The capital gains I might give you. But inheritance should be absolutely off limits!! I will give you the example that I am all too familier with. My Great grandparents were homesteaders. Got 1 quarter section for living and farming 160 acres of land for 5 years back in the 1880's.

Now fast forward 3 generations when My grandmother died the land was values at 2.5 Million(mind you it had expanded over the year to over 1000 acres) Now because of the value over half of it had to be sold to pay the tax on it!!

So I guess in some peoples eyes that is fair, But it sure as hell isn't in my families. So the people that get hurt are the ones that spend their whole life working for something only to have the Govt take half of it in the name of equality. HORSE SH**!!!

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86 300SDL. 250,xxx on #14 Head. One eye always on temp gauge.. Cruising towards 300K

I would like to go back to the more progressive rates we had in the 50's & 60's for personal income taxes. The economy and the rich seemed to survive those "soak the rich" rates. Also the middle class had it better and the deficit was not out of control.

I agree with corporate tax dangers. They also may move to another state or country.

You inherited 2.5M and we should feel sorry for you? After paying your taxes you get 1.25M just for picking the right parents. boo hoo

Not sure about the inheritance tax. If the money/land or goods have already been taxed once, I am not sure I see a rational for taxing them a second time. If the tax was some how differed then I can understand wanting the taxes paid at the time of transfer.

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Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Your grandmother must have died quite a while ago or else most of that $2.5 million would have been exempt from taxes, unless she had a very large estate in which case there should have been no need to sell the farm.

This thinking is similar to Soviet Russia. Punish the Rich, reward the poor. The only problem is the poor are stupid; witness the many lottery winners who are dead stone broke within five years of winning the lottery. The Rich create jobs for the poor. Without the Rich, this country would die off very quickly. The poor buy into the 'Soak the Rich' rhetoric and are determined to kill the goose that lays the golden egg.

Why do you think the wealthy are wealthy? Because they have an army of lawyers and accountants who work to help them KEEP IT. You can B&M all day long, but the Billionaires of today will still be Billionaires tomorrow. COUNT ON IT.

And the rich would not be able to amass their fortune without the blood sweat and tears of the working class. It cuts both ways. Over all, it seems the rich are making far more off the labor of the working class than the working class is. Fortunately or unfortunately (depends on which class you are I suppose) those who have the gold make the rules so the working class seem to have the deck stacked at least slightly against them. Just my opinion.

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Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Many people just can't stand that people who are smarter, more talented, and more capable than they are able to accumulate wealth that they never have been, can't now, and never will be able to accumulate.

The hatred is driven by envy, the reality is that even if all wealth where distributed evenly within a short time gross disparities of wealth would re-appear. All people are alleged to be created equal but not all can equally seize opportunity and advantage in their own interest.

I'm so glad you are here to clear things like this up for us. What would we ever do with out you.....

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Remain un-shamed?

Sure, that must be it.

I am sure it has nothing to do with the owners/CEO's of companies taking bonuses and record salaries while employees of the same company are taking pay cuts and lay offs. I am sure it has nothing to do with companies be bought up, shut down and parted out.

Have you ever stopped and thought that there may be more than the one side of the coin that you see? Yes there are those that do not have much who envy those who do. There are also those who do an honest days labor and get hosed by the owners who sometimes are out for their self interest and damned those who are below them. Carl Icahn and Frank Lorenzo come to mind.

These posts may be in black and white, life rarely is. Try picking up the coin and looking at the other side every now and then.

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Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

No even close. Please try to read and understand what I posted. Over half the land had to be SOLD in order to keep the land in the family as a farm. No one got a damn dime but the Govt. And now the members of the family that got the land (I am not one of them) have half the acreage to work with because the GOVT needed the money to support ........................... Fill in the blank with YOUR favorite social program.

So yes I am a firm believer in what a person works for their entire life should be theirs and theirs alone. It does not belong to some official in DC. Just because what you worked for has gone up in value does not mean that you as the owner have gotten the windfall.

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86 300SDL. 250,xxx on #14 Head. One eye always on temp gauge.. Cruising towards 300K

She died in 2003. The farm WAS her estate. Part of it was in the process of being sold off when she died. It turned into a mess.

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86 300SDL. 250,xxx on #14 Head. One eye always on temp gauge.. Cruising towards 300K

I heard a tax historian say the other day that at one time the income tax rate on the wealthy in the US was 70%. Given the current attitude of Republicans towards taxes on the wealthy, you'd think those kinds of rates would have brought the world to an end.

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

I am sorry to hear that.