Friday, December 17, 2010

Most Onerous Tax, the Death Tax

Another counter attack to the South Florida Marxist Media, aka FRINGE MSM, aka Obama/Rev. Wright Drones. These Democrats want that Death Tax. Take, steal and lie. That is Barry's group ACORN and the Democrats only action.

Dear Clarence Page:

According to President Obama, all the economists he read or heard from , in the past few weeks, said that extending the recent tax rates would create jobs - if that's the case, why not extend those rates permanently? If it's good now, why would it not be good two years from now? The "evil" Republicans have been saying that for years, but have been demagogued for supposedly placating their "rich" friends.

The most onerous tax a government could assess is the Death Tax (a/k/a Estate Tax). The property that a deceased person leaves to his heirs has already been taxed, so is it fair to tax it again? That's double taxation! Is it fair to tax it again just because a person dies?

Many heirs (mostly family members) will have to pay taxes on the value of the property that was bequeathed. In many cases, the real property or business is valued at an amount so high that the recipient will be unable to come up with the cash to pay the tax. Real estate and businesses are not a liquid asset so the donee might have to sell off the asset, whether they want to or not, just to pay the "Death Tax".
Since most liberals use the term "fair" as their holy grail, is that fair to the heir or the family? Just because this tax won't affect a large amount of people, doesn't make it right to discriminate against anyone, regardless of their wealth or status in life.

As former Chief Justice John Marshall once opined, "The power to tax is the power to destroy". And so it is with the Democrats and, unfortunately, our government.

Chuck On The Right Side

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