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"OlBlueEyes" wrote in message ... " wrote in oups.com: Death Tax?? Nice talking point. Where did you learn that? From Rush Scumbag? Hannity? Who? The "death tax" that the Republicans whine about is actually a capital gains tax on property that is being distributed to a person's heirs. Incorrect. No "capital gains" are realized because no sale takes place (well, unless the heirs are FORCED to sell JUST TO PAY THE TAX). The objective is to ensure that capital gains taxes are collected when assets are transferred to new owners. There is no realized capital gain in such a transfer. Why shouldn't the government collect capital gains taxes on estates that are in excess of a few million dollars? Oh, I don't know, maybe because IT'S NOT THEIR ****ING MONEY. It isn't any different that the deceased selling the asset and paying capital gains taxes while they are still alive. Yes it is different, because THERE IS NO SALE. Estate taxes kick in when the estate value is in excess of several million dollars. I don't remember the cut off point, but it is so high that the percentage of estates that are actually affected is very small. So what? I'm not affect by it, but I'm against it. I don't know about you......but I sure hope that my daughter could one day be affected by it.....if you know what I mean ;-) That's because I have something called a VALUE SYSTEM. Apparently the only "value" you believe in is to **** over everybody else who you can - certain fringe groups of freaks excepted, I'm sure. |
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