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Tractor Talk Discussion Forum

Re: Death and Taxes.

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David G

12-12-2012 18:19:18

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The inheritance taxes where put in place by the founding fathers to level the playing field each generation. They were tired of kings passing down all the wealth.

Put them at a reasonable level and 50% tax above that.

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12-13-2012 04:18:55

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 Re: Death and Taxes. in reply to David G, 12-12-2012 18:19:18  
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Would you kindly refer me to the inheritance tax put in place by the Founders please? The only Federal taxes put in place by the Founders I'm aware were import duties and tariffs. Later the first US State taxes I'm aware of were placed on alcohol. This resulted in actions such as Shays Rebellion. The Inheritance or Estate Tax as we know it did not appear until 1916, along with the rest of Wilsons Income Tax scheme.

I'm not sure where you got the idea the Founders instituted the Estate Tax.

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12-12-2012 20:29:22

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 Re: Death and Taxes. in reply to David G, 12-12-2012 18:19:18  
So it was taxed when it was earned. It was taxed when it was invested. It was taxed when it purchased property. It was taxed when a portion was spent. And you want half of what someone earned and saved to go to someone else.

Sounds kind of greedy to me.

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Ultradog MN

12-12-2012 18:29:30

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 Re: Death and Taxes. in reply to David G, 12-12-2012 18:19:18  
I might join you on the founding fathers stuff if you'll meet me in the middle.
Let's have the poll taxes they had then and maybe pre suffrage too?
If you want half of history you have to take the whole.

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David G

12-12-2012 18:46:19

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 Re: Death and Taxes. in reply to Ultradog MN, 12-12-2012 18:29:30  
Are you saying poor people and women should not be allowed to vote?

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JD Seller

12-12-2012 19:28:59

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 Re: Death and Taxes. in reply to David G, 12-12-2012 18:46:19  
I would say if you pay no Federal taxes then you should not get to vote in a Fedaral election. IF you pay state tax then you get to vote at the state level. Most do pay sales state sales tax. All those that pay taxes should get to vote.

What is going to sink us is the people that pay nothing and receive a lot of government hand outs. They will keep voting for those that play Santa Claus to them. This is without any regard to whether we have the money or not.

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12-13-2012 06:40:32

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 Re: Death and Taxes. in reply to JD Seller, 12-12-2012 19:28:59  
The people in Boston had a big demonstration because of "taxation without representation". So I agree. I din't think there should be "representation without taxation". In other words if you don't pay federal income tax you don't vote in federal elections.

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12-12-2012 19:24:30

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 Re: Death and Taxes. in reply to David G, 12-12-2012 18:46:19  
I'll say it; a voter should have some stake in the country; should meet at least one qualification. 1. own a business or earn wages 2. own property 3...........

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