[Dems2008] Re: Why Obama

---God, I don't think so...I could not believe how much these
ranchers complain about EVERYTHING, especially taxes. I think the
word whining is very appropriate in this instance.
You know we don't pay a state income tax, don't you. What's that say?
Sandra
.
In Dems2008@yahoogroups.com, "citation502" <citation502@...> wrote:
>
> Is there a person in all of Wyoming that likes ANY tax?
>
> --- In Dems2008@yahoogroups.com, "Sandra Goodwin" <bridger82923@>
> wrote:
> >
> > This is one of the issues that keeps states like WY Republican.
> > These old ranch families don't want to have to sell parts of the
> home
> > ranch to pay estate taxes. They want to pass it on intact.
> >
> > Sandra
> >
> > In Dems2008@yahoogroups.com, "citation502" <citation502@> wrote:
> > >
> > >
> > > Carol, there is a lot of demgaguery about the federal estate
tax,
> > and
> > > its repeal is sold to folks with less than the full truth of
the
> > matter.
> > >
> > > * The estate tax is just another revenue source for the
govt;
> > and so
> > > the question is not whether the revenue should be collected
from
> > us, but
> > > from whom and via which vehicle should it be collected. In my
> view
> > > (and these are policy questions on which we can all differ) I
> would
> > > rather take a dollar of tax from a dead guy's estate (before
the
> > balance
> > > passes as a pure windfall to a child or others) than I would
take
> > that
> > > dollar from a working person trying to raise and educate his or
> her
> > > children. So the estate tax (which hits a very small
percentage
> of
> > > folks in this country) is a better more preferred source (in my
> > view)
> > > than the same dollar coming via the income tax
> > > * second, the step-up in asset basis is always ignored in
> these
> > > discussions: if I buy a house for 100K and it's worth $2
> million
> > when
> > > I die, my devisee takes the date of death fair market value as
a
> > stepped
> > > up basis. Seems only fair that since ASSETS (not cash) are the
> > bulk of
> > > the estate of a person subject to estate tax, a fair tradeoff
for
> > the
> > > windfall from the basis step-up is to tax that asset at death.
> The
> > > earner is DEAD; the legatee or devisee is a windfall
beneficiary.
> > >
> > >
> > > --- In Dems2008@yahoogroups.com, Carol Roberts <carolroberts1@>
> > > wrote:
> > > >
> > > > Wow, I mostly agree with your positions on things, except for
> the
> > > estate
> > > > tax. It taxes after-tax money. I know the threshold has been
> set
> > very
> > > > high, but I remember the days when I represented widows who
had
> to
> > > sell
> > > > their houses in order to pay the estate tax. I don't care
that
> the
> > > > people who now pay estate tax have several houses, its not
> right.
> > > >
> > > > Carol
> > > >
> > > > citation502 wrote:
> > > > >
> > > > >
> > > > * I support huge tax cuts for those earnings less than 100K,
> and a
> > > > > repeal of the suspension of the estate tax
> > > >
> > >
> >
>

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