Posted on 10/11/2017 1:04:42 PM PDT by E. Pluribus Unum
There is probably no better illustration of the scam President Trumps tax plan would perpetrate on working- and middle-class people than its provision repealing the estate tax. Getting rid of it would benefit a tiny slice of high earners and their families including Trumps family, who could save as much as $1 billion once Trump moves on to delivering an accounting for his life to his maker.
Yet Trump has absurdly sold estate-tax repeal as a huge boon to millions of small businesses and even to the American farmer.
(Excerpt) Read more at washingtonpost.com ...
The Washington Post is so screwed up, it would be admitted for it’s own protection if it were a person.
Communists AND THE LYING LEFT despise private property.
My paternal grandparents recently died.
They bequeathed the farmland they owned to my father and his brother.
And there is NOTHING they could do with it, because if they did anything, they’d have to pay more than they could afford in taxes. They can’t rent it or sell it or use it, if what they told me was correct.
So screw you, Compost.
Maybe we should replace it with a TAX on Commercial Speech for Compensation or Hire.
Conservative: If you earn it, it belongs to you.
LIEberal: If you have it, we can take it to buy votes.
The poor dears think we are stupid like they are.
POTUS is going to speak to an audience of truckers & trucking company owners in PA today. Turns out trucking businesses are significantly effected by the estate tax because the rigs are valuable and the margins are slim, leading to cash poor businesses with sky high assessments by IRS.
The heirs need to sell rigs and close offices to generate the cash to give Uncle Sam his pound of flesh. Many businesses don’t survive. If you’ve never run a business you can spout any kind of nonsense and think you are Einstein when all you are is partisan & clueless.
There isn’t a single reporter at the Compost who has ever seen a farm much less ever set foot on one to do a honest days work so they could write about the troubles facing the american farmer.
Replace the estate tax with a 10% tax on advertising: TV, news papers, radio, internet.
Let me say that the Compost may be egregiously misinformed . . . but, more likely, they are shamelessly lying through their teeth.
I am not a rich man, but estate taxes are one of the most insidious and disgusting forms of taxation there is. Subsequent generations have a way of diluting asset ownership of families. It is not government’s place to do it.
Yeah, what a scam to let people keep their own property. Wow, people shouldn’t be taxed when they die, on something they have paid tax on while they wee alive.
The scam is the IRS - legalized stealing.
Are the numbers in the article correct? That the Estate Tax only applies to estates worth more than 5.49 million?
A lie that early in the article means no need to read farther. It would also benefit middle-class small business owners, independent professionals and family farms who have frequently been forced to sell the business or go into debt to pay the taxes.
According to Forbes, it is.
And yet for most of its history, the US had no income tax, let alone an estate tax. Somehow, we grew and prospered, becoming an advanced industrial society.
let me say...this greg sargent and his rag are babbling idiots. tells me he comes from a family that doesn’t have SH#T, cause if he did he’d be singing a different tune. these people are sick and need to move to CUBA!
The Washington Post does not celebrate the achievements of settlers, or entrepreneurs, or the frugal, provident & loyal. In their confusion, they are unable to distinguish property achieved by honest effort from the notion that everything somehow belongs to a collective, whether earned or not.
Traditionally, middle class Americans seek to join the high achievers, not plunder and steal from their children.
Maybe the government seizing the washington pest would make them happy?
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