Trust Fund millionaires enjoy all the benefits of society - roads, schools, police,...

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future

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...military, healthcare...? ...WHY is it they should pay less taxes than a CLEANING LADY!
In fact NO TAXES AT ALL?
And No their Daddy DIDN'T pay fair taxes on this money - he used the trust funds AS A TAX DODGE!!!!
Does anybody else think this is crazy?
Pennybags - you must have never filed taxes.
Putting money in the trust fund means the father DOESN'T PAY TAXES on that money - it's supposed to get paid when the kids take that money out. That's why they set up the trust fund!
THAT'S NOT HAPPENING! It was up to 3 MILLIONS DOLLARS they didn't have to pay on - BUSH MADE IT UNLIMITED IN 2008!!!!
And I guarantee your "45%" claim is a made up, BS Fox TV lie as always.
Nobody pays that high taxes in the US, nor will they
 
no,it is what liberal rich people do all of the time.look at oprah,bono etc.they all dodge taxes.while claiming to care about you.lol give me a break.the sooner you figure out ,even if tomarrow socialism started.the rich would always be the rich.or what part of that don't you get.
 
Rich people in America pay far more taxes, give more to charities, employ more people than any other economic sector in America. Don't hate, work hard and you too might make a million one day. Or you can sulk and mope and watch others having all the fun.
 
Because according to right-wingers they buy everything and create the demand for product that creates the demand for labor, when in reality the working class is the largest population of consumers, that creates demand.


Rounder, maybe you should actually get familiar with it before tyring to tell someone they don't know it.

<<<If you had a $1.5 million estate - $1.5 million will be taxed at a rate of 45% starting next year - would you want to leave it to your kids or give it to the gov't?>>
1.5 million/ 2 kids = 750K

<<<Please study the facts before you make such false statements. The truth is that the top 5% of earners pay two-thirds of tax collected>>
That is about 65% of the taxes and they own 85% of the wealth, while the people who own 15% of the wealth pay 35% of the taxes. Does it take a rocket scientists to figure out the problem here?

I'm not sure what investors pay as much as a laborer on money reinvested, but someone has some messed up info.
 
Perhaps you would like to step up when they LOSE money. The cleaning lady goes home after 8 hours, and does not pay any where near the taxes of the investor.

That is a liberal talking point on CBS or NBC but is not accepted fact.

If people are allowed to claim expenses, deductions, etc, that is the fault of the IRS, but a cleaning lady pays 15% and a investor over 350,000 pays 35%.

Thats a big difference no matter how you spin it.
 
If you had a $1.5 million estate - $1.5 million will be taxed at a rate of 45% starting next year - would you want to leave it to your kids or give it to the gov't?
 
Please study the facts before you make such false statements. The truth is that the top 5% of earners pay two-thirds of tax collected. The bottom half of the income scale pays less than 5% of collected income tax.
The tax on trust funds is ADDITIONAL to the highest tax that was already paid on the money before it went into the trust funds.
Please stop ranting about things you do not know much about.
 
Liar. No, not just a liar, but a damn liar.

Daddy would have paid high income taxes on that money as it was being earned, being as we have a progressive income tax.

Putting it in a trust fund does not mean it escapes taxes as it's earned. It's a means to avoid taxation upon death for money that has already been taxed.

And why does a cleaning lady pay a higher net tax rate than someone like Warren Buffet? BECAUSE YOU LIBERALS INSTITUTED REGRESSIVE PAYROLL TAXES THAT TAX EVERYONE AT THE LOWEST LEVELS. You folks call these Social Security and Medicare "contributions."

And unless these trust fund millionaires keep all the money in a vault somewhere, that money gets spent and sales taxes are paid, or it's invested and earns money and capital gains taxes are paid.
 
Their parents etc., already paid the taxes. Why should the government get taxes twice?

When I die I'm going to leave some money for my kids. I earned it and I want to feel safe about my kids future. Why should I not be able to?
 
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