Hooray for the Death Tax!

Townhall ^ | 6/9/2006 | Larry Kudlow

[groanup]

Trusts get hard to set up when you have several families working the same farm

That's why a lot of families in such situations use family limited partnerships to avoid estate taxes.

[groanup]

My understanding is that the top 5% of the wealthiest class control 90% of the wealth

You're perfectly free to go out and create all the wealth you want to. No one is stopping you.

[FairOpinion]

Kudlow is NOT an open borders supporter.

He is in favor of sensible solutions.

Advocating deprting illegals instead of finding a solution may make people feel better, but it is not realistic.

And when the economy needs and can accomodate extra workers, not providing them only hurts OUR economy. Providing them within the law takes away from the incentive to come here illegally, and we would know who is in the country.

All those who are against "amnesty" should ask themselves -- what REALISTIC solution do they have regarding the illegals already here?

[dalereed]

Pay the bill by eliminating the "earned income tax credit" which is nothing but welfare!

BTW, I don't believe in charity!

Everyone earn your own keep.

[Mamzelle]

Sounds like the same weasle-words we're getting from the president who wants to drive down wages and destroy upward mobility for American citizens. And, y'know? I think eliminating the estate tax is not very...sensible...just kinda unrealistic, expecially when Joe Sixpack has been thoroughly alienated and is going to scoff at Ludlow's worries over where his millions will end up.

Kudlow thinks Joe will just fall in line? Be there when it's Kudlow's ox being gored?

What the fiscal conservatives had better understand if they want anything done is that Joe is not just unhappy, he's disgusted and furious and fit to be tied. It's going to affect your pet issue, and attempting to wave his concerns away (or condescend to him, like the Fred Barnes of the RINOs do) is going to get you a third party and President Hillary. And Joe's not stupid--he knows what "amnesty" means, no matter how Clintonesque the argument.

This is every issue dear to the hearts of erstwhile elitists and hegemonists...and especially the WOT, though the idiots in the admin haven't figured that out yet. America has just seen GWB wave a white flag at Mexico, and they're not going to forget it. Heretofore, they didn't associate a shrug and a surrender with GWB. Now they do.

[FairOpinion]

Words, words, words, no constructive suggestion.

What do YOU think we should do:
1.) with the 12 million illegals currently living in the US
2.) with the needs of business for workers for jobs that Americans can't and won't do?

[Mamzelle]

You already know what we think, and what we want, and what we expect. Rigorous enforcement , border secured, and absolutely no reward for lawbreaking.

And suggest to the estate-tax elimination enthusiasts that they ought to just not pay that terrible tax. What a novel idea. Yeah, just don't obey the law. Keep the money.

Just be a willing keeper of willing money.

[FairOpinion]

In other words you do NOT have a constructive solution.

And I just let myself be conned into the thread hijack into an immigration thread, so I won't continue that debate on this thread.

Kudlow is right about the Estate Tax. Do you think people should be taxed twice?

[Mamzelle]

In other words, you think you can just forget about Joe Sixpack. You're not alone in that delusion. It's going to be a rude awakening, because the GOP did not exactly win in huge numbers last time around and Joe is going to stay home next election. But, if you're not concerned, why should I be, indeed?

Who's being taxed twice? I see two entitities being taxed, an individual once, and his heirs once. Kudlow once, and his heirs once.

[Mamzelle]

re: conned...

Conned? snort. You con easily. You posted to me first, and I was replying to someone who had already brought up the subject.

Political alliances and loyalties will end up mattering more to Kudlow once he loses his most important ally. They might even end up being relevant to your pocketbook.

[IamHD]

You've got that right! And in the mean time, I have a neighbor with 4 kids by 3 different men, sucking off of the government teat and others call me heartless because I dare say things to her like, "get a job" when she complains.

It took my husband & I 20 years to pay off his inheritence taxes @ $10k per year. His mother worked HARD and we work hard to pay our bills.

[rcocean]

What do YOU think we should do:
1.) with the 12 million illegals currently living in the US
2.) with the needs of business for workers for jobs that Americans can't and won't do?

1) We don't "need" to do anything except enforce the law; stop the inflow and quit rewarding illegal immigration. Do that and most will go home.

2) What needs? There are no jobs Americans "can't" do. And Americans will do *any* job if paid well enough. It isn't the job of Federal Government to ensure a supply of cheap available labor. Its called the free market. And if you can't compete in a global economy without illegal, tax free labor then too bad.

[GregoryFul]

We are lucky that the tax man exempts spending for medical and educational expenses from the "death tax" - otherwise, many who pay for ivy league, or most private collages for their offspring, or large medical bills, would be filing gift tax returns every year.

Money I earn, and pay taxes on, I cannot even give away to my own without becoming liable for additional taxes.

[pigdog]

Yeah, enforcing the emigration laws would be nice. So would changing at least the tax law to the FairTax so that if the illegals remained here they would at least be paying the full tax load as would everyone else rather that just evading.

They'd pay tax at the same rate as the rest of us but NOT be eligible for the prebate and this would be a serious disincentive for them to remain. If they did, however, at least they'd be contributing fully to tax revenue whereas now they merely soak up tax money in the form of benefits the rest of us pay for.

[A CA Guy]

I'm with you on that.

How do some people pay only 2k in taxes and get back 7k?

[A CA Guy]

I agree with you, because everyone should pay something.

[Toby06]

I can shorten it: Governmental capital confisction.

[A CA Guy]

The implication I am making is there is a national debt developed in our lifetime and we owe it and should not run away from the bill like cheapskates and nonconservatives.

Since they are collecting the estate tax, I think they should dedicate the money coming in to pay the debt down.

Granted, getting politicians to not spend it will be a chore.

I don't think there is a spot of conservatism in the person who could in clear conscious leave the bill with their grandchildren. I kind of think that is pathetic.

I can understand people not liking what I am saying, who is going to cheer about there being a bill and that we should pay it?

[DB]

It isn't my debt or my familes debt.

I haven't received even remotely back what I continue to pay in. And it isn't possible to ever do so in my life time.

Just because politicians continue to misspend the money they collect from me now isn't my fault. If they'd stop continuely increasing the spending of our money they could begin to pay off the national debt now without confiscating my money when I die they already taxed when I was alive.

[A CA Guy]

It isn't my debt or my families debt.

If you are not an American citizen, that could be true.

There is a debt and grandkids are not the ones who made it, we all did.