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questionseverything

(9,654 posts)

44. So maybe a progressive inheritance tax?

Wed Apr 21, 2021, 11:23 PM

Apr 2021

I would like the first half cent of every dollar that any corporation takes in in the USA to go to our treasury

Then loop holes would not matter, leaving the country wouldn’t matter

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47 replies

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Bernie Sanders: How to raise trillions without hiking taxes on working Americans [View all] Donkees Apr 2021 OP

I am against all taxes on inheritance. marie999 Apr 2021 #1

I'm for 100% tax on inheritance over multigraincracker Apr 2021 #2

In many cases that could be a double tax. marie999 Apr 2021 #4

Specious argument. Once someone dies, they're done paying taxes. Sibelius Fan Apr 2021 #5

Not only that, but by that same logic corporations shouldn't pay taxes GregariousGroundhog Apr 2021 #6

On money already taxed. The whole family pays that tax. marie999 Apr 2021 #7

You get paid. You pay taxes on the gross amount. Sibelius Fan Apr 2021 #8

No--a tax on income and a tax on sales are two different things. lastlib Apr 2021 #15

How about this? You earn $1000, pay your 10% income tax. rgbecker Apr 2021 #18

Exactly. Just like a tax on income and a tax on inherited wealth are two separate things. Sibelius Fan Apr 2021 #22

Hmmm, so if I understand your objection it is that money should only be taxed once. AndyS Apr 2021 #13

heirs who may not have worked for those billions.... only born into tremendous wealth Trueblue1968 Apr 2021 #25

Then create an inheritance trust law. Volaris Apr 2021 #32

It is not a double tax. The deceased earned the money not the beneficiaries...and we don't need Demsrule86 Apr 2021 #41

$500,000 is way too low. If you have a home that you want to pass along in my neck of the woods, Dream Girl Apr 2021 #9

+1 Celerity Apr 2021 #10

Everyone wants free money. multigraincracker Apr 2021 #17

Why are you against all forms of inheritence taxation? Red Oak Apr 2021 #16

Italy is the international poster child for the socio-economic disaster of government by oligarchy. jaxexpat Apr 2021 #19

Some of those that inherited great multigraincracker Apr 2021 #29

we should make sure that its not so big that they choke on it. Volaris Apr 2021 #33

So you want a class of people who never have to contribute a dime to federal taxes... Hassin Bin Sober Apr 2021 #26

K&R! nt Carlitos Brigante Apr 2021 #3

Corporations are not people UpInArms Apr 2021 #11

I agree; and lets use a Debt Tax. Volaris Apr 2021 #34

I like how you think UpInArms Apr 2021 #38

Let It Be So colsohlibgal Apr 2021 #12

Corporations will have no choice but to maintain profitability by raising prices bucolic_frolic Apr 2021 #14

........and the moment their pricing becomes insupportable, competition will correct them. jaxexpat Apr 2021 #23

Competition raises prices for all producers bucolic_frolic Apr 2021 #24

Huh? I live in a pretty simple world. jaxexpat Apr 2021 #46

Just like when taxes are lowered and they cut prices! Lucky Luciano Apr 2021 #28

Then Capitalism is not based on multigraincracker Apr 2021 #30

Transaction tax: Why don't people have to pay sales tax when buying stock shares like everyone else? rgbecker Apr 2021 #20

"a progressive estate tax rate starting at 45% on inherited wealth of more than $3.5 million" DFW Apr 2021 #21

He's not talking primarily about taxing billionaires. People with estates greater than $3.5 million pnwmom Apr 2021 #27

That's way more than I have multigraincracker Apr 2021 #31

It makes sense that someone with no kids who plans on leaving everything to charity wouldn't care.nt pnwmom Apr 2021 #35

Here's Why Warren Buffett Won't Leave All His Billions To His Kids: 'It's Harmful' multigraincracker Apr 2021 #36

Of course. But again, you're comparing a billionaire to someone with a few million. pnwmom Apr 2021 #37

3.5 million is just a starting point...2 million lower than the current exemption questionseverything Apr 2021 #39

Check your math. The current exemption is $11.7 million per person. pnwmom Apr 2021 #40

You are correct, I forgot about the former guy more than doubling the exemption questionseverything Apr 2021 #42

There are a range of possibilities, especially focussing on large, multinational corporations pnwmom Apr 2021 #43

So maybe a progressive inheritance tax? questionseverything Apr 2021 #44

Another possibility is a VAT. The revenues from that would be collected here pnwmom Apr 2021 #45

Suggestion: Write a bill, drum up support for it, get it passed and send it to the President. George II Apr 2021 #47