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#266981 - 12/28/13 09:47 AM Oh, no, the dreaded death tax!
loganrbt Offline
old hand

Registered: 02/20/08
Posts: 5850
Loc: Massaphuggintwoshirts
One of the favorite memes of the right long has been the federal tax on inheritance. Never mind that only a very tiny percentage of estates reach the value that makes them taxable. Never mind that the people who have estates of that value or higher rarely, in fact, are put out of their small businesses because of the tax on inheritance. The puppet masters of the right say the death tax is sinful, regressive, kills jobs, any other myth they can think of to attack the estate tax.

Well, turns out the people who really are affected by the estate tax don't care what the rate is. They are finding lots of legal ways to commit tax fraud to avoid it altogether. Here is but one example.

South Dakota addresses how to dodge taxes forever

Nevada apparently is a similar haven.

Ah, yes, the poor pitiful wealthy of our nation!

And the pitiful dupes who have fallen for the tripe and parrot while the folks who would be impacted by it find ways to avoid it completely.
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#266988 - 12/28/13 11:24 AM Re: Oh, no, the dreaded death tax! [Re: loganrbt]
Scoutgal Offline
Administrator
Carpal Tunnel

Registered: 01/23/01
Posts: 27583
Loc: CA USA
Maybe it's time to make a federal law governing that type of now legal fraud.
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#266998 - 12/28/13 12:21 PM Re: Oh, no, the dreaded death tax! [Re: loganrbt]
Ardy Offline
Pooh-Bah

Registered: 12/22/05
Posts: 12005
Loc: San Jose, Ca USA
The agenda is clear: small government, least taxes.

They would like to cut spending to accomplish the agenda. But every program has it's own set of adamant and self-righteous defenders. So that approach is painful and usually unsuccessful.

What is the alternative? Cut taxes and cut taxes and cut taxes. No one likes taxes so it is a program around which they can rally support.

Then you attack the deficit. Which makes every spending program fight it out for survival.

You demonize anyone who opposes this as being a "takers." You lionize the wealthy as job creators whose taxes must be reduced.

Over all, it has been a pretty successful strategy.

Within this approach, every tax is heinous. But for some reason taxes on "job creators" are the most objectionable. Where as taxes of the "takers" is simply asking these people to start pulling their own weight.

Likewise spending programs that benefit the "takers" are characterized government giveaways to lay-abouts. . Where as spending that benefits the wealthy is necessary for a healthy economy.

Is it any wonder that the wealth divide yawns ever larger


Edited by Ardy (12/28/13 12:35 PM)
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#267000 - 12/28/13 12:33 PM Re: Oh, no, the dreaded death tax! [Re: loganrbt]
NW Ponderer Offline
Moderator
Pooh-Bah

Registered: 09/09/11
Posts: 13948
Successful and completely disingenuous. I've been an estate planner much of my career, but there has been nothing as abused as the gift and estate tax loopholes. Mitt Romney was a prime example and engaged in genuine fraud to do so. So much for being 'moral.' What he did do, though, was expose just how corrupt the system has become.
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A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#267024 - 12/28/13 10:53 PM Re: Oh, no, the dreaded death tax! [Re: loganrbt]
Jeffery J. Haas Offline


veteran

Registered: 08/03/04
Posts: 11806
Loc: Whittier, California
I was just told that I would never be able to prove that the wealthy don't pay high taxes and lo and behold, this comes along. ROTFMOL
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#267025 - 12/28/13 11:25 PM Re: Oh, no, the dreaded death tax! [Re: loganrbt]
pdx rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 38678
Loc: Portland, Oregon


Consider this your belated Christmas gift. You. Are. Welcome. smile
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