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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (321287)1/17/2007 7:16:12 AM
From: Road Walker  Read Replies (1) of 1575623
 
re: All money was presumably taxed at some point, but the state taxes taxes someone again for the same money. I might feel I get taxed too much on my salary, but I don't pay taxes on earning it twice.

If you spend the money you earned it gets taxed again. If you invest the money the returns get taxed again. Most times money changes hands it gets taxed; why should inheritance be different?

re: It might be <more productive>, its hard to say as the cut (in terms of effective rate) would be smaller. Assume it is. How can I know that I would get a tax cut if the inheritance tax was not allowed to go to zero, and if the loopholes where cut? And if I do get a cut how do I know that it will be durable? You offer an unreliable trade off.

Well I can't guarantee the sun will come up tomorrow either. We're talking theoretical policy here, somewhat off the cuff at least for me. When you propose a flat tax how can you guarantee they won't pass other taxes after? You can't... we're just talking about better ways to fund government.
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