24
Jun 11
Financial Burden of the Death Tax: Interview with Small Business Owner
Hancock Lumber President and CEO Kevin Hancock discusses the financial burden of the estate tax, also called the death tax, as well as how it will affect his business after the principal owner dies.
The threshold for the estate tax has gone down every year since 2001 and was eliminated in 2010–it goes back to $1 million in 2011. “The estate tax rate keeps moving.” Yeah, down. This idiot can’t prepare for his own death? He can’t afford life insurance? This estate tax propaganda is pure bullshit funded by the wealthiest families in this country who want all the benefits of citizenship (like public highways and natural resources to exploit) but none of the responsibility.
what is is going to take for we the people to realize that our government and our shadow government are criminals and want your money and will create any law they can to rob us. They will force civil war and dissent and then turn our military on US citizens who are tired of being screwed. THESE PEOPLE ARE CRIMINALS AND WE ARE BEING SACRIFICED WHILE THEY HAVE HUGE PARTIES bailouts AND CONVENTIONS ON OUR DIME AND USE OUR HARD EARNED MONEY TO IMPRISON US. WAKE THE F-K UP please!!
@danwk7 i am a democrat and i totally agree with you on the estate tax, its not right to take money that was earned and taxed when a person dies and passes it to their kids, i think thats why im changing my affilitation to independent, lol, also global warming is a joke and we are being takin for a ride on that issue.
damn if u wanna be rich too work harder, noone should pay taxes on money their parents earned and paid taxes on their whole life, we cant forget who creates the jobs, the rich. The welfare recipients just create jobs for the social workers, wake up america!
every body quit your jobs
Good enough question, my answer: I think the estate tax is set too high in the current framework. In fact, rich trust fund baby in the video seems to make good arguments the estate tax is too high.
Here’s the deal, Heritage Foundation is whoring for the rich arguing to ELIMINATE the estate tax with the DEATH TAX label.
I’ve studied taxes on the richest in other countries, highest tax rate should be around 45%, the rich are raping this country to get richer.
A simple question for RobertMike, why should the Government get nearly 50% of a person’s lifetime earnings upon their death?
@JackHill45: Ahh, you’re so stupid even the Heritage Foundation will tell you you’re a retard with that statement.
Ha! Take a look at the rates. Even $10,000 is taxed at 18%.
an estate tax shouldnt even exist.
Glad to see you’re in favor of the estate tax. Only rich trust fund fuckers like the douchebag in the video are subject to an estate tax.
glad to see there’s something we agree on
@robertmike57 You sound SO intelligent.
You’re a 18 year old retard kicked in the head too many times
@terpis I know you liberals love to demonize the rich in the name of social justice, but they worked hard for their money. EVEN if their money was inherited, its still their right to keep ALL of it. This is america asshole, and we are guaranteed a right to property. Money is property and its not the governments job to take it.
@terpis Your zero tolerance of intolerance is foolish. Im sorry for being PRACTICAL but when im getting on a flight and I see two fighting-age muslim men, im going to be more suspicious of them than of anyone else, and so should the security at the airport. Its just common sense. You dont see any other people trying to blow us up in the name of religion, and its your ignorant blindness to the FACTS that makes us all less safe.
@robertmike57 You’re a fucking idiot, probably a poor one.
6th generation rich guy is a greedy piece of shit. Just a rich guy whining, pathetic.
Perhaps you should know that the Bible mandates that every person, rich or poor, give exactly 1/10th of their earnings (Deuteronomy 14:22).
When Jesus was at the temple (Mark 12) he commends the widows faithfulness in putting her 2 pennies into the offering. He never, ever suggests that she does not have to do her part.
It’s right that each person rich or poor give the same percentage of their income; no more; no less. it’s wrong to let anyone dodge their responsibility by envy based taxation.
Apparently you need to look up the definition of gluttons. It has nothing to do with how much money you have. It has to do with gorging yourself with food or wine while your fields are becoming overgrown with weeds.
Job was one of the richest men in the east but God said that Job was blameless.
Abraham too was extremely wealthy but God counted him as a righteous man.
I’ll leave it to you to explain to God why Job and Abraham were really evil and deserved to be robbed of their wealth.
Tepis; it’s amazing how much you sound like Obama’s good body, Bill Ayers. He’s kind of like Obama’s own personal Achmed the Dead Terrorist, only, not as dead as Achmed (or Bill’s old flame, Diana Oughton).
Bill calls it “Social Justice”, and says it’s good to pretend that your Robin Hood so you can steal from the rich. Bill even wrote some books to contribute to the quality of publick edjewkation showing teachers how to make little children envious of those who have more than they do.
By the way, you are wrong on your “80 families” statistic. Not that I necessarily trust their numbers but the “Brookings & the Urban Institute” web site you mentioned said that there were 14,000 grieving families robbed in 2007 for a total of $21.2 Billion. You must be proud to have inflicted so much financial loss on grieving families.
And you are wrong on the “glancingly hit” marginal estate tax. The estate tax is a whopping 45% (hardly glancing).
Not a reader of his blog– Hilton’s politics are liberal?
& turning back to a matter of equal gravity: if Anti-Stealing = no-brainer activism, then so too is support for slavery reparations, if only the inflation-adjusted equiv of 40 acres & a mule.
I mean, if yr heart bleeds for 80 millionaire families glancingly hit by a marginal estate tax, how much worse the centuries-long STOLEN wages/family wealth of millions of African Americans?
If morality and consistency means anything.
I guess I’ll never get used to the idea that NOT stealing is radical.
Liberals have cornered the market on bigotry and hypocrisy.
Consider the loaded political question that the liberal, low life scum, Perez Hilton; posed to Carrie Prejean in the Miss USA pagent. She gives an answer coated with 3 layers of sugar but that puss sucking liberal gives her a zero (costing her a chance at the crown), followed by him calling her a “dumb bitch” in his petty little video blog.
Liberals are so tolerant
Hey pal, just giving a radical anti-THEFT activist the benefit of the doubt.
Might want to ease up on the “bigot” thing–the only ‘bigotry’ that conservatives don’t monopolize (w/ gusto) is the single bigotry I’m pleased to endorse, the key exception that proves the anti-racist, anti-nativist, anti-homophobe anti-violence lefty MO: zero tolerance for lovers of intolerance.
So what’re your views on Muslims? Gays? Kwanzaa? Children on public assistance? Pure tolerance, I’ll just bet.