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Chilichimp posted:iirc, you have to pass on more than 10 million dollars before you'd ever sniff (the estate) tax. 5.45 million for 2016. Which is still very, very high.
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Nov 6, 2016 19:59
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Inheritances are really pointless in these days of long lifespans. If you die at 90, your kids are probably 60 and nearly retired themselves. Back in the old days, you probably died at 50 with kids just starting out in life and a bequest could be just what they need to start up a business or build a house. But if you haven't got your poo poo together at 60, what hope is there?
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Nov 6, 2016 20:10
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BarbarianElephant posted:Inheritances are really pointless in these days of long lifespans. If you die at 90, your kids are probably 60 and nearly retired themselves. Back in the old days, you probably died at 50 with kids just starting out in life and a bequest could be just what they need to start up a business or build a house. But if you haven't got your poo poo together at 60, what hope is there? But grandparents. My modest inheritance from my grandparents (less than 1 year's salary) was enough for a downpayment on a house. Hardly pointless.
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Nov 6, 2016 20:53
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BarbarianElephant posted:Inheritances are really pointless in these days of long lifespans. If you die at 90, your kids are probably 60 and nearly retired themselves. Back in the old days, you probably died at 50 with kids just starting out in life and a bequest could be just what they need to start up a business or build a house. But if you haven't got your poo poo together at 60, what hope is there? Be able to afford retirement?
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Nov 6, 2016 21:43
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We had this financial seminar at work where the guy seemed really chill and then he started talking about how estate taxes are the most "malicious" kind of tax.
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Nov 6, 2016 22:08
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I wish I made even half the money it would take for me to be flagged for the estate tax.
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Nov 6, 2016 22:09
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Make a person's age when they die part of the progressive tax structure. If a person dies at a relatively young age, it can be passed on relatively tax free. But if you are over 80, and holding on to millions in assets rather than let the next generation have them, then you get dinged. That covers the edge cases where dad died suddenly and the kids have to sell the farm or family business to pay taxes. But still motivate older people to retire and hand off large assets for other people to manage.
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Nov 6, 2016 22:23
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Yeah, no. Those scenarios don't exist, much like the mythical Cadillac driving welfare queen. If you're rich enough to get dinged by the estate tax, even at a quarter of what it is now, you've already benefited tremendously from your parent's wealth and can gently caress off about how hard things will be with only a few million instead of 8 figures. In actual RWM news - gently caress Howard Kurtz' review of election coverage. quote:HOWARD KURTZ (HOST): Now this wild, crazy, intense, utterly absorbing campaign finally comes to an end on Tuesday -- I hear some of you cheering -- but I have to say the media have never had a worse campaign. The constant focus on sensationalism and insults -- and the candidates bear some responsibility here -- drove the race into the tabloid gutter. And then there was the misjudgments and sometimes outright hostility toward Donald Trump and the far lower level of scrutiny visited on Hillary Clinton and the repeated attempts to declare the race over and coronate the former first lady. No matter who wins, the press needs to do some self-examination here, even as we gear up to cover the new president-elect.
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Nov 6, 2016 22:33
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ZobarStyl posted:Yeah, no. Those scenarios don't exist, much like the mythical Cadillac driving welfare queen. If you're rich enough to get dinged by the estate tax, even at a quarter of what it is now, you've already benefited tremendously from your parent's wealth and can gently caress off about how hard things will be with only a few million instead of 8 figures. Yeah this is the problem with focusing on Trump's temperament. They treated Trump's tantrums as equivalent to Hillary's actual procedural and policy issues, letting people overlook Trump's bigger problem, that he is an ignorant conman who is unqualified to hold office and even if he was qualified, the plans and policies he and the GOP have would devastate the nation.
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Nov 6, 2016 23:09
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PJOmega posted:5.45 million for 2016. Which is still very, very high. I've had to explain to far, far too many people that yes the inheritance tax will not affect you at all and yes you can leave your children the house and the lot of land it's on. No, that 4 acres of forest you own is not worth enough to get dinged for inheritance tax. On top of that no farmers are not selling their farms when they die to pay the tax; that rarely happens as family farms are typically not worth enough for that to happen.
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Nov 6, 2016 23:35
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ZobarStyl posted:Yeah, no. Those scenarios don't exist, much like the mythical Cadillac driving welfare queen. If you're rich enough to get dinged by the estate tax, even at a quarter of what it is now, you've already benefited tremendously from your parent's wealth and can gently caress off about how hard things will be with only a few million instead of 8 figures. I'm genuinely curious as to how long post election the Conservatives stick to "it was unfair for people to treat Donald Trump like he was something different and extreme."
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Nov 6, 2016 23:45
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STAC Goat posted:I'm genuinely curious as to how long post election the Conservatives stick to "it was unfair for people to treat Donald Trump like he was something different and extreme." Not a chance. They will do a Bush and not even mention his name in case it summons him like Beetlejuice.
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Nov 6, 2016 23:46
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happyhippy posted:Not a chance. They will do a Bush and not even mention his name in case it summons him like Beetlejuice. Or attribute his bullshit to "more of the same from Washington" lumped in with the Obama/Clinton administrations, like they've been doing with the Bush years lately.
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Nov 7, 2016 00:00
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ZobarStyl posted:Yeah, no. Those scenarios don't exist, much like the mythical Cadillac driving welfare queen. If you're rich enough to get dinged by the estate tax, even at a quarter of what it is now, you've already benefited tremendously from your parent's wealth and can gently caress off about how hard things will be with only a few million instead of 8 figures. To paraphrase Tommy Lee Jones: "Howard Kurtz's career didn't die when he went to Fox New, he just went home."
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Nov 7, 2016 00:02
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Twelve by Pies posted:Scott Adams is increasing his blogging lately, another two posts since yesterday. The first is basically an ad he made for his new app, so I won't post it. I will however post the first paragraph of that post. quote:According to Trump's Razor: "ascertain the stupidest possible scenario that can be reconciled with the available facts" and that answer is likely correct. As a Slate columnist put it: quote:Trump, in short, has perfected the rhetoric of fake power. Some might argue he’s performing for political gain, but I believe in Trump’s razor: The dumbest explanation is generally the correct one. The candidate can’t help who he is; can’t disguise his failings of intelligence or empathy; is succeeding via fateful accident in which his unique and diabolical traits have synced up perfectly with a smoldering, racially and economically alienated GOP electorate. But that doesn’t absolve him of playing on our fears with long, slender pianist’s fingers. It doesn’t justify his bullying repetitions, manipulative cues, rhetorical gaslighting, clausal manspreading, and bogus authority markers. Trumpspeak may be effective. Yet it is far from OK.
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Nov 7, 2016 02:16
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BarbarianElephant posted:But if you haven't got your poo poo together at 60, what hope is there?
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Nov 7, 2016 02:19
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Faustian Bargain posted:This is extremely true. A friend of my dad's came into about half a million dollars a few years ago and burned through it with nothing to show for it. Did he really burn through it or did he use it for something like a buying a house?
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Nov 7, 2016 02:44
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Star Man posted:Be able to afford retirement? 5 million tax-free dollars is enough for anyone to afford a comfortable retirement. Even if you're 100% risk-averse you can invest that poo poo in 30-year treasuries @2.56% and make $128,000/yr without even touching the principal. Not even Hillary Clinton is proposing an estate tax that will doom to perpetual poverty the pampered heirs of a family fortune someone else created.
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Nov 7, 2016 03:20
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nowthatyouasked posted:But grandparents. My modest inheritance from my grandparents (less than 1 year's salary) was enough for a downpayment on a house. Hardly pointless. Your grandparents/you make 5.45 million per child per year?
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Nov 7, 2016 17:02
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Dirk the Average posted:Your grandparents/you make 5.45 million per child per year? I don't think he meant in the context of the estate tax, just a prior assertion that inheritance is pointless.
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Nov 7, 2016 17:30
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Ted Nugent making an rear end of himself again by grabbing his balls and saying "Here's your Blue State" Taking bets on him being a rapist.
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Nov 7, 2016 17:41
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CommieGIR posted:Ted Nugent making an rear end of himself again by grabbing his balls and saying "Here's your Blue State" Ted doesn't get any sex lol.
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Nov 7, 2016 17:46
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Scott Adams is all in on the election being rigged, so that's probably what he'll claim if Hillary wins tomorrow.quote:The news tells us that there have been polling irregularities in past elections, but not enough to influence a presidential election. The alleged exceptions are Kennedy Vs. Nixon, Bush Vs. Gore, and at least one Obama election. Those elections might have been decided by vote-rigging – say some people – although we can’t know for sure.
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Nov 7, 2016 17:50
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Rick_Hunter posted:Did he really burn through it or did he use it for something like a buying a house?
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Nov 7, 2016 18:20
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CommieGIR posted:Ted Nugent making an rear end of himself again by grabbing his balls and saying "Here's your Blue State" There's no need for betting, it's already public knowledge that he became the legal guardian of an underage Hawaiian teen for the purposes of having sex with her.
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Nov 7, 2016 18:21
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Twelve by Pies posted:Scott Adams is all in on the election being rigged, so that's probably what he'll claim if Hillary wins tomorrow. You know, considering how much Adams is wanking about persuasion, you'd think he would be on board with this. After all, if Clinton has managed to persuade the majority of the country to the point where they would be willing to commit serious felonies on her behalf without even any prompting, wouldn't that make her the true master persuader? 
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Nov 7, 2016 18:27
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Perestroika posted:You know, considering how much Adams is wanking about persuasion, you'd think he would be on board with this. After all, if Clinton has managed to persuade the majority of the country to the point where they would be willing to commit serious felonies on her behalf without even any prompting, wouldn't that make her the true master persuader? He's already addressed this. If Hillary does it then it's bad persuasion because she is a bad person.
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Nov 7, 2016 18:43
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I'm all in on Scott Adams dying a terribly depressed and lonely man.
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Nov 7, 2016 19:06
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CommieGIR posted:Ted Nugent making an rear end of himself again by grabbing his balls and saying "Here's your Blue State" Ted Nugent successfully predicts that Florida will go blue, maybe he should take Nate's job
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Nov 7, 2016 19:08
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Phone posted:I'm all in on Scott Adams dying a terribly depressed and lonely man. Sounds like he's halfway there!
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Nov 7, 2016 19:09
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Phone posted:I'm all in on Scott Adams dying a terribly depressed and lonely man. Hanging from a necktie in the Dilbert head tower surrounded by Dilberito wrappers.
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Nov 7, 2016 19:15
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Twelve by Pies posted:Scott Adams is all in on the election being rigged, so that's probably what he'll claim if Hillary wins tomorrow. Adams is just a hair away from completely melting down when his fellow "master persuader" old dumb white man loses to some inferior woman tommorow.
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Nov 7, 2016 19:16
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Potential BFF posted:Hanging from a necktie in the Dilbert head tower surrounded by Dilberito wrappers. Please, it's a lanyard now. Geostomp posted:Adams is just a hair away from completely melting down when his fellow "master persuader" old dumb white man loses to some inferior woman tommorow. I was in the "ho ho I was actually for Clinton all along puppets  " excuse camp but talking about a rigged election implies he's actually totally down the rabbit hole and won't be able to hold back if Trump loses. I hope whoever monitors his blog catches what he puts up when they call it because I wouldn't be surprised if he hastily removes it once he cools down.
Eggplant Squire fucked around with this message at 19:27 on Nov 7, 2016 |
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Nov 7, 2016 19:24
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People like that have no bottom. He'll just get more and more grotesque until enough papers dump him that the syndicate stops carrying his trash. Then he'll start saying even worse things.
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Nov 7, 2016 19:27
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The fact that his lovely outlook has started to bleed (more so) into his comic should really cause more papers to question it. I'm hoping people stop reading now that he's putting "vacation havers" into his ever growing category of idiots. I'm sure there's other stuff but gently caress reading that comic more to find out. But I guess if Mallard Filmore and Prickly City have a place in the papers for right wing trash denigrating the readers he'll be fine. Eggplant Squire fucked around with this message at 19:31 on Nov 7, 2016 |
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Nov 7, 2016 19:28
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Radish posted:I'm hoping people stop reading now that he's putting "vacation havers" into his ever growing category of idiots. The most infuriating thing Adams has ever said is "I managed my career well, therefore I don't need to take a vacation." What a loving idiot.
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Nov 7, 2016 19:42
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Reminder Ted Nugent shat his pants to dodge the draft.
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Nov 7, 2016 20:16
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 http://talkingpointsmemo.com/livewire/glenn-beck-obama-made-me-better-man quote:It seems Glenn Beck likes to catch everyone off guard every once in a while with a compassionate revelation or opposition to the conservative mainstream. 
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Nov 7, 2016 20:30
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OK, who replaced him with a liberally-raised clone?
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Nov 7, 2016 20:38
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MrUnderbridge posted:OK, who replaced him with a liberally-raised clone? It's possible that being outside of the conservative echo chamber long enough has allowed him to not be such a loving loon.
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Nov 7, 2016 20:44
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