Hillary won more votes for President

eddiec · September 2016

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."

Like most things on Facebook...it's horseshit.
http://abcnews.go.com/Politics/closer-donald-trumps-claim-hillary-clintons-estate-tax/story?id=42432695

PJPOWER · September 2016

eddiec said:

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."
Like most things on Facebook...it's horseshit.
http://abcnews.go.com/Politics/closer-donald-trumps-claim-hillary-clintons-estate-tax/story?id=42432695

Good to know, you guys are a wealth of knowledge, lol

Gern Blansten · September 2016

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."

BULLSHIT!!!

Family farms are exempt up to like $7million.

In your example your wife would owe the government NOTHING. She wouldn't have to sell....if she did sell she would owe NOTHING...because at date of death the land gets valued at fair market assuming you are the owner when you die.

How do you believe that crap?

PJPOWER · September 2016

Gern Blansten said:

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."
BULLSHIT!!!

Family farms are exempt up to like $7million.

In your example your wife would owe the government NOTHING. She wouldn't have to sell....if she did sell she would owe NOTHING...because at date of death the land gets valued at fair market assuming you are the owner when you die.

How do you believe that crap?

I never said I believed it, just said fucked up if true, then the less condescending poster above you showed me that it is in fact not true...
Chill pill dude! For fuck sake!

Gern Blansten · September 2016

sorry....too much coffee

rssesq · September 2016

Indeed. Has anyone seen any fifty dollar bills dated past 2013?

BS44325 said:
Don't worry everybody Hillary will take car of Deutsche

http://www.cnbc.com/2016/09/29/pressure-seen-building-for-germany-to-rescue-deutsche-bank.html

http://www.bloomberg.com/politics/articles/2016-09-29/republicans-slam-clinton-for-deutsche-speeches-as-firm-slumps

The storm is coming.

rssesq · September 2016

Hillary is getting her money's worth outa you dude. lol

PJPOWER said:

Gern Blansten said:

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."
BULLSHIT!!!

Family farms are exempt up to like $7million.

In your example your wife would owe the government NOTHING. She wouldn't have to sell....if she did sell she would owe NOTHING...because at date of death the land gets valued at fair market assuming you are the owner when you die.

How do you believe that crap?

I never said I believed it, just said fucked up if true, then the less condescending poster above you showed me that it is in fact not true...
Chill pill dude! For fuck sake!

mrussel1 · September 2016

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."

It's exactly false. Under her proposal, the 65% tax is for family farms valued between 500 million and a billion. If your friend has a billion dollar family farm, then he's fucked. I feel horrible for him. Here's what's relevant for him "Family farms worth less than $3.5 million or $7 million from a couple would be exempt from Clinton’s estate tax."

You might be shocked to learn that either your friend is gullible or is lying to you because Trump is lying to him. http://abcnews.go.com/Politics/closer-donald-trumps-claim-hillary-clintons-estate-tax/story?id=42432695

Godfather. · September 2016

sooooo if you work real hard and create a land empire(paying taxes along the way) and it moves from generation to generation(taxes being paid along the way) then generation X decides to sell for $500+ million and the government gets 65%......our government needs to be reclaimed by the people in a big way don't ya think ?

Godfather.

unsung · September 2016

Government shouldn't get anything, no matter how much the value. It's theft, nothing more.

mrussel1 · September 2016

Godfather. said:
sooooo if you work real hard and create a land empire(paying taxes along the way) and it moves from generation to generation(taxes being paid along the way) then generation X decides to sell for $500+ million and the government gets 65%......our government needs to be reclaimed by the people in a big way don't ya think ?

Godfather.

No. It's called the progressive tax system and it's been in place for over 100 years. But if Trump wants to scream about the unfairness of the high tax rate of people with 500 million + in assets, he should run some serious ads about it. Should be a winning strategy.
BTW - the Brookings Institute could not find one single family farm that would fall into that category.

Gern Blansten · September 2016

Godfather. said:
sooooo if you work real hard and create a land empire(paying taxes along the way) and it moves from generation to generation(taxes being paid along the way) then generation X decides to sell for $500+ million and the government gets 65%......our government needs to be reclaimed by the people in a big way don't ya think ?

Godfather.

This would effect like 10 people in the USA. Come on man.

The estate tax is meant to keep obscene wealth in control.

PJPOWER · September 2016

rssesq said:
Hillary is getting her money's worth outa you dude. lol
PJPOWER said:

Gern Blansten said:

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."
BULLSHIT!!!

Family farms are exempt up to like $7million.

In your example your wife would owe the government NOTHING. She wouldn't have to sell....if she did sell she would owe NOTHING...because at date of death the land gets valued at fair market assuming you are the owner when you die.

How do you believe that crap?

I never said I believed it, just said fucked up if true, then the less condescending poster above you showed me that it is in fact not true...
Chill pill dude! For fuck sake!

mrussel1 said:

PJPOWER said:
Here is something one of my friends posted on Facebook this morning. I haven't done the math myself, but this is fucked up if true!
"Hillary has proposed a 65% estate tax. Here is what that would do for the -----family. When I'm gone If the ranch was valued at $1,000.000 My wife would owe the government $650,000. She would have to sell a ranch that has been in my family since 1902. She would then owe income tax on the $1,000,000. At the current tax rate she would owe the IRS $396,000. She would have no home, no car, and no income and still owe the IRS $46,000."
It's exactly false. Under her proposal, the 65% tax is for family farms valued between 500 million and a billion. If your friend has a billion dollar family farm, then he's fucked. I feel horrible for him. Here's what's relevant for him "Family farms worth less than $3.5 million or $7 million from a couple would be exempt from Clinton’s estate tax."

You might be shocked to learn that either your friend is gullible or is lying to you because Trump is lying to him. http://abcnews.go.com/Politics/closer-donald-trumps-claim-hillary-clintons-estate-tax/story?id=42432695

Correct, I hadn't even heard of it until I saw the comment this morning. I wouldn't say I was shocked, just annoyed with all the mis-information being spewed by...well...all politicians. I'm pretty sure people would be able to find loopholes with that particular issue to sidestep that estate tax regardless of the farm value though. These are the hot topics in my neck of the woods, lol

Gern Blansten · September 2016

The misinformation caused by social media is fucking dangerous as hell.

PJPOWER · September 2016

Godfather. said:
sooooo if you work real hard and create a land empire(paying taxes along the way) and it moves from generation to generation(taxes being paid along the way) then generation X decides to sell for $500+ million and the government gets 65%......our government needs to be reclaimed by the people in a big way don't ya think ?

Godfather.

Yeah, I would say that's equally fucked up. 65% estate tax would destroy the operations of an estate worth $500 mil. and would potentially put a lot of people tied to it out of business. It would essentially make that estate value at 65% less and give some larger corporation (such as Trump's, for instance) a bargain once the family business could no longer function. But, again, I'm sure there are plenty of loopholes and some estate lawyers would make a fortune.
Imagine having a 65% tax blankety thrown at your retirement...that would hurt. I know it would effect a very small percentage of farm estates, but ouch for them!

Go Beavers · September 2016

unsung said:
Government shouldn't get anything, no matter how much the value. It's theft, nothing more.

When are taxes ever considered not theft by you?

mrussel1 · September 2016

PJPOWER said:

Godfather. said:
sooooo if you work real hard and create a land empire(paying taxes along the way) and it moves from generation to generation(taxes being paid along the way) then generation X decides to sell for $500+ million and the government gets 65%......our government needs to be reclaimed by the people in a big way don't ya think ?

Godfather.
Yeah, I would say that's equally fucked up. 65% estate tax would destroy the operations of an estate worth $500 mil. and would potentially put a lot of people tied to it out of business.

But that's a corporation, not a family farm. I guarantee anything with employees and worth over a half million is going to be incorporated. And that means shares, even if private, which would not be subject to this tax. As I pointed out, the Brookings Institute (this is a centrist think tank) could not find one farm that would qualify for the tax.

PJPOWER · September 2016

mrussel1 said:

PJPOWER said:

Godfather. said:
sooooo if you work real hard and create a land empire(paying taxes along the way) and it moves from generation to generation(taxes being paid along the way) then generation X decides to sell for $500+ million and the government gets 65%......our government needs to be reclaimed by the people in a big way don't ya think ?

Godfather.
Yeah, I would say that's equally fucked up. 65% estate tax would destroy the operations of an estate worth $500 mil. and would potentially put a lot of people tied to it out of business.
But that's a corporation, not a family farm. I guarantee anything with employees and worth over a half million is going to be incorporated. And that means shares, even if private, which would not be subject to this tax. As I pointed out, the Brookings Institute (this is a centrist think tank) could not find one farm that would qualify for the tax.

Then why is it even being proposed if there would be no one effected? Smoke and mirrors for her constituents? Why direct it specifically at farms, why not hold all other corporations/estates, including hers and all the celebrities that make that in 2 months, to the same standard?

Boxes&Books · September 2016

mrussel1 said:

tonifig8 said:
Former Miss Universe of the Trump scandal, had a love child with El Indio of BLO (Mexican Drug Trafficer)

http://www.borderlandbeat.com/2016/09/former-miss-universe-in-trump.html?m=1
Eddiec is right... you're better than this. One thing has nothing to do with the other.

At this point it's really a non issue for me. I'm not supporting his words or using this post as a way of excusing him. Obviously I think most of Ttumps words are horrible, but it's also a part of his message- the non-PC message. The whole sistuation is a bit out of control and people are being overly sensitive, in my opinion, because she was probably on a contract, trump on the other hand doesn't know how to handle the situation and only makes matters worse for himself (if that's even possible at this point).

To be clear the only reason I posted it is because it's interesting that Clinton would use that particular women considering that part of her history. To many Hispanics, such as myself, the world of narcos has completely ruined what was once an amazing country. We take that far more serious then comments about someone's weight. I don't know if the trump camp is even aware of this yet (her history with narcos), but I imagine he can turn the convo around real quick if he exposes her for that. Trust me, anyone involved with ruining a great country like Mexico will quickly be challenged on those fronts. She may not be a drug Trafficker, but the fact that she was involved with one, especially one like this moron, will be questioned for their involvement in the drug world over being questioned on whether they were forced to exercise due to a beauty pageant contract.

Hope that kind of makes some sense. I am in no way making excuses for trump. This is more about Clinton's gamble in using this women with such a history. There are also other parts of her history which will look bad and make people feel less sorry for her.

mrussel1 · September 2016

PJPOWER said:

mrussel1 said:

PJPOWER said:

Godfather. said:
sooooo if you work real hard and create a land empire(paying taxes along the way) and it moves from generation to generation(taxes being paid along the way) then generation X decides to sell for $500+ million and the government gets 65%......our government needs to be reclaimed by the people in a big way don't ya think ?

Godfather.
Yeah, I would say that's equally fucked up. 65% estate tax would destroy the operations of an estate worth $500 mil. and would potentially put a lot of people tied to it out of business.
But that's a corporation, not a family farm. I guarantee anything with employees and worth over a half million is going to be incorporated. And that means shares, even if private, which would not be subject to this tax. As I pointed out, the Brookings Institute (this is a centrist think tank) could not find one farm that would qualify for the tax.
Then why is it even being proposed if there would be no one effected? Smoke and mirrors for her constituents? Why direct it specifically at farms, why not hold all other corporations/estates, including hers and all the celebrities that make that in 2 months, to the same standard?

It is not a tax plan aimed at farms. It's a tax plan for the super wealthy. Trump took a tax plan and applied to farms because he was in Iowa or wherever he was. It's a tax plan aimed at the super wealthy. And again, your friend completely misinterpreted it at even another level. The 65% tax rate applies to the portion that EXCEEDS $1 billion, not the entire amount. Anything under a billion is taxed at the existing rate. It's just like any other marginal rate. Here's a summary from US News which is not exactly liberal.

http://www.usnews.com/opinion/articles/2016-09-28/hillary-clintons-estate-tax-proposal-is-entirely-reasonable

Hillary won more votes for President

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