Nope, I'm fine. That money could be put towards education or infrastructure though. It's funny that's always the reply by conservatives. Jealous? If you feel that money is better served being snorted by Paris Hilton, or creating Kim Kardashian's new ass, then more power to you.
Actually I have no problem with taxing the wealthy at higher rates. I believe there are taxes on income of all types that need to be raised. One is the way hedge fund managers income is taxed at long term capital gains (15%) when it should be regular income. Thank HRC, Schumer's and other prominent Ds for that. They paid off their Wall Street banker friends. There are other instances like that where taxes aren't balanced. How inheritance tax is double taxation and IMO not fair. It doesn't bother me rich kids wastes daddy's or mommy' hard earned wealth.
I don't even care if @LaSalleAve uses his inheritance money to buy pot and have his penis enlarged. Your daddy earned the money and paid taxes on it. If he wants to leave it to you its his right to do it without the .obey being taxed again.
Since you had to be worth at least $5 million for the estate tax to be in effect, of course it's just a benefit for the rich. It just creates a class of the idle rich who inherit wealth instead of working for it. More and more of the country's wealth gets owned by the top 1%. No, it doesn't. It is brand new income for the inheritor.
im going to give you the real reason conservatives are against this tax and you can say im pulling the race card. They see it as paying reparations. right or wrong, a lot of people view it as such.
That might be the craziest statement I've ever heard. How in the world do you make that connection? I've never really heard a valid argument for the death tax. The argument I've heard is the one @red55 makes about the offspring not deserving it. I just don't think that's pertinent to the conversation. Because I can't come up with a valid reason to tax estates, I don't currently think they should be taxed. I'm not totally committed to my position though.
It's not a "death tax", the dead are never taxed. It is an inheritance tax, paid by the inheritors of great wealth. "Money for Nothing" is the Republicans theme song. Again the Republicans have blindly eliminated $600 billion of national income without cutting a single dime of spending. We'll just borrow it from China. What a bunch of hypocrites. I can't see it being "reparations" at all. The money goes to the general tax base, not to black people. In any case, there is not a single living slave to be paid reparations.
