote my conscience. So. . . When will all this money be put to use? Tax policy already favors the rich and corporations. What you want is the complete elimination of taxation. I doubt that will happen. Tax policy is not the driver behind business reluctance to invest in this case. They are already sitting on piles of money. It is not the idea of not having money, but the instability of policy under the present administration. Make all or part of the Bush tax cuts permanent and you will see a lot of new investment. Make them all permanent and you will see a lot more investment and new jobs created. |
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Post by waztec on Oct 20, 2010 11:45:58 GMT -8
I do not know if the tax will pass. I vote my conscience. So. . . When will all this money be put to use? Tax policy already favors the rich and corporations. What you want is the complete elimination of taxation. I doubt that will happen. Tax policy is not the driver behind business reluctance to invest in this case. They are already sitting on piles of money. It is not the idea of not having money, but the instability of policy under the present administration. Make all or part of the Bush tax cuts permanent and you will see a lot of new investment. Make them all permanent and you will see a lot more investment and new jobs created. So you must think those tax cuts will cure cancer too? You are saying that the mere extension of these cuts will cause stability in the economy, incite business to throw out their other concerns about the economy and lack of demand, and spend and hire like mad? And this will occur despite the mortgage issues, joblessness sapping demand and low growth projections? You really think that? I am skeptical, Win. Tax cuts are not the cure for everything, unless you are a Republican, that is.  |
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Post by aztecwin on Oct 20, 2010 15:34:38 GMT -8
It is not the idea of not having money, but the instability of policy under the present administration. Make all or part of the Bush tax cuts permanent and you will see a lot of new investment. Make them all permanent and you will see a lot more investment and new jobs created. So you must think those tax cuts will cure cancer too? You are saying that the mere extension of these cuts will cause stability in the economy, incite business to throw out their other concerns about the economy and lack of demand, and spend and hire like mad? And this will occur despite the mortgage issues, joblessness sapping demand and low growth projections? You really think that? I am skeptical, Win. Tax cuts are not the cure for everything, unless you are a Republican, that is. Both Business and Private Capital would be much more ready to put their resources to work if the landscape were stable. The idiot Obamaites are now waiting till their lame duck session to act on the Bush tax cuts. It is not the cure all, but it is a start and you must start someplace that makes sense and has worked in the past. You are now living and seeing what this ill advised "Stimulus" has done. |
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Post by The Aztec Panther on Oct 20, 2010 19:51:14 GMT -8
Not exactly. That money was already taxed. Their parents worked for it, paid taxes on it, and they didn't work hard for any of the rest of it to be given to the government. Estate taxes are double taxation. If the money is given to the kids while the parents are still alive it isn't subject to taxation, so why should it be any different once the parents are dead? Simple answer - It shouldn't. It is hard to have a discussion with someone who does not know the facts. You need to learn what gift tax is and how it relates to estate tax. Your example is simply wrong on its face. No, it's not. Your parents can give you money up to a certain amount tax free. With the estate tax - was the money ALREADY taxed? If yes then there should be no estate tax. That's the only fair way to handle it. The parents earned the money, what they do with it should be up to them. If they want to leave it to their kids then they should be able to leave it to their kids. |
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Post by aztec70 on Oct 20, 2010 21:51:31 GMT -8
It is hard to have a discussion with someone who does not know the facts. You need to learn what gift tax is and how it relates to estate tax. Your example is simply wrong on its face. No, it's not. Your parents can give you money up to a certain amount tax free. ### You are right. I misread your post. Up to a certain amount any gift to anyone in tax free on an annual basis. With the estate tax - was the money ALREADY taxed? If yes then there should be no estate tax. That's the only fair way to handle it. The parents earned the money, what they do with it should be up to them. If they want to leave it to their kids then they should be able to leave it to their kids. Was the money already taxed? Sometimes, sometimes not. Besides, you are the one that made the big deal about EARNING money. I merely point out that people can have money that they did not EARN. Need I point out that very few estates pay any tax? That the vast majority of estates pass to the heirs free of estate tax? This year, especially. |
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Post by The Great Aztec Joe on Oct 21, 2010 0:08:16 GMT -8
LIBERALISM at its best is SOCIALISM.
SOCIALISM at its best is COMMUNISM.
We have a long way to go to build our socialist utopia.
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Post by The Aztec Panther on Oct 21, 2010 5:54:37 GMT -8
LIBERALISM at its best is SOCIALISM. SOCIALISM at its best is COMMUNISM. We have a long way to go to build our socialist utopia. Joe's new schtick. Pretty funny stuff... |
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Post by waztec on Oct 21, 2010 7:47:00 GMT -8
It is hard to have a discussion with someone who does not know the facts. You need to learn what gift tax is and how it relates to estate tax. Your example is simply wrong on its face. No, it's not. Your parents can give you money up to a certain amount tax free. With the estate tax - was the money ALREADY taxed? If yes then there should be no estate tax. That's the only fair way to handle it. The parents earned the money, what they do with it should be up to them. If they want to leave it to their kids then they should be able to leave it to their kids. LOL |
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