we have a graduated income tax all income should be taxed - fairly
On Dec 7, 12:25 am, Daniel Seigler <[email protected]> wrote: > Date: Sun, 6 Dec 2009 14:11:10 -0800 > From: [email protected] > Subject: Fw: [CCCC-USA] House Democrats Vote for Massive "Death" Tax > To: [email protected]; [email protected] > > > > ----- Forwarded Message ---- > From: Lynda Brasier <[email protected]> > To: ThinkAboutit <[email protected]>; cccc usa > <[email protected]> > Sent: Sat, December 5, 2009 12:23:20 PM > Subject: [CCCC-USA] House Democrats Vote for Massive "Death" Tax > > Earn money and the Feds will tax you. > > Earn interest on the money and the Feds will tax you. > > Invest the money and make a profit, the Feds will again tax you. > > Then, if the Democrats have their way, you die and the Feds will get almost > as much money as your family, spouse and children--45% of your estate if you > have been successful. > > This means family farms will have to be sold. Small businesses will be sold > out from under families. This means government is your business partner and > a member of your family. > > For the jealous Leftists who love this policy, this also means fewer jobs, > more financial shenanigans and more losses to society. > > The policy of the "death tax" is about triple taxation, greed by government > and theft by government. > > Susoni > ------------ --------- ------ > > By Ben Pershing, Washington Post, 12/03/09 > > The House approved Thursday a measure making the current estate tax rate > permanent, overcoming the objections of an unusual coalition of liberal and > conservative critics. > > The bill passed, 225 to 200, with 26 Democrats joining all Republicans > present to vote no. It would make permanent the current estate tax rate of 45 > percent, with an exemption of $3.5 million per individual. If Congress does > not act, the estate tax would disappear altogether in 2010, then return in > 2011 under the higher rates -- 55 percent and a $1 million exemption -- that > existed before President George W. Bush took office. > > The Senate faces a Dec. 31 deadline to address the issue, but it's not clear > when that chamber will find the time to do so in the midst of its marathon > health-care debate. It's also unclear whether the House's approach on the > estate tax could garner the 60 votes necessary to move forward in the Senate. > > Some Democrats in both chambers would prefer to see higher estate tax rates, > arguing that the pre-2001 levels were fair and provided the government with > much-needed funds. Making the current rates permanent will take a bite out of > the federal treasury, with the government estimated to lose $234 billion in > revenue over the next 10 years. > > Most Republicans, meanwhile, don't want any estate tax at all, opposing the > concept on philosophical grounds. > > "Death should not be a taxable event," said Rep. Dave Camp (Mich.), the top > Republican on the tax-writing Ways and Means Committee. "Death should not > force the sale of family farms or the dissolution of small businesses. The > fear of death should not be a reason for Americans to hire a battery of > accountants and lawyers to find legal ways to reduce the bite of the estate > tax." > > While Republicans often invoked the specter of distressed farmers and > business owners Thursday, Democrats suggested the GOP was trying to mask > their true desire to shield the wealthiest Americans from taxation. > > "Abolishing the estate tax would add billions and billions to our deficit -- > and while a small number of wealthy families would benefit, the growth of our > economy as a whole would suffer," said House Majority Leader Steny Hoyer > (D-Md.). > > The current rates leave roughly 0.2 percent of all estates subject to > taxation in 2009, according to the Tax Policy Center, a think tank. Since the > $3.5 million per-person exemption is not indexed for inflation, that > percentage will gradually increase over time. > > Senate Majority Leader Harry Reid (D-Nev.) said Thursday that he had met with > House leaders to figure out a way forward on the estate tax and other > end-of-session priorities. Sens. Jon Kyl (R-Ariz.) and Blanche Lincoln > (D-Ark.) are pushing a measure that would reduce the estate tax rate to 35 > percent, with an exemption of $5 million per > individual.http://capoliticalnews.com/blog_ post/show/ 3729 > __._,_.___ > > Reply to sender | Reply to group Messages in this topic (1) > Recent Activity: > > New Members 1 > Visit Your Group Start a New Topic > What is The Answer To The Greatest > Question?http://www.amazon.com/gp/product/097871461X?ie=UTF8&seller=A1AVPSERX4... > > Click here to find out about Answer To The Greatest > Question:http://reasonmustprevail.org/ > orhttp://1smartest.net/ > > Visit the ultimate resource for defending liberty > > CLICK HERE:http://targetfreedom.typepad.com:80/ > > 1. Links to liberty defending organizations > 2. Links to liberty defending web pages > 3. Links to A MASSIVE assortment of liberty defending videos > 4. A stream lined system for contacting legislators with suggested letters > 5. Links to liberty defending egroups > 6. 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