--- In [email protected], new.morning <[EMAIL PROTECTED]> wrote: > > --- In [email protected], Bhairitu <noozguru@> wrote: > > > > And I *do* want to make it clear the progressive tax would work this > > way: once you had an estate valued at 12 million the progressive tax > > would kick in. > > At what rate(s)? At the current 35-60% (aproximate numbers) > progressively? Or are you actually suggesting a a 100% tax after 12 > million? If so ---- Wow! O to 100% taxataion at 12 million!!! Wow!! > Nothing AT ALL progressive about that. Progresive taxes have a long > hist ory, NO ONE that I can recall has ever suggesting anthing so > draconian. > > Still, your proposal is far more liberal than current laws that start > taxation at just over a million and then tax at 35 to 60 % > progressively.
In 2006, the estate tax exemption is $2,000,000 per person ($4,000,000 for a married couple) and that's going up to $3,500,000 per person in a few years. The highest rate is 46% (it starts at, I think, about 38%). > So its interesting that you want to abolish the current > 60% tax on estates over 3-4 million up to 12 million? (I forget what > bracket the final highest rate kicks in) I never took you to be such a > strong advocate for abolishing the current tax on estates 1-12 mil, > and the 60%+ tax on estates ~4-12 million. Ultra liberals never cease > to amaze me. > > Or are you under the delusion that there currently is no estate tax? > And ranting about nothing? > > >Smart people would retire probably spend more time one > > their favorite charities, travel the world etc. I would probably do > > that at even 4 million. > > I imagine those that accumulated 12 million are generally smarter than > you and will make thier own decisions without the need t o be informed > about your personal preferences. Hard to beleive, sad, but true. > > Or they would continue to work and pump all the post 12 million into > charitable trusts. knowing they could do some good things with the > money and be more effective than gov't programs. > > > Right now we have people with too much money > > making bad decisions effecting too many people. > > Um you sound a bit disgruntled? If the market rules are fair (which > they are currently not perfect) what is gained by capping incomes > other than throwing water in incentives -- the fuel of innovation. > > > They are not gods. > > Oh you now sound really disgrungled. Bad experience in the elevator > with a snotty exec? > > > Take away their excess wealth and bring them back to reason. > > Ah, I see. > ------------------------ Yahoo! Groups Sponsor --------------------~--> Check out the new improvements in Yahoo! Groups email. http://us.click.yahoo.com/6pRQfA/fOaOAA/yQLSAA/UlWolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
