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Cold War Spook

(1,279 posts)

30. Good answers. I can't believe I wrote that. No more Family Feud.

Thu Jan 31, 2019, 07:51 PM

Jan 2019

The thing is I don't like the idea of someone building up a business and then have an inheritance tax when they die even if it stays in the family. So the old man dies and the son inherits it. Has insurance to cover the tax. Then His son inherits it and he has to have insurance. Then his daughter inherits it and she has to have insurance. What ever their income from the company, they pay income taxes on it. And the government collects the tax every time. I feel the same way about people having to pay income tax on a portion of their Social Security under certain conditions, but only if it is income from working, not investments. Nobody should have to pay taxes on Social Security, for one reason, for a certain number of years, they are just recouping what they paid in.

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Bernie Sanders to propose dramatic expansion in estate tax on richest Americans [View all] brooklynite Jan 2019 OP

Great for Bernie. zentrum Jan 2019 #1

I guess this is Bernie's response to Elizabeth Warren's tax proposal. TexasTowelie Jan 2019 #2

I don't think of it as a response, shanny Jan 2019 #27

US tax code needs to encourage behaviours amcgrath Jan 2019 #3

"A tax of 85% that is simply sitting in banks" mahatmakanejeeves Jan 2019 #6

Many of the billionaires today created their own businesses, and people like Elon Musk Calista241 Jan 2019 #23

I must have missed where anybody suggested "confiscating everything." shanny Jan 2019 #28

I'm all for confiscating everything. Farmer-Rick Feb 2019 #51

y'know, that is a very good point. shanny Feb 2019 #52

"It's only theirs because we let them keep it." EX500rider Feb 2019 #55

It's a tongue in cheek comment but if you want to explore that idea Farmer-Rick Feb 2019 #60

Matter of perspective.. EX500rider Feb 2019 #61

Well, I have facts to back me up. It's not just an opinion Farmer-Rick Feb 2019 #63

So, a wealth tax like Warren proposed? TomCADem Jan 2019 #4

Wealth tax is similar but significantly different. Voltaire2 Feb 2019 #36

I am more against it than for it. Cold War Spook Jan 2019 #5

There are plenty of ways to cover high taxation available csziggy Jan 2019 #9

Correct hueymahl Jan 2019 #16

But they can build exceptions for family businesses and farms TexasBushwhacker Jan 2019 #10

Good answers. I can't believe I wrote that. No more Family Feud. Cold War Spook Jan 2019 #30

For starters, your $3.5 million dollar business is one hundred percent exempt. Hassin Bin Sober Feb 2019 #48

I am actually against any type of inheritance tax. Cold War Spook Feb 2019 #49

Stop being mean to the Job Creators!!!!! n/t QC Feb 2019 #58

As a society, we shouldn't be in the business of supporting dynasties TexasBushwhacker Jan 2019 #7

Totally in favor. NO INHERITED WEALTH!! Coventina Jan 2019 #8

So above that amount, you favor a 100% tax. oldsoftie Jan 2019 #13

absolutely n/t Coventina Jan 2019 #33

Well, maybe 5-10% of the country would support confiscation. oldsoftie Jan 2019 #35

Oh please. The 1% are eating us. They need to be eliminated. Coventina Feb 2019 #40

So now you've gone from confiscation to "elimination". Wow. oldsoftie Feb 2019 #42

Eliminated as in.... no more oligarchs. Coventina Feb 2019 #46

Perhaps you should contact the Senator who is proposing this legislation.... George II Feb 2019 #45

Agree. I think most career politicians are hypocrites. Coventina Feb 2019 #47

Didn't Elizabeth Warren just do this? Is he copying her or reacting to her? NurseJackie Jan 2019 #11

Lulzd. Voltaire2 Feb 2019 #37

As long as the tax is on cash & stocks, not running businesses & farms. oldsoftie Jan 2019 #12

Agree, but how do you draw the line? hueymahl Jan 2019 #17

Well, cash & its equivalents would be easy to list. oldsoftie Jan 2019 #24

Mars is a family owned business Sgent Jan 2019 #32

I really want that car. Cold War Spook Feb 2019 #50

I've seen some crazy shit get funded thru GoFundMe, you never know!! oldsoftie Feb 2019 #57

It's one piece of the bigger puzzle TexasBushwhacker Feb 2019 #56

The world was different back then. Today, a company can operate from anywhere. oldsoftie Feb 2019 #62

It's good to see Bernie resuming Senatorial duties again. I fully support this measure Tarc Jan 2019 #14

Bernie feels like he isn't getting enough attention. That damn AOC and Warren gal GemDigger Jan 2019 #15

And Harris DavidDvorkin Jan 2019 #18

It looks like... billpolonsky Jan 2019 #21

That's the wonderful truth. He led an impressive shift in our party line. JudyM Feb 2019 #54

+1,000,000 This. diva77 Feb 2019 #59

lol shanny Jan 2019 #29

Yes, Thankfully.. and Kamala. Cha Jan 2019 #31

Lulzd. Voltaire2 Feb 2019 #38

All I will say is that it seems like the middle class is struggling to make ends meet, and the SWBTATTReg Jan 2019 #19

Go gettem burny... Maxheader Jan 2019 #20

you say that like giving the base something to work toward is a bad thing shanny Feb 2019 #53

Another reason why Howard Schultz is running? Yo_Mama_Been_Loggin Jan 2019 #22

Once again, Bernie proves that his voice will be valuable in the primaries. earthshine Jan 2019 #25

I think they may have to look at going further Jarqui Jan 2019 #26

Exactly. Whatever law they pass, you can find a way around most of it in short order. oldsoftie Feb 2019 #44

He used to rail against the "millionaires and billionaires and the top 1%"... George II Jan 2019 #34

3.5 million is less than a billion. Voltaire2 Feb 2019 #39

Because everyone in Congress is a multi millionaire, not a billionaire. oldsoftie Feb 2019 #43

This message was self-deleted by its author dalton99a Feb 2019 #41