[rollei_list] Re: OT Estate Tex (was Re: Copyright Law)
- From: Eric Goldstein <egoldste@xxxxxxxxx>
- To: rollei_list@xxxxxxxxxxxxx
- Date: Thu, 3 Dec 2009 09:31:37 -0500
Hi Austin, the idea that the Estate Tax makes it impossible for
families to continue in family businesses is for the most part a
myth... a fabrication concocted by the same political hacks who
labeled this a "Death Tax" for the sensational impact and PR value it
would have.
Second, as a person who deals with science, you should understand that
anyone who has assets worth several million dollars is in the top
percentiles of wealth in this country...
Finally, with a bit of estate planning, all of this can be dealt with
above legally and above board.
Now, I am not arguing that our tax system is perfect or that it is not
in need of reform... but I am trying to get factual information out
there...
Eric Goldstein
--
On Thu, Dec 3, 2009 at 9:20 AM, Austin Franklin
<austin.franklin@xxxxxxxxxxx> wrote:
> Hi Eric,
>
> So, you would also group farmers and small family business owners in with
> the "very wealthiest" "top 3-4%" I guess. The current structure basically
> makes it impossible for families to continue in family businesses.
>
> Also, the current laws discourage saving. I should spend all my money so
> that my kids don't get hit with a %50 tax when I die. That's nonsense.
>
> It doesn't matter who the law effects if it's wrong. And this is just plain
> wrong. If we thought that way, why are there rules in place for minorities?
> For disabled people? For anyone except the majority?
>
> Income tax is one thing. Estate tax is another. AGAIN, the tax has already
> been paid on this money when it was earned. Why should it be taxed yet
> again?
>
> Regards,
>
> Austin
>
>> -----Original Message-----
>> From: rollei_list-bounce@xxxxxxxxxxxxx
>> [mailto:rollei_list-bounce@xxxxxxxxxxxxx]On Behalf Of Eric Goldstein
>> Sent: Wednesday, December 02, 2009 8:12 PM
>> To: rollei_list@xxxxxxxxxxxxx
>> Subject: [rollei_list] OT Estate Tex (was Re: Copyright Law)
>>
>>
>> Hi Austin -
>>
>> Then for the benefit of the rest of our readers who are likely not so
>> conversant in US Estate Law, let's get accurate information out there.
>> The tax to which you refer only effects the very wealthiest of all
>> Americans, the top 3-4% I would guess. The US tax structure is
>> basically a progressive one, and those who are able to pay more are
>> generally called upon to do so with their income tax, property tax,
>> and estate tax. At least that the law intends.
>>
>>
>> Eric Goldstein
>>
>> --
>>
>> On Wed, Dec 2, 2009 at 7:42 PM, Austin Franklin
>> <austin.franklin@xxxxxxxxxxx> wrote:
>> > Hi Eric,
>> >
>> > I know all too well what it pertains to, as my parents are both
>> dead, and we
>> > got hit significantly by it. No matter who it effects, it's
>> wrong. Very
>> > wrong.
>> >
>> > Regards,
>> >
>> > Austin
>> >
>> >> -----Original Message-----
>> >> From: rollei_list-bounce@xxxxxxxxxxxxx
>> >> [mailto:rollei_list-bounce@xxxxxxxxxxxxx]On Behalf Of Eric Goldstein
>> >> Sent: Wednesday, December 02, 2009 5:59 PM
>> >> To: rollei_list@xxxxxxxxxxxxx
>> >> Subject: [rollei_list] Re: Copyright Law
>> >>
>> >>
>> >> Austin -
>> >>
>> >> Inheritance tax in the US only pertains to the small number of top
>> >> percentages of estates and not the vast majority. As such it conforms
>> >> with the progressive tax structure...
>> >>
>> >>
>> >> Eric Goldstein
>> >>
>> >> --
>> >>
>> >> On Wed, Dec 2, 2009 at 5:43 PM, Austin Franklin
>> >> <austin.franklin@xxxxxxxxxxx> wrote:
>> >> > Hi Frank,
>> >> >
>> >> > So, you should not be able to hand what you earned/worked for
>> >> down to your
>> >> > children? The government should get most all of it? Here in
>> >> the US, they
>> >> > already get near %75 of it (initial taxes, plus %50
>> inheritance tax). I
>> >> > disagree very very very strongly with that. I worked for
>> >> it/earned it, and
>> >> > ALREADY PAID TAXES ON IT, and I should be able to do with it
>> >> what I want, at
>> >> > least within my immediate family.
>> >> >
>> >> > Regards,
>> >> >
>> >> > Austin
>> >> >
>> >> >> -----Original Message-----
>> >> >> From: rollei_list-bounce@xxxxxxxxxxxxx
>> >> >> [mailto:rollei_list-bounce@xxxxxxxxxxxxx]On Behalf Of Frank Dernie
>> >> >> Sent: Wednesday, December 02, 2009 1:41 PM
>> >> >> To: rollei_list@xxxxxxxxxxxxx
>> >> >> Subject: [rollei_list] Re: Copyright Law
>> >> >>
>> >> >>
>> >> >> I would. The only tax I approve of is inheritance tax. 100%. Not
>> >> >> practical i know, but -earned- income should be un-taxed and
>> >> >> something you get by luck, without work, heavily taxed.
>> >> >> Simplistic.
>> >> >>
>> >> >> On 2 Dec, 2009, at 17:49, Mark Rabiner wrote:
>> >> >>
>> >> >> >> Why not have copyright end with the death of the original
>> >> >> artist/inventor, he
>> >> >> >> doesn't need the income anymore and it would avoid unseemly
>> >> >> arguments from the
>> >> >> >> family, who have done nothing to earn the income.
>> >> >> >
>> >> >> >
>> >> >> > If your going to just give up your intellectual property to the
>> >> >> state why
>> >> >> > not also give up your cameras and homes as well?
>> >> >> >
>> >> >> >
>> >> >> > Mark William Rabiner
>> >> >> >
>> >> >> >
>> >> >> >
>> >> >> > ---
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