Why Do Democrats Love To Tax???

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Article #4879

#4879

From: Tracey-Levin
Date: Wed, 06 Sep 2000 01:10

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Some Democrats are so in love with the concept of taxation. Why?

Is the Democrat below a recipient of welfare, or some other government hand out?
Is that why he is so eager to defend confiscatory taxation?


Tracey



Jim Riley wrote:

> On Mon, 4 Sep 2000 00:55:42 +0200, "Steve Slatin"
> <sslatin@attglobal.net> wrote:
>
> >In fact, much of the wealth in most large estates has NOT been taxed.
> >stock, which has appreciated.  The appreciated element has not been
> >taxed.
>
> But if the stock had been sold, its appreciation would have been
> taxed.  So whether or not it is also hit with an estate tax is
> arbitrary and capricious.
>
> >            If you buy land for $1000 an acre and two decades later sell it
> >for $20,000 an acre, it's profit and it's taxed.  If you hold it, no tax until
> >death.
>
> If you sell it the year before you die, it's taxed twice.  Arbitrary
> and capricious.
>
> >The other point is that your father's million is not taxed under estate
> >taxes.   There's an exemption that is escalating under current legislation that
> >puts the tax-free estate limit at over a million.
>
> An arbitrary and capricious amount.
>
> >Of course, the politicians grandstand all over this issue, and conceal the
> >facts -- which they know well.  Estate taxes only touch a percent or so of
> >all estates,
>
> An arbitary and capricious level.
>
> >and the average rate is way below the 55 percent figure even
> >for those -- they toss that around to frighten the ill-educated.
>
> The income tax rates have been nowhere 55% since the Reagan-era tax
> reforms.  What justification is there for taxing one $1 at that rate
> even if it is "income"?

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Subject: Why Do Democrats Love To Tax???
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