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<blockquote data-quote="boondocks" data-source="post: 1475499" data-attributes="member: 20599"><p>I'm fonder of facts than rhetoric. <a href="http://www.politifact.com/wisconsin/statements/2017/oct/27/mark-pocan/death-tax-republicans-want-repeal-paid-only-2-1000/" target="_blank">http://www.politifact.com/wisconsin/sta ... ly-2-1000/</a> Here's two:</p><p>"[E]ach year, there are roughly <strong>5,000</strong> estates that pay the federal estate tax out of roughly <strong>2.6 million</strong> deaths each year." "[The Pres.] claimed ending the tax would "protect millions of small businesses and the American farmer." But PolitiFact National's rating was Pants on Fire: <strong>Only 5,460 estates even pay the tax each year, with only 80 being small businesses or farms."</strong></p><p>So: to "protect" those 80 small businesses and farms, the rest of us must now pay for the millionaires (in the other 5,380 other cases) to transfer their millions tax-free to their trust-fund offspring. (Hey, those ski lift tickets in St. Moritz aren't cheap!). Thus, to recap, the rest of us hard-working folk have to make up the millions that will be lost under the new law, which all-but repeals estate taxes. (Currently only .2% of estates are subject to it. With the raising of the exemption from about $11,000,000 to about $22,000,000 for married couples, almost no one will be paying it). I think if this country has treated you so well that you're a millionaire many many times over, you shouldn't try to stick it to your country by not paying your fair share.</p></blockquote><p></p>
[QUOTE="boondocks, post: 1475499, member: 20599"] I'm fonder of facts than rhetoric. [url=http://www.politifact.com/wisconsin/statements/2017/oct/27/mark-pocan/death-tax-republicans-want-repeal-paid-only-2-1000/]http://www.politifact.com/wisconsin/sta ... ly-2-1000/[/url] Here's two: "[E]ach year, there are roughly [b]5,000[/b] estates that pay the federal estate tax out of roughly [b]2.6 million[/b] deaths each year." "[The Pres.] claimed ending the tax would "protect millions of small businesses and the American farmer." But PolitiFact National’s rating was Pants on Fire: [b]Only 5,460 estates even pay the tax each year, with only 80 being small businesses or farms."[/b] So: to "protect" those 80 small businesses and farms, the rest of us must now pay for the millionaires (in the other 5,380 other cases) to transfer their millions tax-free to their trust-fund offspring. (Hey, those ski lift tickets in St. Moritz aren't cheap!). Thus, to recap, the rest of us hard-working folk have to make up the millions that will be lost under the new law, which all-but repeals estate taxes. (Currently only .2% of estates are subject to it. With the raising of the exemption from about $11,000,000 to about $22,000,000 for married couples, almost no one will be paying it). I think if this country has treated you so well that you're a millionaire many many times over, you shouldn't try to stick it to your country by not paying your fair share. [/QUOTE]
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