Posted on 09/23/2016 9:45:16 AM PDT by Sean_Anthony
Three brackets, all higher than the current 45 percent
We’ve discussed the death tax a fair amount around here, and for better or for worse it usually breaks down to two arguments. Defenders of the tax say there’s no reason the children of rich people should feel entitled to get all their parents’ money, since they themselves did nothing to earn it. Critics of the tax respond by saying that if the parent earned the money, then it should be the parents’ decision who gets it, and at any rate there’s no particular reason the government should have a claim on it.
Did the government earn any of it?
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
”From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added].” —United States v. Butler, 1936.
Remember in November !
Patriots need to support Trump / Pence by also electing a new, state sovereignty-respecting Congress that will not only work within its constitutional Article I, Section 8-limited powers to support Trump’s vision for making America great again for everybody, but will also put a stop to unconstitutonal federal taxes and likewise unconstitutional inteference in state affairs as evidenced by Hillary’s unconstitutional proposal concerning estate taxes.
Note that such a Congress will also probably be willing to fire state sovereignty-ignoring activist justices.
And the only people the death tax affects are small business owners who want their kids to take over a family business.
Giant rich people like Buffet, Gates, Zuckerburg, the Kochs and others create a “foundation” and never pay a dime. The Clinton global initiative is one.
If Bill and Hillary both croak today, Chelsea would take over the Clinton foundation without a dime in taxes being paid. She would travel, have a huge salary, have all expenses paid, have a jet, have conferences in Jackson and Aspen, etc.... all as an trustee or officer in the foundation.
“Since all of these wealthy wall streeters and media barons are promoting he they deserve to pay it. Since Republican establishment types are helping them bring in Democrats they can pay it too.”
They all have foundations and trusts. They won’t pay a thin dime.
Next breath tax to ensue.
“vice those owning dozens of non-productive farms and land, multiple homes and condos, and fleets of vehicles.”
That distinction is none of your, or the governments business.
Maybe Ms Clintoon could lead the way to show how this death tax will work by her just FOAD ...
The bigger the government, the more evil it becomes. Stop feeding Moloch.
Convert assets into PMs before you go.
If I know that the gov’t is going to take 2/3 of what I would have left my children, I will just spend it now rather than let the bureaucratic thieves get their hands on it. It destroys all incentive to invest in anything; but of course the socialists know this all too well.
Say goodbye to NorthFork Long Island. Family farms and most wineries willhave to be sold once the owners pass on. What will take their p,ace on the land. Housing units at ridiculous prices which will ultimately fail since the farms and wineries are the principal drivers of North Fork prosperity. Summer people make June through September prosperous but not South Fork prosperous. Wine and agri-tainment keep things going March through Christmas. Oh and IIRC all NFL Tezms are privately owned. They go as well. Progressives look at wealthy peopleas if they were all Scrooge McDuck swimming in his coins in the Money Bin. They have no concept of the truth. And the Dems super rich bavkers like Gates and Zuckerberg will shield their assets through many Clintonesque scheme. But the Ciluzzis, owners of The Masthead in Ptown or the Harbes, owners of Harbes Family Farm and Winery on the North Fork, they are SOL.
Number three on The Ten Planks of the Communist Manifesto:
3. Abolition of all rights of inheritance.
Another Marxian attack on private property rights is in the form of Federal & State estate taxes and other inheritance taxes, which have abolished or at least greatly diluted the right of private property owners to determine the disposition and distribution of their estates upon their death. Instead, government bureaucrats get their greedy hands involved .
“They all have foundations and trusts. They won’t pay a thin dime.”
If they don’t secure the border than it is time to change the laws.
While I don’t disagree, the more wealth are who the media tries to say are opposed to the inheritance tax.
The real victims are the ones they never seem to notice.
And yes, it is ALL just thievery, but there are some who are ruined/devastated by it, and others for whom it is only an inconvenience.
Trump tweeted she lost every Republican, every #NeverTrumper and small business people with that bone-headed comment of hers about soaking them with high estate taxes.
Hillary knows how to win people over and make friends. NOT!!!
Hillary is done.
Thank you! Available in KS!
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