Seriously.....why should?

Question

There be estate tax, wasn't that money already taxed once when it was earned?

Answer 1

I was talking to my friend about this last night. We think it's BS. You pay taxes on a house that you bought, Then you have to pay every year? Same thing with money in the bank Why do you have to pay more taxes on it? You have to pay school tax to the county even if you don't have kids. You have pay more taxes if you don't have kids to the Fed Govt. Why o you have to pay taxes on your vehicles every year? Sure I understand registration but to pay based on the value of your car is discriminatory. They need to have a flat tax rate acroos the country!

Answer 2

You could argue the same for a sales tax. The money is being taxed twice. Once when earned and once when spent.
2) It's up to 3Million now- the part of the estate not subject to the tax. F****n A man. how much boodle do you need? Plus a good lawyer can skim more.
3) Is it a good idea to have inherited wealth? Do we want to reword people for having rich parents? You can make a case for allowing a person who worked hard or who invented some new better mouse trap to keep the money s/he made in his life. But why should the kids get a free ride just because of an accident of birth?
4) ya can't take it with ya ya greed head. Wadda ya want? to be buried with it like an Egyptian Pharaoh? You had the use of all the government services all your life, the highways, been protected by the military, everything else. All the taxes needed have been delayed being collected from you. Now that you're dead and can't use it, now we want the taxes.
5) everything left to Charity is exempt. It's a powerful incentive to be generous. Ballet troops, hospitals, rare diseases, common diseases, love the estate tax. why do you thing Bill Gates is trying to cure all Malaria in Africa? He has more money than God, why not do a great god like thing with it.
Anyway, somebody going to leave you more than 3 mil? Sock those greed heads in the teeth. One for the working class

Answer 3

No. Because it's going from one person to another, just like EARNING money. It's new to the child of a dead millionare, so that's why it's taxed.
This is something the Republicans have been trying to get rid of since Dubya first slithered into office. Clearly, they were so busy trying to do away with the estate tax (which, by the way, only helps REALLY, REALLY RICH PEOPLE -- like themselves) that they were too preocupied to read the "Bin Laden determined to attack within the United States" memos that came across their desk!
If you stand to inherit millions once your parents die, I understand why you'd like to do away with it, but that doesn't mean it's best for society. If you don't stand to inherit your parents' millions, why would you care?

Answer 4

because the american tax system has several loop holes that allow those who make the money necessary to qualify for the estate tax (over 5 million bucks) to avoid spending the same percentage in taxes that those in a lower tax bracket do. Millionaires will pay less than 20% tax rate, where middle class pays up to 35%.

in addition, america has several socialist programs designed to better support our county's poor. this is just one of them. and as long as the politicians in washington decide to spend more than we make in taxes (IE, as long as we have a national debt in the trillions), i support an estate tax.

Answer 5

Ask George Seros, he's big on getting it repealed as he has hidden his amassed fortune in places like Belize, Switzerland, etc. where he doesn't have to pay any taxes... CROOK!!

Answer 6

You got ot know when hold em'; you got to know when to fold em'...Know when to walk away, know when to run...YOu never counter your money when your sittin' at the table, there be time enough for countin' when the dealings done...

Answer 7

I wonder that myself.