What An Idiot!!!!

[I Luv Herfrds]

Stopped at my favorite grocery story yesterday and some democraps were protesting in front of Rehbergs office.

I got to talking to one of them about the Death Tax and the idiot actually had the nerve to tell me I must be part of the top 1%!
When both my in laws died we talked with both the lawyer and our tax accountant our Death Tax bill would have been $450,000.00! Told this jerk that. He said we must be super wealthy.
Told him the Feds would have taxed us for inheriting the land, cattle, equipment etc.
Jackazz just stood there and smiled and said we must be able to afford it. He doesn't know anyone who has lost their place due to the "InheritanceTax". Lucky him, we do!

Told I would come visit him in lala land someday when I needed to step away from the real world.

Pretty bad when a farmer accuses another farmer/rancher of being part of the 1%.
I wonder how much government substities HE sucks up!

 

[Lonecowboy]

Stopped at my favorite grocery story yesterday and some democraps were protesting in front of Rehbergs office.

I got to talking to one of them about the Death Tax and the idiot actually had the nerve to tell me I must be part of the top 1%!
When both my in laws died we talked with both the lawyer and our tax accountant our Death Tax bill would have been $450,000.00! Told this jerk that. He said we must be super wealthy.
Told him the Feds would have taxed us for inheriting the land, cattle, equipment etc.
Jackazz just stood there and smiled and said we must be able to afford it. He doesn't know anyone who has lost their place due to the "InheritanceTax". Lucky him, we do!

Told I would come visit him in lala land someday when I needed to step away from the real world.

Pretty bad when a farmer accuses another farmer/rancher of being part of the 1%.
I wonder how much government substities HE sucks up!

and that is the statist agenda- to divide our country- United We Stand , Divided We Fall, they want America as we know it to fall! We will only be a nation as long as we are the UNITED States- all 57 of them :wink:

 

[Bootheel]

It is no different than capital gains tax, when the assets intentionally inflated at minimum of 2 percent per year. When inflated at a higher rate it is just a tax increase. The diabolical nature of the system is sickening. Of course we get exactly the kind of government we deserve. Who among us has sacrificed anything but money?

 

[Steve]

Ironically the death tax is why we have so many corporations and so few family owned businesses ...

when a business is left to the descendants the tax is due.. not later..

so along with grieving you often have to arrange financing to pay the tax...

which often leads to a bank saying the business under the new structure is no longer viable.. and will not generate enough revenue to even cover the interest on the hefty new loan..

add in multiple heirs who can't agree ,...

the end result.. the family business is sold to the highest bidder,.. usually a corporation...

and the liberals once again whine about the end result of their own creation..

if they want to get at the 1% then start taxing paper holdings, stock, trusts funds and huge insurance policies..

 

[gmacbeef]

Stopped at my favorite grocery story yesterday and some democraps were protesting in front of Rehbergs office.

I got to talking to one of them about the Death Tax and the idiot actually had the nerve to tell me I must be part of the top 1%!
When both my in laws died we talked with both the lawyer and our tax accountant our Death Tax bill would have been $450,000.00! Told this jerk that. He said we must be super wealthy.
Told him the Feds would have taxed us for inheriting the land, cattle, equipment etc.
Jackazz just stood there and smiled and said we must be able to afford it. He doesn't know anyone who has lost their place due to the "InheritanceTax". Lucky him, we do!

Told I would come visit him in lala land someday when I needed to step away from the real world.

Pretty bad when a farmer accuses another farmer/rancher of being part of the 1%.
I wonder how much government substities HE sucks up!

are you sure he actually was a farmer ?

 

[Traveler]

Good luck finding an estate planner that hasn't conributed to the socialists.

 

[Aladar]

"paper holdings", including shares in corporations and cash, are taxed in the same fashion in estate tax.

unfortunately, when you get down to it, farmers and ranchers ARE part of the 1% that they are trying to tax back into poverty. Start doing the math on what those farms and ranch holdings are worth at market value today, then remember that the AVERAGE person in this country retires with less than $150,000 and most of that is tied up in their housing.

 

[Steve]

"paper holdings", including shares in corporations and cash, are taxed in the same fashion in estate tax.

I meant "just" tax "paper holdings" and not hard held tangible assets

trusts and insurance are often excluded,.. so many wealthy use it to transfer wealth.. and avoid death taxes...

 

[Anonymous]

"paper holdings", including shares in corporations and cash, are taxed in the same fashion in estate tax.

I meant "just" tax "paper holdings" and not hard held tangible assets

trusts and insurance are often excluded,.. so many wealthy use it to transfer wealth.. and avoid death taxes...

Yep- or undivided partnerships....To me- far worst than the death tax is the capital gains taxs..... With the exemptions and a little replanning can handle a major amount of any estate tax-- but the capital gains will still grab you..

 

[Faster horses]

"paper holdings", including shares in corporations and cash, are taxed in the same fashion in estate tax.

I meant "just" tax "paper holdings" and not hard held tangible assets

trusts and insurance are often excluded,.. so many wealthy use it to transfer wealth.. and avoid death taxes...

Yep- or undivided partnerships....To me- far worst than the death tax is the capital gains taxs..... With the exemptions and a little replanning can handle a major amount of any estate tax-- but the capital gains will still grab you..

Of course you do know that Obama plans to raise the capital gains tax...

 

[TexasBred]

"paper holdings", including shares in corporations and cash, are taxed in the same fashion in estate tax.

I meant "just" tax "paper holdings" and not hard held tangible assets

trusts and insurance are often excluded,.. so many wealthy use it to transfer wealth.. and avoid death taxes...

Yep- or undivided partnerships....To me- far worst than the death tax is the capital gains taxs..... With the exemptions and a little replanning can handle a major amount of any estate tax-- but the capital gains will still grab you..

Like it or not "capital gains' taxes are actually very legitimate. Might not agree with the taxing rate but those investments earn money for you so the earnings should be taxed.

 

[Bootheel]

I meant "just" tax "paper holdings" and not hard held tangible assets

trusts and insurance are often excluded,.. so many wealthy use it to transfer wealth.. and avoid death taxes...

Yep- or undivided partnerships....To me- far worst than the death tax is the capital gains taxs..... With the exemptions and a little replanning can handle a major amount of any estate tax-- but the capital gains will still grab you..

Like it or not "capital gains' taxes are actually very legitimate. Might not agree with the taxing rate but those investments earn money for you so the earnings should be taxed.

How does a piece of land that can raise 200 bushel corn now and 200 bu. corn 20 years ago increase in value, other than inflation? Of which is already being taxed just for owning it by the local government. Inflation is not a ''value'' increase. Subdividing, improvements, etc. are increases in ''value'', and are already penalized in the property tax valuation.