who are you voting for? Options

[Seeker]

just post the name in this thread, nothing else

i already voted... for chuck baldwin of the constitution party (who ron paul endorsed)

[Dogmeat]

yeah, what is the fucking point of having life insurance because of the death tax?

I think they need to abolish the death tax AND the inheritance tax.

[Billy]

yeah, what is the fucking point of having life insurance because of the death tax?

I think they need to abolish the death tax AND the inheritance tax.

I don't think life insurance is taxed by the death tax because it is paid out directly to your beneficiaries.

Right now, the way death tax works is that anything over $1 million is taxed at 55%. However, the caveat is this: If you have $5 million dollars and give it all to one person upon death, you will pay (5,000,000 - 1,000,000) *.55 in taxes which equals $2,200,000. However, if you leave 5 different people $1 million each, you will pay $0 dollars in death tax. This is good because it keeps the money divided amongst many people. This is the only known way to prevent economic snowballing where over time, 1% of the families in the country control 95 to 99% of that country's wealth.

I fully support a Death tax and I would even support raising it to 75 to even 100%. Here's a concept for the few in this country born with a silver spoon: WORK FOR YOUR MONEY FOR ONCE. Being born into a wealthy family already gives you the best education and most opportunity. The country cannot afford for it's elite to just squander their usefulness to society. And if they choose to do so, they do not deserve to keep their wealth.

[Dogmeat]

I don't think life insurance is taxed by the death tax because it is paid out directly to your beneficiaries.

Right now, the way death tax works is that anything over $1 million is taxed at 55%. However, the caveat is this: If you have $5 million dollars and give it all to one person upon death, you will pay (5,000,000 - 1,000,000) *.55 in taxes which equals $2,200,000. However, if you leave 5 different people $1 million each, you will pay $0 dollars in death tax. This is good because it keeps the money divided amongst many people. This is the only known way to prevent economic snowballing where over time, 1% of the families in the country control 95 to 99% of that country's wealth.

I fully support a Death tax and I would even support raising it to 75 to even 100%. Here's a concept for the few in this country born with a silver spoon: WORK FOR YOUR MONEY FOR ONCE. Being born into a wealthy family already gives you the best education and most opportunity. The country cannot afford for it's elite to just squander their usefulness to society. And if they choose to do so, they do not deserve to keep their wealth.

I guess I don't necessarily agree with that at all. If I make a fortune for myself, it's my right to decide who gets it, period, not the fucking government.

I look at it this way: Let's say I'm a multi-millionair, or billionair, and I decide to leave my entire fortune to my kid(s). Let's say that perhaps, I'm worth my salt and even though I'm worth this much money, I've spent my entire life training my kids how to not be completley worthless. Even though I could have easily afforded to buy my kid a Porche on his 16th birthday, I bought him a 1985 rust bucket stationw wagon and told him "work for a better car". You see where I am going with this. The result of this is my kid knows where that money came from and that it wasn't just handed to me, and it's not going to just be "handed" to him. Well, technically it is, but if he wants to keep it or make more of it, he's gonna have to learn the ropes and not be a complete assfuck.
All in all, if I'm the one that makes a fortune, it's my right to decide what to do with that fortune, not the governments.

On the flipside, let's say what you're speaking of happens, and the "rich kids" are just complete fuckups. Ok, so they have more money than god now. They probably are going to spend spend spend spend spend spend until it's gone, they wind up on drugs, then have to put money into the healthcare industry for rehab. That was their choice.

Also, you say that anything over $1,000,000 is taxed %55.

There is an ENORMOUS difference between a guy who has made himself $1,000,000 and that being taxed %55 upon wanting to give it to somone and somone who has made $10,000,000 ... a bigger difference between $10,000,000 and $500,000,000 .... see what I'm getting at?

This bullshit of a "one size fits all" upper tax bracket, be it in the death tax or income taxes, is garbage ...

Let's face it, a million bucks isn't the same million bucks it was 20 years ago. If I would have had a million bucks 20 years ago I would have thought "Wow I can retire" ... now I'm like "Ok, I can buy a house, a car, and some nice shit, then pay taxes on all that for maybe 5 years then I'm fucked".

That is mindless to tax somone %55 becuse they acrued $1,000,000 in wealth over the course of their lifetime.