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Another reason we must vote 4 Hillary
Hillary Clinton Proposes 65% Top Rate for Estate Tax
Tax plan changed to increase top rate for wealthiest households :pray: Democratic presidential candidate Hillary Clinton would impose a 65% tax on the largest estates and make it harder for wealthy households to pass appreciated assets to their heirs without paying taxes, according to an updated version of her tax plan released Thursday. The 65% estate-tax rate would be the highest since 1981 and marks one of the most enormous tax-policy gulfs between Mrs. Clinton and Mr. Trump, who would repeal the tax. |
Democrats never met a tax they didn't like.
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Very rich like Clinton and Trump do not pay that tax, they have lawyers that have trusts etc.
It's family businesses and family farmers that get walked. When Clinton says Trump is trying to save himself 4 billion dollars it is yet another lie. She will say ANYTHING, including riling up black protesters to the point of murder. |
"Wacked" not walked
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Big agriculture, for years, have been trying to get rid of the family farm. Her proposals will make it impossible for farmers to pass down their farms to the next generation. This will apply to pretty much any family business. |
And this is a reason to vote for Hillary?
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It's a reason to not vote for this handicapped sick woman.
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She would impose a 50% rate that would apply to estates over $10 million per person, a 55% rate that starts at $50 million per person and the top rate of 65%, which would affect only those with assets exceeding $500 million for a single person and $1 billion for married couples.
Hillary Clinton Proposes 65% Top Rate for Estate Tax - WSJ |
Why do liberals always want to take wealth from those who work hard and earn it, and give it to those who don't?
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My father always told me the democrats will tax you to death. That was in the 50's and you know what he was right. Democrats are no good.
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So people who have already paid taxes when they earned the income to purchase their assets , and who have paid capital gains when their investments paid dividends should be taxed yet again on the same assets because they passed on ?
And that is fair and justified exactly why ? |
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Why don't you people get your facts straight. Presently, estates worth $5.45 million or less are exempt from federal estate tax. Beyond that dollar limit, the estate tax kicks in, generally requiring you to pay a tax of 40%. Clinton wants to raise that 40% tax rate to 45%. She also thinks the $5.45 million exemption threshold is too high. She would cut it materially so that more people have to pay estate tax, dropping the exemption amount from $5.45 million to $3.5 million. However, according to the Tax Policy Center, only approximately 10,800 estate tax returns will be filed for deaths in 2015. Of those, less than half (about 5,300) will be taxable. In that sense, the dollars at stake are arguably not too significant.
Proponents of the estate tax argue that it helps to stop wealthy people from getting even wealthier, generation after generation. They see the estate tax as helping to curtail dynasties, keeping them from growing unchecked. Trump, on the other hand, favors getting rid of the state tax. And being a billionaire, would benefit enormously from an estate tax repeal. |
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Just curious, would Hillary's new tax proposal apply to YOU? |
This is all BS. Once a person acquires and estate it should be theirs. You bet your a$$ it's not going to affect any politician especially the clintons, Kerry's, Obama's, Nancy lets pass it to see what's in it. It will also not affect trump, gates, tax cheat Buffett, or any other billionaire. That's why we have lawyer's, only the poor stooge voter that can't afford lawyers get the Shyt taxed out of them.
Another thing you NEVER heard democrat talk about lowering taxes or paying down the debt. They can NEVER get enough money to spend for votes. |
The fact is we can no longer support the takers as the givers have run out of money. Government programs to buy votes has made this a socialist state.
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I don't feel sorry for billionaires. Call me deplorable. |
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You realize that if they don't get the taxes from the Billionaires [not millionaires] they get it from the people that pay taxes. [Most of us down here are millionaires.] That's you and me. I don't feel sorry for billionaires. Call me deplorable. |
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I am always amused at the "tax rate" discussion about millionaires and billionaires.
The tax rate is not an apple and an apple. Most taxpayers pay taxes on wages. Millionaires and billionaires do not make wages. It is all about asset management and investments....that simply are not at the same "rate". Instead of talking about "rates", it would be more useful to be talking about amounts of $$$$$ paid in taxes per the given rates. Most of us know the result of such an exercise.....right. But the media and political abuse and mis-information talking about tax rates plays better to the uninformed. The uninformed do not know they are uninformed....that is the pity of what is happening in our society today. |
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Those things would have happened if Howdy Doody was in office or not!!! |
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Second, Clinton NEVER had a surplus. Anyone can put a budget on a piece of paper on his way out the door, not knowing what next year is going to cost. At any rate, NO ONE has had a surplus which allowed them to pay down on the national debt since Eisenhower. ( a Republican ). As for a Democrat president lowing taxes, I believe Kennedy might have been responsible for some tax breaks. I would have to look it up to be sure. As much as I hate to say it, in my opinion Bush hosed up by lowering the tax rates to the extent that half the country gets out of paying their equal share (the lower 47%). All that did was cause 47% Democrat voters. The tax rates were supposed to be temporary but Obama wanted to keep all but the wealthy tax breaks. |
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