estate tax
- I feel that an estate tax @ 45% with a five million exemption is fair and equitable. The small farmer and entrepreneur are protected, the govt can get some money which MUST be used to pay down the enormous debt that we have created. No one is really hurt, except the party goer, the squanderer in the next generation and the lazy heir (yes it's true, I have seen it happen). This law should be put into effect on a permanent basis, indexed to inflation.
- —Guest jess
Hard worker-Hard saver
- Many ranches, farms, and enterprises have been built over the years by the hard work of maybe 2 or 3 generations. These people were the ones who hired, worked long hours, paid lots of income taxes--they made America what it was a few years ago--fulfilled the American dream. It is insane to take this all away with death taxes. I would suggest about a 10 Million and maybe 10% tax above that. This country needs less spending not more taxing
- —Guest Tom
fairtax.org
- All one has to do is research the people and their money that is leaving our fine state to see that our tax system as it is now is hurting R.I. We need to abolish the state income tax, personal and corporate, and establish a "Fair Tax" based on consumption both at the Federal level and state level. At the state level, it will be a huge draw to bring business back into the state and raise revenue that will meet all reasonable state expenses. Also it is fair, you pay a tax only on what you consume. That means all people now that do not pay taxes such as illegal immigrants, drug dealers, and the like, will now be paying their fair share. This Fair Tax has been researched and studied by many economists and there are over 63 congressmen that are already on board for a national fair tax reform. The people need to get behind this movement to make it happen. Check it out at www.fairtax.org.
- —Guest dennis
Estate Taxes
- If the government is hell bent on double taxing the American people who have worked hard to acquire a home, pensions, etc. upon their death at exorbinate rates, such as 55%, 45%, 35% then we need a different mind set in Washington. The present estate tax rule from 2011-2013 should be kept in effect for a 10-year period - $5 million and over at a 15% tax rate - not the nonsense and greed that has been in place for far too many years. The only people that this will hurt is, as usual, the middle-class of the American population. A citizen who has been fortunate to acquire a home and benefits, should not be penalized by another taxation, but should be allowed to pass his/her estate on to his/her immediate family - without taxation.
- —Guest Dena
everything is not FREE!!!!!!
- The Republicans wanted the war in Iraq - let them pay for it!!! Have they noticed the national deficit lately?!? We can't afford to NOT have the estate tax come back!!!
- —Guest C
IT'S CALLED LIFE
- LET THE HEIRS WORK FOR SOMETHING WHEN PEOPLE WORK FOR THEIR OWN THINGS IN LIFE THEY APPRECIATE IT MORE. HEIRS DON'T DO NOTHING BUT WASTE THE MONEY DRINKING, PARTYING AND GETTING STONED AND HAVING MULTIPLE SEX PARTNERS. THE ESTATE TAX IS A GOOD IDEA TO FORCE HEIRS TO GET A JOB AND INVEST IN A RETIREMENT PLAN AND SAVE SOME MONEY........
- —Guest BLESSED
ESTATE TAX IS INSANE! VOTE EM ALL OUT!!!
- Anyone that voted for this "compromise" should be elected OUT of office next election. The funny part is that no one was even talking about the GROSSLY UNFAIR ESTATE TAX hit that many families will now take. It makes the INCOME TAX RATE TAX that everyone has been talking about seem like chump change by comparison, AND NO ONE WAS TALKING ABOUT IT or FIGHTING FOR IT!!!. Can you imagine how much of a hit on a family that has a 2 Million dollar estate will pay? $555,000!!! That amount pales the income tax rate part of the bill that people were screaming about. A $2 Mil estate might seem like a lot. of $$$... but it is not much if a family has 4, 5, or 6, children to divide it up with! Does anyone know if ANYTHING could be done to change this back to the 3.5 Mil again once we get a Republican pres and hopefully a majority in the senate next election??? NOT TO MENTION A 55% ESTATE TAX RATE!!! HAVE THEY LOST THEIR MINDS??? TEA BAG ALL OF THEM OUT NEXT ELECTION!!! Why work. Go on welfare.
- —usaer
When then?
- Estate Tax, Capital Gains Tax, Income Tax, Sales Tax. How best to pay for the common good? When will we & the Congress stop bickering over the many separate taxes we have imposed on ourselves and decide, for a least a few years, to make the individual payments necessary to have a government fair for all. A daunting task, eh?
- —Guest B Johns
estate tax rationale
- since all estates comprise previously taxed assets plus appreciated assets...primarily of a real estate nature...there should be no tax on already taxed assets and a capital gains tax on real estate or related appreciation. there is NO rationale why hard earned assets should not be left to an individual's heirs.....we don't just work for ourselves; we work for the well being of our families who have every right to the inheritance (subject to the deceased's will).there is no rational basis for distributing the deceased's hard earned estate to the government for redistribution??
- —Guest ron
kenent1
- go john go John McCain favored a $5,000,000 MAKE IT 10000000 exemption and 10% tax rate). with only the cash assets taxable. people with property have to sell their property at fire sale prices to pay the tax FED officials that steal money should get the same treatment John Dillinger & "Baby Face" Nelson they are public enemy #1
- —Guest ken entwistle
1,000,000,000,000$
- Borrowing 1 trillion dollars to give tax breaks to 3% over the next 10 years is insane! Let them revert back to the Clinton levels.
- —Guest mike
NO to return of the federal estate tax
- NO to return of the federal estate tax! Please leave estate tax rules as they are.
- —Guest Jean MacCluer
Make Everyone Pay
- If Estate Taxes are such a great idea, let's make everyone pay - no exceptions and no exemptions. You die with $10 in the bank, the government gets $5. Now that would be fair, but we all know if everybody had to pay an estate tax, it would never become law!
- —Guest Collie
OMG! WTF!
- This is so sad. I've been doing all that Dave Ramsey stuff for nothing! I have two kids with Autisum sooo I guess... after their short stack of cash runs out, the tax payers can pay for their living. Is this insane? It's like the "circle of tax" instead of the cicle of life. Too many bleeping Federal jobs maybe! Umm, I believe that the public sector was the only ones getting pay raises last year. WTF!
- —Guest Sad
dear comrade
- The money belongs to the party. They print it you just hold it for a while. Could you please direct me to the end of the bread line. Thank you
- —Guest comrade don
