General Discussion

Brickbat

(19,339 posts)

18. Here are some older numbers to consider.

Thu Nov 20, 2014, 01:42 PM

Nov 2014

In 2005, the Congressional Budget Office estimated that if the exemption were set at $3.5 million in 2000, only 65 of the 4,640 farm estates filing returns that year would have hit that threshold required to pay the estate tax, and 13 wouldn't have been able to.

That indeed sucks for those 13 families. The exemption is now $5 million, and that's doubled if the farm is owned by a couple. The idea that this policy is taking away the farms of hundreds or even dozens of families is ludicrous.

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How to instantly prove conservatives are liars about economics. [View all] True Blue Door Nov 2014 OP

tell them you think the minimum wage should be 15 dollars an hour Kalidurga Nov 2014 #1

In the capitalist game of monopoly safeinOhio Nov 2014 #2

And when one person has all the money, it's game over. Scuba Nov 2014 #3

Oh, you mean the "death" tax! IronLionZion Nov 2014 #4

Whenever a cancervative starts bitching about welfare True Blue Door Nov 2014 #7

Perspective makes all the difference IronLionZion Nov 2014 #36

Meanwhile they enjoy double rights by being incorporated. True Blue Door Nov 2014 #38

What about when inheritance taxes make it too expensive to pass down the family farm? nt Nuclear Unicorn Nov 2014 #5

LOL True Blue Door Nov 2014 #6

Except it's not funny. Families are losing their farms. nt Nuclear Unicorn Nov 2014 #8

Or so people claim. jeff47 Nov 2014 #9

Property doesn't belong to families, it belongs to people. Donald Ian Rankin Nov 2014 #11

Thievery, nothing more. Nuclear Unicorn Nov 2014 #19

If by "the people" you mean "some of the people, but not all of them" then you are right. Donald Ian Rankin Nov 2014 #20

The farms are being stolen. Nuclear Unicorn Nov 2014 #21

Nonsense. Donald Ian Rankin Nov 2014 #22

And giving it to thieves who did nothing to earn it. nt Nuclear Unicorn Nov 2014 #23

No, selling it to people in exchange for money. Donald Ian Rankin Nov 2014 #24

No. The thieves steal what they want and leave crumbs behind for the family. Nuclear Unicorn Nov 2014 #25

The "death tax" was the favorite tax of our founding fathers. notrightatall Nov 2014 #26

It may have been, but it was also discontinued for many years. louis-t Nov 2014 #29

Found it. A very good history of inheritance tax. louis-t Nov 2014 #30

Get back to me when those applauding the destruction of family farms apply the same zeal Nuclear Unicorn Nov 2014 #31

I would, and more. notrightatall Nov 2014 #32

Oh, puh-leeze. Got any links to back up that malarkey? - nt KingCharlemagne Nov 2014 #12

No. Lex Nov 2014 #13

What's funny is that you expect anyone to take such a lie seriously. True Blue Door Nov 2014 #15

It's not an all or nothing prospect. It's possible to alleviate the devastation done to family farms Nuclear Unicorn Nov 2014 #33

There must be a lot of multimillionaires "scraping by" in Republican fantasy land. True Blue Door Nov 2014 #37

You obviously have no clue about rural life. Property can be valued in the millions but family Nuclear Unicorn Nov 2014 #40

Cry me a river, Aesop. True Blue Door Nov 2014 #41

Apparently you're the conservative from your own OP. Nuclear Unicorn Nov 2014 #42

Everyone could have a trust-fund if we had reasonable inheritance taxes. True Blue Door Nov 2014 #43

An Easy Exemption ProfessorGAC Nov 2014 #44

That's not a bug, it's a feature. Donald Ian Rankin Nov 2014 #10

With the exemption at $5 million, it's not an issue very often. Brickbat Nov 2014 #14

I don't have exact numbers energumen Nov 2014 #16

Here are some older numbers to consider. Brickbat Nov 2014 #18

No, they help all the people who benefit from e.g. social security or medicare. Donald Ian Rankin Nov 2014 #34

this is a horsehockey argument for several reasons. unblock Nov 2014 #27

Right now the first $5 million of an estate is tax free csziggy Nov 2014 #28

Zombie Lie Alert! truebluegreen Nov 2014 #35

Find one real life example. IronLionZion Nov 2014 #39

If I'm ever in Caricatureland, I'll try that. nt Dreamer Tatum Nov 2014 #17