Republican Rewrite of US Taxcode

[floridays]

Me and your wife stayed at a holiday Inn last night.

She probably wouldn't release water on you... trick

 

[floridays]

That's what I told her.

You don't disrespect a lady, but obviously your dad wasted his sperm, should have painted the wall with it.

 

[badpal]

Unless it's your farm.

Correct, and really the 5 million cutoff before was too low and would hurt a lot of the middle class working folks like us. Hillary and Bernie wanted even more when you died. This was the main reason I voted for Trump

 

[bottomups]

Correct, and really the 5 million cutoff before was too low and would hurt a lot of the middle class working folks like us. Hillary and Bernie wanted even more when you died. This was the main reason I voted for Trump

How many middle class estates are worth more than 5 million?

 

[moreluck]

How many middle class estates are worth more than 5 million?

get out much???

 

[bottomups]

get out much???

Most every day.

If someone in the middle class is "smart" enough to make it to the estate tax theshold then I could assume they would be "smart" enough to tax shelter a major share of same.

 

[badpal]

How many middle class estates are worth more than 5 million?

I would think quite a few really after a lifetime of hard work and saving, heck just look at some of the old time drivers you work with and guys that retired in the last decade.

 

[moreluck]

I would think quite a few really after a lifetime of hard work and saving, heck just look at some of the old time drivers you work with and guys that retired in the last decade.

If you own a house in the high priced places....N.Y. , Cali, Hawaii,........Your home can be 1/2 or more of that $5 mil.

 

[bbsam]

Actually won't save that much. But I do believe the tax cuts will stimulate the economy. And the reduced corporate rate will bring in investment from around the world. And boost the value of the Dollar.

And you forgot to mention explode the debt.

 

[moreluck]

And you forgot to mention expose the debt.

You forgot that rising GDP will mean trillion of $$

 

[bbsam]

You forgot that rising GDP will mean trillion of $$

You can get a trillion $$ worth of growth and send the debt up 3 trillion.

 

[moreluck]

You can get a trillion $$ worth of growth and send the debt up 3 trillion.

I forgot the "s" on my trillion.

 

[newfie]

Most every day.

If someone in the middle class is "smart" enough to make it to the estate tax theshold then I could assume they would be "smart" enough to tax shelter a major share of same.

tax shelter a farm?

 

[bbsam]

I forgot the "s" on my trillion.

And that has occurred when?

 

[moreluck]

Mom & dad die, the Farm is thousands of acres of land.....a few buildings, a house and lots of expensive machinery. The kids can't afford the taxes and every asset is still financed because from time to time you need to update the equipment. So, the kids sell the farm that has been in their family for over 100 years.

How do you shelter a Massey Ferguson? or John Deere?

 

[moreluck]

And that has occurred when?

not during Obama's 8 years, but it's happening now that a businessman took over.
For every point of GDP growth it means trillions of dollars.....I forget the exact figure

 

[UpstateNYUPSer(Ret)]

Mom & dad die, the Farm is thousands of acres of land.....a few buildings, a house and lots of expensive machinery. The kids can't afford the taxes and every asset is still financed because from time to time you need to update the equipment. So, the kids sell the farm that has been in their family for over 100 years.

How do you shelter a Massey Ferguson? or John Deere?

By forming an LLC.

 

[BrownArmy]

More people died last year from falling down stairs than the number of people affected by the estate tax.

Farms? 0.05% of those.

It's a red-herring talking point.

 

[Jones]

More people died last year from falling down stairs than the number of people affected by the estate tax.

Farms? 0.05% of those.

It's a red-herring talking point.

They should have called this bill The Farmer's Relief Act.

 

[It will be fine]

Mom & dad die, the Farm is thousands of acres of land.....a few buildings, a house and lots of expensive machinery. The kids can't afford the taxes and every asset is still financed because from time to time you need to update the equipment. So, the kids sell the farm that has been in their family for over 100 years.

How do you shelter a Massey Ferguson? or John Deere?

Have it owned by a corporation.