Free Republic

Title says enough. Transcript linked below short video.

Starmer does multiple screw ups and fails to remedy them, especially farmers and inheritance tax, heating allowance for seniors, and lawfare against opposition, national insurance, etc.

One of the baleful dimensions of our times is the way that the conversation about what constitutes the good society is framed by the rich and their interests. A conception of the common good withers; instead it is replaced by the existential importance of private wealth, private interests and private ownership to societal health. Nowhere is this more exposed than in the debate over taxation, and in particular the taxation of inherited wealth – as the debate over the past fortnight has dramatised. Half a million people die every year. Under the reforms to inheritance tax relief on agricultural land...

Elon Musk has hit out at the Labour government over its plans to hit some farmers with inheritance tax as those from the agriculture industry plan huge protests. Chancellor Rachel Reeves unveiled the new policy in the Budget, meaning that from 2026, inheritance tax relief for business and for agricultural assets will be capped at £1million. Many farmers are furious as this could see them hit with a huge tax bill when their farms are passed down to family members, even risking putting them out of business. But Prime Minister Sir Keir Starmer has defended the policy, saying he is...

The Finance Minister has ruled out abolishing inheritance tax, saying it would not be fair. Former Justice Minister Alan Shatter has launched a campaign to abolish the tax. Children can currently inherit €335,000 from their parents before they have to pay tax, but anything above that rate is taxed at a rate of 33%. Jack Chambers said he thought “having capital acquisitions tax is important in a balanced economy in terms of fairness and equity.” …

Senator John Kennedy (R-LA) has accused President Joe Biden and Treasury Secretary Janet Yellen of supporting a tax policy designed to please what he called "pink-haired wokers." Kennedy spoke to Fox News host Tucker Carlson on Friday about Biden and Yellen's support for changes to an inheritance tax policy called the stepped-up basis, which limits the payable tax on an inherited asset that has appreciated over time.... ..."And I guess the moral of the story is this is what happens, this is what happens when you have a president and a Treasury secretary who are on a mission from God...

On the campaign trail Biden was asked if he would raise tax on small businesses On February 20, 2020 he said: 'No. Taxes on small businesses won't go up' Next week House Democrats will vote on the framework for the tax hikes Biden wants to raise the top marginal income tax rate to 39.6 pc, from 37pc Americans For Tax Reform calculate 1.9 million small businesses will be affected Furthermore, Biden plans to remove a 'step up' in basis on inherited property The rule means the person who inherits the property can sell it immediately without paying any capital gains...

<p>Wealth inequality around the world is “out of control” and doing particular harm to women, anti-poverty campaigner Oxfam warned Monday ahead of the annual gathering of business and political leaders in the Swiss ski resort of Davos.</p>

Almost half of us are okay with the idea of two people getting married to avoid inheritance tax. In a study carried out by Amarách Research for RTÉ’s Claire Byrne Live, 48% of people said they would support two people getting married where the sole purpose is to avoid inheritance tax. […] The poll comes after two friends went on RTÉ’s Liveline on Friday afternoon and said they were marrying for tax reasons. The show heard from 85-year-old Matt, who told Joe Duffy that Michael O’Sullivan was his best friend and that he planned to leave him his house when...

New Jersey's wealthiest man may be making a common Northeast move: a relocation to the tax-friendly state of Florida, a report says. According to Bloomberg, David Tepper has shifted the base of his Appaloosa Management to the Sunshine State as of Jan. 1 after registering to vote and declaring citizenship in Miami at the end of 2015. Taxes were reportedly an important part of the 58-year-old's decision, but also, quality-of-life played big part in his choice to move, according to the article. Tepper has been a resident of the Garden State for more than two decades and has continually appeared...

FOX CHAPEL, Pennsylvania, November 5, 2015 (LifeSiteNews) – Three years ago, Nino Esposito adopted his adult gay lover, Roland Bosee, Jr., as his legal son in order to save money on future inheritance taxes. Now that homosexual "marriage" is legal in Pennsylvania, they went to court to dissolve that legal adoption so as to "wed." Judge Lawrence J. O'Toole, of the Court of Common Pleas of Allegheny County, told the men that state law didn't give him the power to dissolve a legal adoption, unless there was fraud involved.  Now Senator Bob Casey (D-PA) is asking the Obama administration to...

Class warriors on the left argue that the United States should be more like Sweden, and we agree: Senate Republicans should move forward with a plan to repeal the inheritance tax, which the House passed Thursday. Sweden had an inheritance tax for 110 years, and though the rate was sometimes quite high, the tax never became an important source of revenue. In the United States, the hated death tax produces only a fraction of a percentage point of federal revenue, though it imposes very heavy costs on a small number of families and businesses. In Sweden, the tax provoked various...

The stated mission of the Edward M. Kennedy Institute is to teach the general public about how the U.S. Senate works, so it’s fitting that the shrine to the late Massachusetts Democrat is funded, in part, by $38 million in taxpayers’ money. The $78 million combination museum and interactive civics exhibit was formally dedicated by President Obama on Monday. Besides a section honoring Kennedy’s 46-year political career, which ended with his Aug. 25, 2009 death, the Institute will offer a “Senate Immersion Module” which aims to teach visitors how the upper chamber works. (snip) On top of an $18.9 million...

Received a mostly property inheritance. Had to sell off some to pay the inheritance tax. Inheritance is not taxable as income. Inheritance tax is not deductible as an expense. There were no capital gains on the sale. Does the sale count as income? Tax appointment in 3 weeks and it is just bothering me. I cannot stand the suspense. I think it would not count since it was part of the inheritance and the inheritance tax was paid.

President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class. As Obama continues to signal what he will propose during Tuesday's State of the Union address, senior administration officials said during the weekend that he will call for raising the capital gains rate on top income earners and eliminating a tax break on inheritances. The revenue generated by those changes would fund new tax credits and other cost-saving measures for middle-class...

via Michelle Malkin

With the current relatively generous federal estate tax exemption of $5.25 million for 2013 and $5.34 million for 2014, you surely don't have any estate tax worries. Right? Not necessarily! It turns out that 19 states and the District of Columbia impose their own estate and/or inheritance taxes, and most of them have exemptions well below the federal amount. If you live in one of these places, your estate might be exempt from the federal estate tax but still exposed to a significant state death tax hit. Yikes! Here's what you need to know.

The number of Americans owning pets is at a record high, and more people are making provisions in their wills to provide for these animals after they're gone. But to ensure your pet is cared for as you intend, it's important to set up a pet trust—an arrangement that 46 states permit. "Pet trusts aren't just for the wealthy," says Frances Carlisle, a trust and estates attorney in New York. For most pet owners, she adds, the goal "is to make sure a plan exists for the care of the animal." Pet trusts can take effect either after you die...

Probably the most bracing aspect of Ira Katznelson's new history of the New Deal, Fear Itself, is his portrait of the marriage of progressive domestic policy and white supremacy. I knew the outlines of this stuff, but for a flaming commie like me, the extent of the embrace is hard to take: Far more enduring was the New Deal's intimate partnership with those in the South who preached white supremacy. For this whole period -- the last in American history when public racism was legitimate in speech and action -- southern representatives acted not on the fringes but as an...

Although negotiations over a package of tax increases and a proposed casino collapsed Monday night, the Maryland General Assembly passed a lot of bills this session — 791, to be exact. Of those, 96 percent were passed in the last week, including hundreds in the hours and minutes before midnight on Monday. Here are some highlights from the 90-day session’s last day: STORMWATER FEE The Senate spent much of the session’s waning hours fiercely debating a stormwater fee bill that was on few people’s radar earlier in the session. The bill requires localities to fund projects to reduce polluted runoff...