I know you guys are poor hill billys but this policy effects me...

I know you guys are poor hill billys but this policy effects me. I foresee a lot of celebrity's going trump because of this

Yeah, because Hollywood is NOT full of jew accountant's, that find loopholes.

>estate worth over $25m
>doesn't know difference between effect and affect
don't think so bub

> jews
> keeping their assets in USA
pick only one

Estate tax shouldn't exist

Before you die, just make sure most of your assets are outside the country

Affects*

And I'm willing to bet my dollarydoos that it doesn't Affect you at all.

>the only things that are certain in life are death and taxes
>get mad when the government combines the two for efficiency

>implying it's my assets and not the an inheritance

i'm just a dumb trust fund babby

>not the an inheritance
see? i'm fucking retarded

fri monis plx

impose a 50% rate that would apply to estates over $10 million a person, a 55% rate that starts at $50 million a person, and the top rate of 65%, which would affect only those with assets exceeding $500 million for a single person and $1 billion for married couples. With thresholds this high it isn't much of an issue just 223 estates with a gross value exceeding $50 million filed taxable estate-tax returns in 2014

Actually, US citizens tend not to store their wealth offshore nearly as much as Europeans and Asians. The tax structures and laws are known and stable, and the government is surprisingly less corrupt than most places other than British-controlled interests. You wouldn't, for example, want to store your wealth in China, because the government will seize it. The US, however, is generally very friendly to wealth (something to do with being run by puppets of the rich) and very safe. Remember the Panama Papers? Remember how many European scandals arose from them, and how few Americans were tied up in them?

said the lady with a tax-deductible foundation

The Clinton family is setup for several generations "working" for their foundation.

1st bost is the pest

>tax
>certain

you have a lot to learn wagecuck

The government is GREAT at handling money, guys!
Giving more money to the government in taxes is a very wise investment!!!

Probably secretly they will vote for Trump but support Shillary in public still.

>he thinks tax revenue will go to some tangible benefit for US citizens
>he thinks it won't just be sucked into some pork agriculture corporate welfare kickback project
>or the military industrial complex
>or just disappear into a black hole (aka be straight up embezzled)

>but this policy effects me.

I don't know millionaires posted on Cred Forums.

National debt doesn't mean shit faggot. Only time we had no national debt was Andrew Jackson, and he destroyed our economy.

Okay, if the national debt is meaningless...

Why do we have taxes at all?

WE SHOULD ABOLISH ALL TAXES AND EVERYONE WILL GET RICH!

...

Why did you post someone who supports abolishing all taxes?

Because you suggested it?

Currently The top rate is 40% and the first $5.45 million a person is exempt from tax. This plan isn't that much more ( and certainly not anymore for 99.9% of the country ). The new plan is part of PAYGO offsets to provide a child tax credit for millions of working families and lower tax rate for small businesses, so IF those things are to be attempted then something MUST offset the cost and this seems like as good as anything else

> something MUST offset the cost
Yes, reductions in spending or improvements in efficiency elsewhere in the corpulent government's fatass fucking budget.

There is an argument for no taxes and printing money, therefore taxing through inflation.

But everyone knows the government would just make it rain bernie sanders style.

How much of a fucking socialist do you have to be to insist people don't fucking the fucking right to leave 100% of their wealth to whoever the fuck they choose?
Can you imagine how fucking insulting it would be to work hard your entire life, build up a fortune and plan to leave it to your kids, just to have some liberal fucking hippies take OVER HALF when you die claiming the kids didn't really earn this so they don't need it?
Like I'm not even fucking rich and this shit gets me heated. What gives anyone the right to try claiming half of a dead persons assets?

The third plank of Marxism is the abolition of inheretance.

>have family farm
>many acres of farmland
>makes a modest income as a farm
>land technically worth many millions on paper
>parents die
>65% estate tax
>farm has to be sold to pay Hillary's tax
>farm bought up by corporations and turned into corporate farms or gas stations and soccer mom town centers
>thanks Hillary

It's the principle of the matter that a mainstream presidential candidate believes it is morally acceptable to take 2/3 of a persons wealth at their death. Regardless of the size of the estate.

She wont do shit. Or if it happens for a few months, it'll get repealed before anyone has to file their taxes.

It's just empty words to coo the Bernouts that aren't supporting her ahead of the election, when they know the margins are tight and there are a lot of underground Trump supporters who aren't vocalising their support because of the harassment they'd face.

Interesting to note that 5.45 million can be used up in life if you give money (most commonly to children) during life. My parents have each used up their 5.45 million on me and my sister so when they die every bit of their property/ money/ everything will be taxed at 40%. I know liberals think rich people are evil and that money is best spent by the government rather than passed along generational lines, but some effects of the death tax policy are:

1. My parents are far less motivated to make money now knowing every cent they die with will be taxed at least 40%. (after already being taxed at 35% when they make it).
2. Far more likely to transfer money overseas/ move to a different country entirely.

If liberals are successful in their war against the rich than the USA is going to turn into a paradise like Venezuela really quick. The only rich people you should actually be concerned with are government and people who are in bed with government.

Taxes need to be raised from somewhere and estate tax is the lowest hanging fruit imo. Its literally taxing rich kids who didn't earn the money they are receiving in inheritance. I would rather have tax revenue come from here and less from income taxes on middle america

Also, fyi, exemptions today are 10x higher than they were 15 years ago. I have a bit of a problem with estate tax when exemptions are under a million, but i cant cry for anyone inheriting the kind of himuge sums that get taxed under this law currently.

Well that and as president she literally has no power to do this.

If Congress remains Republican, Hillary ain't doing shit.

She won't even be able to put anyone in the Supreme Court because the nominee has to be approved by the Senate and she'll keep nominating people the Senate would never agree on.

Not hard to have a million dollars these days.

Thanks inflation... I guess.

No one has to sell the farm because of estate tax. Huge farms might have to sell some acreage, but not many. With $10 mil exemption for a family, further exemptions for working farms and a 15 year tax payment window....its really not an issue for family farmers unless you are super rich. And in that case, yes you should have to pay some taxes to inherit that much wealth

Everyone with a big estate will just create a (((foundation))) for the money and put their kids in charge

>effects
>celebrity's

fucking uneducated leafs i swear

Literally "policies should be based on how it positively or negatively affects me," not how just or beneficial it is to the country. First off, such a high estate tax will pretty much end transfer or small business (especially farming) to children after death, instead they will all go bankrupt. Remember, it's not just money that's taxed, it's also the "fair market value" of things like property and personal possessions. So if you're parents try to pass down, say a 5 million dollar business, you'll simply have to sell it no matter how profitable it is unless you also happen to have two million on hand to pay the estate tax on its value.

I guess its been going on for a long while now, but I find it quite amazing how further and further American parents have gone from caring about their children. A hundred, even fifty years ago, a parent's ultimate pride and joy in life was trying to leave their children with as much money as possible. Now it seems like parents can't wait to send the kids out at 18 and never give them a single dime again. I don't know if that's cultural and has to do with estate taxes, but as being one of the lucky few with parents who care for me and my financial well-being throughout life, I can say it's simply great and has lead to way more happiness for me, and my parents too, and it's definitely a vision I want to pass down with my kids as well. A strong family who wants the best for each other really means a lot.

Obviously the government wants as much money as possible as always, but I also feel it has an added benefit in estate taxes to further break up the closeness of families. People are easier to control without a strong familiar base.

Taxes aren't an investment in the sense that you'll generate dividends and interest from them.

You pay taxes to make sure the police keep shooting violent niggers dead and keep them from robbing you blind.

Except the land on paper could be worth well over 10 million because it's valuable land. In reality they aren't fucking inheriting money they can use to pay the fucking tax, they are inheriting land that they now have to either sell or live in fucking debt to afford.
>You should have to pay some taxes to inherit that much wealth
SOME. SOME IS NOT 65% YOU DENSE MOTHER FUCKER

You forgot Bill clinton

>yes you should have to pay some taxes to inherit that much wealth
Can you please give me one argument to why this is a valid statement other than jealousy?

Yeah that's really the way to go.

I have to imagine most private farms these days are already run as corporations. There's no estate tax on the farm because it's owned by the corporation, and control simply goes to the kids.

It's really just Hillary pandering to idiot Democrats.

65% after $10.4 million goes tax free. I have no problem with that. $10 million is a lot of money m. Apparently the tax hits only 0.1% of estates

>tax structures and laws are known and stable
already allow for de facto tax evasion in a technically legal fashion

fixed

See my earlier comment

You're still ignoring the fucking fact that in this scenario they are inheriting fucking land that ON PAPER is worth over 10 million, not fucking 10 million cash. There's a good fucking chance that if this land is in a very good area it could be well over 10 million, and the tax on it will be fucking impossible to pay without selling some off or getting loans and going into debt.

How about you just accept that no one has any right to tell a man he can't leave 100% of his fucking wealth to whoever he chooses, be it his kids or charity. You're literally advocating the robbing of a dead persons assets because you're bitter that they had more money than you

>Not tying all your money up in funds and investments before you die so the kikes can't take it
Wew

>It's literally taxing rich kids who didn't earn the money
He asked for a valid statement that wasn't jealousy, and that's very fucking clearly the reasoning of a bitter jealous person

Upfront pay taxes but I get Medicaid to pay for my pregnant gf so I know we need money to pay for those programs. Fuck rich people

I am actually pretty wealthy and will likely be subject to this tax when i die.

if you leave money to charity, that money doesnt count towards the exemption.

Also, i believe the value of the land is based on farm use if the land in question is a working farm. So if its in a developed area, that shouldnt matter. Farmers get so many fucking tax breaks and subsifies, not crying for them, desu

>pay taxes on income you earn
>government takes 25%+ of it
>when you die, government takes another 65% of already taxed wealth because fuck you lol

Fuck Leftists and fuck Hillary Clinton

It isn't like you need money when you die and all of your success was possible because of this society. I am happy for your success but feel you have a societal obligation to help the needy like me

Its not jealousy, its fairness and what i thinknis best for the country. I would rather see middle class tax breaks and increased taxes on inheritance. I think its better for the country when middle class has more money in their pocket - they will spend it. Rich kids will keep it in the stock market their whole lives. Nothing wrong with that but I think the money is better in the hands of the middle class guy that really needs it than the rich kid who wont see any difference in quality of life or spending habits or whatever

Why not end all the loopholes in corporate taxes, raise capital gains tax, and raise income tax on earnings over 500k?

Lol, i know you are baiting but i agree with that to some degree.

You are a leaf...

I remember, it was quite surprising
fuck the swiss btw, fucking mountain kikes the lot of them

>it's not fair that the parents want the money they earned throughout their entire lives to go to their children
>it should be going to me instead! That's what's fair, guys!
Get the fuck out you filthy commie

i pay alot of taxes numb nuts. Definitely not on the net receiving end over here. We have a huge fucking deficit in the country. meanwhile the rich are getting much richer while everyone else stagnates. Makes sense to me that we need to raise tax revenues and those revenues should come from the rich. We need to lower spending as well, but thats a whole other topic

The deal is that they want to import you some friends and they're looking for ways to finance it. Why would they impose a tax that gives them almost nothing in return.

Oh man, sometimes I find it hard to believe I was liberal in college. I'm not rich either, but if I've worked hard through out my life to enable my children to live better the fucking government shouldn't take a huge chunk of it just fucking subsidize dindus.

This shit makes me legitimately mad.

The rich are getting richer because they either work harder, are smarter than you, or both.
Now back to your handouts in your ghetto you go nigger.

>Makes sense to me that we need to raise tax revenues
This is true in theory but not even close to how the government is actually run. Not at any point in the past fifty years has the government used an increase in tax revenue and just left it at that. Increased tax revenue have been universally correlated with increased spending. The government just wants more money so it can quickly spend more money. Until the government shows even the slightest sign of lower spending as you say, your increased tax revenues will all go to waste.

We already give the government more than enough money. We're better off choking the system dry until they make cuts instead of giving away more from the populous to feed it further.

Realize that even 90%+ of the government benefits you personally benefit from (police, roads) come from a fraction of the taxes that are paid (local and state vs. federal). The federal government is a HORRIBLE investment for your (tax) dollars.

Go suck Trudoes cock, you of "no core national Identity"

I am among the rich getting richer, faggot. No ghetto handouts for me, thanks

We had a balanced budget 20 years ago...if what you say is true, how could we have possibly gotten there?

Amusing. The poor fighting to decide who's the wealthiest among each other rather than wake up to the abuses their subject to every day.

I'm pretty damn certainly richer than you both combined and wouldn't even dream of calling myself "part of the rich getting richer". You think owning an estate makes you part of that group? You're fucking delusional, you are among those who get poorer - even if on an individual level you do well.
Those that always "get richer" are less than a hundred people in a world with several billions.

you're Canadian, it doesn't AFFECT you anyway. KYS

Yeah not even close to the billionaire level but i can easily live and accumlate wealth off investment income without working. I do work but just sayin. I think that qualifies me in the rich getting richer category

Because we had a republican controlled house and senate blocking a lot of spending to relative record lows, not really related to my point.

If the government spent as much money (of course even per person and inflation adjusted) than they did in say 1980, we'd pay off our debt in not time. Instead, our increased taxes have just led to increased governmental spending (mostly entitlement programs-- someone has to pay for single mothers). Of course this has had the unintended effect of promoting such behavior but that's another issue entirely. Simple point is money is better off in your pockets then sent away to the government.

>Simple point is money is better off in your pockets then sent away to the government.
I agree 100%. Believe me, i pay as little tax as possible, just like eveyone else. But to the extent that taxes are actually needed to run the govt. & military/defense etc, i would rather see higher inheritance tax on rich and lower income tax on middle class. Lower corporate tax too. We are not competitive with the rest of the developed world there, we need reform in that area badly.

Estate tax should be 100 percent, agriculture exempt. Children of the rich should gain their own wealth.