Talked to Thornberg

[what_a_disasta]

Inheritance taxes are higher in the US in the upper band.

Inheritance tax is not unfair in my mind. I think a society where people earn their place and lifestyle is preferable to one where you can just inherit it. Let everyone stand on their own 2 feet.

There should however be a 100% exception if the estate is passing to your long term spouse.

[PD]

You pay taxes when you earn your money. It is bogus to tax the heck out of it again when you die. When you earn the money, you should have the right to pass it down to your heirs without a huge penalty. Down with the Robin Hood mentality. I would like to give my children a leg up if I can.

[PD]

You pay taxes when you earn your money. It is bogus to tax the heck out of it again when you die. When you earn the money, you should have the right to pass it down to your heirs without a huge penalty. Down with the Robin Hood mentality. I would like to give my children a leg up if I can.

[PerryChase]

Earning money is all relative. What if you get to steal it from the peasants for centuries?

What if you get a big oil or rail concession because of corrupt government?

PD, do you think that the Rockerfellers and Vanderbilts honestly earned their money?

If you “earn” a certain portion of GDP, shouldn’t it be fair to contribute the same proportion back?

[PerryChase]

Earning money is all relative. What if you get to steal it from the peasants for centuries?

What if you get a big oil or rail concession because of corrupt government?

PD, do you think that the Rockerfellers and Vanderbilts honestly earned their money?

If you “earn” a certain portion of GDP, shouldn’t it be fair to contribute the same proportion back?

[Anonymous]

Perry, why should heirs pay taxes on what their parents managed to save, after taxes? Think about your poor dogs, Perry; who will provide for their daily linen service if it all goes to the IRS?

You think that annual taxes on income and cashed in investments is not enough? You think that annual property taxes on homes, boats, and cars is not enough?

And you’re going to be the arbiter of who ‘honestly earned their money’? Have the producers of trash like ‘American Idol’ and ‘The OC’ honestly earned their money?

I guarantee that I’ll structure things such that my nice-sized estate won’t get ‘death taxed.’ Just as all the left-wing fat cats in Hollywood have done.

[Anonymous]

Perry, why should heirs pay taxes on what their parents managed to save, after taxes? Think about your poor dogs, Perry; who will provide for their daily linen service if it all goes to the IRS?

You think that annual taxes on income and cashed in investments is not enough? You think that annual property taxes on homes, boats, and cars is not enough?

And you’re going to be the arbiter of who ‘honestly earned their money’? Have the producers of trash like ‘American Idol’ and ‘The OC’ honestly earned their money?

I guarantee that I’ll structure things such that my nice-sized estate won’t get ‘death taxed.’ Just as all the left-wing fat cats in Hollywood have done.

[what_a_disasta]

Have the producers of trash like ‘American Idol’ and ‘The OC’ honestly earned their money?

I’d say yes to both.

I agree that anyone who is going to get effected by inheritance tax (people who inherit in excess on $2m a year) will most likely persuade their benefactors to employ some bogus corporate structure to evade those taxes.

[what_a_disasta]

Have the producers of trash like ‘American Idol’ and ‘The OC’ honestly earned their money?

I’d say yes to both.

I agree that anyone who is going to get effected by inheritance tax (people who inherit in excess on $2m a year) will most likely persuade their benefactors to employ some bogus corporate structure to evade those taxes.

[Anonymous]

You say bogus, I say Bahamas.

[Anonymous]

You say bogus, I say Bahamas.

[PD]

Taxing it once is fair. Taxing it twice is legalized theft.

[PD]

Taxing it once is fair. Taxing it twice is legalized theft.

[PerryChase]

The law is the law and it’s perfectly legitimate for individuals to shelter their money. Nothing wrong with Hollywood stars or other well-to-do individuals sheltering their money. I would do the same.

From what’s best for society, my ideals are those who own the largest portion of the wealth (that society generates) also pay the largest portion of the taxes (contributions to society). The estate tax is a wealth tax and that’s fair in my view. We should mend it not end it.

I also agree that _American Idol_ and _The OC_ are trash.

[PerryChase]

The law is the law and it’s perfectly legitimate for individuals to shelter their money. Nothing wrong with Hollywood stars or other well-to-do individuals sheltering their money. I would do the same.

From what’s best for society, my ideals are those who own the largest portion of the wealth (that society generates) also pay the largest portion of the taxes (contributions to society). The estate tax is a wealth tax and that’s fair in my view. We should mend it not end it.

I also agree that _American Idol_ and _The OC_ are trash.

[Author]

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