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Response to SunSeeker (Original post)

Tue Aug 14, 2012, 04:14 PM

43. What about estate taxes?

Income one receives from one's own labor is taxed at the federal level up to 35%.
Income one receives from the labor of others is taxed at the federal level at less than 15%.
Income one receives from the death of another is usually taxed at the federal level at ZERO%.

Interestingly, much of the value of an estate is usually from unrealized (untaxed!) capital gains.

Why should the tax be less on income for which NO WORK was performed?

It seems backwards to me.

At the same time, I can see different "brackets" for each category. It seems to me that any income below the poverty level shouldn't be taxed, at either the federal, state, or local levels.

A "tax" is NOT a penalty! It should be a payment for the government system within which the benefits (security, titles, services, rights, economics, etc.) were received. Those benefiting the MOST should pay the MOST. Those barely surviving should pay the very least. (That obviously does not include Exxon.)

Since it's a payment into a system from which one benefits, shouldn't veterans (with combat experience?) receive a lifetime deduction from their federal taxes?? How much is the value of 2-3 years of one's LIFE? One's health?

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