I believe in a fair shake for earned income. Earned is a key word. Parents ought to be able to leave their kids a fair stake to start themselves out. Unearned riches are just that, unearned. The American Dream, in it's most pure incarnation, is about opportunity, not entitlement. Passing along piles of money to kids that never have to work is aristocracy.
Judah On Tue, Apr 19, 2011 at 8:55 PM, Maureen <[email protected]> wrote: > > No, to the child it is a gift from smart parents. It's only income > because the government wants the money. > > On Tue, Apr 19, 2011 at 6:22 PM, Eric Roberts > <[email protected]> wrote: >> >> Because to the Child it is income. >> >> -----Original Message----- >> From: Maureen [mailto:[email protected]] >> Sent: Tuesday, April 19, 2011 08:35 PM >> To: cf-community >> Subject: Re: [politics] Cost of tax cuts for the rich exceeds gains by >> budget cuts >> >> >> I'm not a fan of increases in capital gains or inheritance taxes. >> Remember than increases in capital gains affect everyone who owns stock, not >> just the super wealthy. Inheritance tax seems like double taxation to me. >> Since the parent paid taxes when they earned the money, why should the child >> have to pay tax on it again? >> >> On Tue, Apr 19, 2011 at 6:02 PM, Eric Roberts >> <[email protected]> wrote: >>> >> >>> Big ones: estate and inheritance taxes need to be reinstated. There >>> is a group of people from that top 1% that is also advocating this. >>> One of them is Bill Gate's dad. Another would be to tax capital gains >>> by hedge fund owners instead of letting them sit on it tax free until >>> they withdraw >> >> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336499 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
