"OlBlueEyes" wrote in message
...
" wrote in
oups.com:

A transfer of ownership does indeed take place.

Not all "transfers of ownership" are sales. Maybe you're a stingy *******
and have never heard of the concept of "gifts". Do you want gifts taxed
too? Oh yeah, they are already - it's called SALES tax because it occurs
at the point of SALE.

After a certain dollar
amount is excluded from taxes, the rest of the value is taxed. It is
called progressive taxation. Is that hard to understand?

Progressive taxation is an entirely different concept from the death tax.

There is a realized gain when the asset ownership transfers. The dead
person used to own it. Now it is being transferred to a person who may
or may not be related to the decedent. That person has realized a
substantial gain. The concept isn't that hard to understand, is it?

Obviously you don't know what the term "realized gain" means. If I buy a
share of stock for $10 and next week it's worth $20 I DO NOT have a
"realized gain" unless I SELL it, even though its value has appreciated.

What's up with the taxes the government takes out of my paycheck? IT'S
MY ****ING MONEY!!! Why do they take it from me? Please explain.

I wish they didn't. That's the difference between you and me.

If you give a $100,00.00 boat to a friend or family member they have to
pay a sales tax on it,

NO they do not.

Your values are such that you think that it is OK for extremely wealthy
people to hand down assets from generation to generation without ever
having to pay taxes on the capital gains the assets have accrued? That
is quite interesting... and sad, too.

No, my values are such that the government didn't do anything to deserve
stealing somebody else's money.

It is very simple.........lets say that land that was originally purchased
for $1000 is passed on death of the owner. The new owner's basis is still
$1000, if he ever decided to sell, he pays capital gains on any gain, he
he in turn passes it on to a third generation, the same holds until the
property is sold.

Cash would be transfered at a 0 basis, since any interest would have already
been taxed.

The only reason the liebrals want the death tax is for wealth
redistribution.


My values don't include ****ing over anybody. If anything, I am a
****ee, not a ****er. It is amazing that more than 1/2 my income (and
probably yours, too) goes to pay taxes of all kinds (income, sales,
fuel, telecomm, real estate, personal property, etc, etc). Sheeple like
you buy into the idea that an estate tax is a bad idea.

All those taxes are bad ideas. Every one of them. Why don't you try
FIGHTING AGAINST a tax rather than FIGHTING FOR one?

The USA is supposed to be of the people, by the people, and for the
people. Not just wealthy white male property owners.

I figured your argument would devolve into a racist sexist harangue.
Surprised it happened this quickly.