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Bill Gates insults Sandy

245

Comments

  • PurpleThrobberPurpleThrobber Member Posts: 46,755 Standard Supporter
    2001400ex said:

    You won't be taxed when you die. And the estate tax. The overwhelming majority of the amount that is taxed is unrealized capital gains that hasn't been taxed yet.
    So you're moving the goalpost to say "the Estate" or "your heirs" will be taxed. BULLSHIT.

    Fucking bullshit. It's a money grab instead of addressing the core issues of government overspending and waste.

  • SledogSledog Member Posts: 35,911 Standard Supporter

    So you're moving the goalpost to say "the Estate" or "your heirs" will be taxed. BULLSHIT.

    Fucking bullshit. It's a money grab instead of addressing the core issues of government overspending and waste.

    Yeah that's why family farms were crushed. The patriarch dies and the family can't pay the death taxes. Saw the same thing with an expensive piece of property where I worked. The family couldn't afford the taxes which were millions of dollars. Selling became hard as well and it languished for some time.

  • PurpleThrobberPurpleThrobber Member Posts: 46,755 Standard Supporter
    Sledog said:

    Yeah that's why family farms were crushed. The patriarch dies and the family can't pay the death taxes. Saw the same thing with an expensive piece of property where I worked. The family couldn't afford the taxes which were millions of dollars. Selling became hard as well and it languished for some time.

    Word.

    It's just a re-distribution of wealth. The rich will get richer land-grabbing real property and the poor just get enabled another generation with promises/freebies.



  • dfleadflea Member Posts: 7,276
    edited February 2019





    I'm taxed on dollars earned and reported as taxable income (once), and I accumulate that income in an investment or bank account, paying taxes on dividends and interest earned (new income earned - and taxed a first time), when I die the government then taxes those dollars AGAIN.

    If that's not double taxation, what is it?


    You or your heirs pay.

    It's a word game. The man still winds up with the money.
  • HHuskyHHusky Member Posts: 22,734
    Sledog said:

    Yeah that's why family farms were crushed. The patriarch dies and the family can't pay the death taxes. Saw the same thing with an expensive piece of property where I worked. The family couldn't afford the taxes which were millions of dollars. Selling became hard as well and it languished for some time.

    I love this legend.
  • creepycougcreepycoug Member Posts: 23,846
    edited February 2019
    dflea said:

    You or your heirs pay.

    It's a word game. The man still winds up with the money.
    Yeeup. It is another revenue source and represents a policy against family dynasties. The Coors family railed against it.

    Gates doesn't care because at his level it doesn't really matter. He heirs, and theirs and theirs are going to be fine. Assuming they all did nothing but sit around, the math wouldn't catch up to them for 1,000 years. Bill, like most of us, doesn't care about his lineage that far down the road.

    For me, it's real money to my kids and theirs. I have to work around it.
  • dfleadflea Member Posts: 7,276

    Yeeup. It is another revenue source and represents a policy against family dynasties. The Coors family railed against it.

    Gates doesn't care because at his level it doesn't really matter. He heirs, and theirs and theirs are going to be fine. Assuming they all did nothing but sit around, the math wouldn't catch up to them for 1,000 years. Bill, like most of us, doesn't care about his lineage that far down the road.

    For me, it's real money to my kids and theirs. I have to work around it.
    I'm not a big fan of billions being left to heirs. Of course, nobody is lined up to leave me a billion dollars.



  • PurpleThrobberPurpleThrobber Member Posts: 46,755 Standard Supporter
    HHusky said:

    I love this legend.
    It’s only a legend in your closed mind.
  • creepycougcreepycoug Member Posts: 23,846
    dflea said:

    I'm not a big fan of billions being left to heirs. Of course, nobody is lined up to leave me a billion dollars.



    There is an interesting argument against family dynasties. You don't want to promote creating a class of ne'er do well do nothings. But giving the next gen. a good leg up is part of the prize for a lot of people.
  • HHuskyHHusky Member Posts: 22,734

    There is an interesting argument against family dynasties. You don't want to promote creating a class of ne'er do well do nothings. But giving the next gen. a good leg up is part of the prize for a lot of people.
    The first $11+ million is excluded. That’s a bit of a leg up. Bully for all of you leaving more than that.
  • Pitchfork51Pitchfork51 Member Posts: 27,418
    edited February 2019
    Who the fuck is sandy
  • 2001400ex2001400ex Member Posts: 29,457
    Sledog said:

    Yeah that's why family farms were crushed. The patriarch dies and the family can't pay the death taxes. Saw the same thing with an expensive piece of property where I worked. The family couldn't afford the taxes which were millions of dollars. Selling became hard as well and it languished for some time.

    Then they did shitty tax planning. And if the taxes were in the millions they had multiple of tens of millions in wealth. That they never paid taxes on because it was unrealized wealth on their land.

    And you are lying off your ass.
  • HHuskyHHusky Member Posts: 22,734

    Who the fuck is sandy

    Sandy Duncan. Everyone is just sick of that hairdo.
  • 2001400ex2001400ex Member Posts: 29,457

    Yeeup. It is another revenue source and represents a policy against family dynasties. The Coors family railed against it.

    Gates doesn't care because at his level it doesn't really matter. He heirs, and theirs and theirs are going to be fine. Assuming they all did nothing but sit around, the math wouldn't catch up to them for 1,000 years. Bill, like most of us, doesn't care about his lineage that far down the road.

    For me, it's real money to my kids and theirs. I have to work around it.
    Gates is leaving his fortune to charity.

    https://www.businessinsider.com/bill-gates-children-are-proud-of-his-pledge-to-leave-his-money-to-charity-2016-10
  • HHuskyHHusky Member Posts: 22,734



    It’s only a legend in your closed mind.
    http://thefederalist.com/2017/09/28/heres-need-know-estate-tax-family-farmers/

    Best not to make policy based on legend. I will exclude the zoning restrictions against keeping dragons. Better safe than sorry.
  • HHuskyHHusky Member Posts: 22,734
    2001400ex said:

    Then they did shitty tax planning. And if the taxes were in the millions they had multiple of tens of millions in wealth. That they never paid taxes on because it was unrealized wealth on their land.

    And you are lying off your ass.
    On those exceedingly rare occasions that there isn’t sufficient cash, the obligation can be paid over time.
  • creepycougcreepycoug Member Posts: 23,846
    2001400ex said:

    Gates is leaving his fortune to charity.

    https://www.businessinsider.com/bill-gates-children-are-proud-of-his-pledge-to-leave-his-money-to-charity-2016-10
    Not all of it.
  • sarktasticsarktastic Member Posts: 9,208
    HHusky said:

    On those exceedingly rare occasions that there isn’t sufficient cash, the obligation can be paid over time.
    Says the poor person without a pending Trust distribution.
  • HHuskyHHusky Member Posts: 22,734

    Not all of it.
    True. He’s also giving his kids a “leg up”.
  • HHuskyHHusky Member Posts: 22,734

    Says the poor person without a pending Trust distribution.
    Something you’d like to share with the bored, Miss?
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