Comments on: IRS Loses Lawyers http://donklephant.com/2006/07/23/irs-loses-lawyers/ Big Teeth. Huge Ass. Surprisingly Reasonable. Sun, 22 Nov 2009 05:46:37 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: DosPeros http://donklephant.com/2006/07/23/irs-loses-lawyers/comment-page-1/#comment-55421 DosPeros Tue, 25 Jul 2006 22:26:27 +0000 http://donklephant.com/2006/07/23/irs-loses-lawyers/#comment-55421 http://www.irs.gov/pub/irs-utl/egtrra_law.pdf http://www.law.cornell.edu/wex/index.php/Estate_Tax See if that works. The relevant part is Title V of the Economic Growth and Tax Relief Reconciliation Act of 2001 (or 26 USC 2001) which increases the exemptions and decreases the marginal tax rate on estates. It doesn't suprise me, nor does it piss me off that billionaires are "behind" the effort -- they have the most to lose. (And of course, I'm working under the premises that what is theirs is theirs and not simply lent to them by a benevolent government). BUT that is a much different thing than to say than "only billionaires care about this and only billionaires will be effected" by a ridding ourselves of the Death Tax, which I felt was the implicit argument in that comment. In fact many families are effected and the Death Tax is worst kind of income redistribution in that it cuts away at one of the core reasons people accumulate wealth (to provide for their families) and discourages savings. http://www.irs.gov/pub/irs-utl/egtrra_law.pdf
http://www.law.cornell.edu/wex/index.php/Estate_Tax

See if that works. The relevant part is Title V of the Economic Growth and Tax Relief Reconciliation Act of 2001 (or 26 USC 2001) which increases the exemptions and decreases the marginal tax rate on estates. It doesn’t suprise me, nor does it piss me off that billionaires are “behind” the effort — they have the most to lose. (And of course, I’m working under the premises that what is theirs is theirs and not simply lent to them by a benevolent government). BUT that is a much different thing than to say than “only billionaires care about this and only billionaires will be effected” by a ridding ourselves of the Death Tax, which I felt was the implicit argument in that comment. In fact many families are effected and the Death Tax is worst kind of income redistribution in that it cuts away at one of the core reasons people accumulate wealth (to provide for their families) and discourages savings.

]]> By: Justin Gardner http://donklephant.com/2006/07/23/irs-loses-lawyers/comment-page-1/#comment-55385 Justin Gardner Tue, 25 Jul 2006 19:13:22 +0000 http://donklephant.com/2006/07/23/irs-loses-lawyers/#comment-55385 Broken link DP. Please try again. Broken link DP.

Please try again.

]]> By: DosPeros http://donklephant.com/2006/07/23/irs-loses-lawyers/comment-page-1/#comment-54840 DosPeros Mon, 24 Jul 2006 19:07:45 +0000 http://donklephant.com/2006/07/23/irs-loses-lawyers/#comment-54840 http://thomas.loc.gov/cgi-bin/query/F?c107:5:./temp/~c107xOOS7c:e106409: Here are the actual exemptions of the Death Tax passed in 2001. You hardly have to be a billionaire to want the Death Tax gone. http://thomas.loc.gov/cgi-bin/query/F?c107:5:./temp/~c107xOOS7c:e106409:

Here are the actual exemptions of the Death Tax passed in 2001. You hardly have to be a billionaire to want the Death Tax gone.

]]> By: Justin Gardner http://donklephant.com/2006/07/23/irs-loses-lawyers/comment-page-1/#comment-54817 Justin Gardner Mon, 24 Jul 2006 18:20:58 +0000 http://donklephant.com/2006/07/23/irs-loses-lawyers/#comment-54817 <blockquote>Somewhere I read 18 billionaires were financing the entire lobby movement to oust the Estate tax, and that is probably true, since most ordinary fortunes don’t hit within it once they are divided…..</blockquote> That's true. Here's the link. http://www.citizen.org/pressroom/release.cfm?ID=2182

Somewhere I read 18 billionaires were financing the entire lobby movement to oust the Estate tax, and that is probably true, since most ordinary fortunes don’t hit within it once they are divided…..

That’s true. Here’s the link.
http://www.citizen.org/pressroom/release.cfm?ID=2182

]]> By: The Claw http://donklephant.com/2006/07/23/irs-loses-lawyers/comment-page-1/#comment-54736 The Claw Mon, 24 Jul 2006 15:16:20 +0000 http://donklephant.com/2006/07/23/irs-loses-lawyers/#comment-54736 Why wouldn't the Bush administration push to achieve its agenda. Mr .Bush tries to make himself out to be a good old Texas boy, when he is really a Connecticut robber baron's progeny. Bush, Harriman, Walker, Bundy.....check who these people are what their backgrounds contain......add the Yale Skull and Bones crew, and who does he really represent....definitely not middle class, working Americans.......sadly, neither do the Democrats.... If we want to get a voice in our government again, every middle class American should go to the polls and vote out every incumbent in Congress. Yes, we would lose some good people, but Washington would get the message more clearly than any other way........an inexperieced Congress might make some mistakes, but they might be honest mistakes, instead of bought mistakes. Somewhere I read 18 billionaires were financing the entire lobby movement to oust the Estate tax, and that is probably true, since most ordinary fortunes don't hit within it once they are divided..... Why wouldn’t the Bush administration push to achieve its agenda. Mr .Bush tries to make himself out to be a good old Texas boy, when he is really a Connecticut robber baron’s progeny. Bush, Harriman, Walker, Bundy…..check who these people are what their backgrounds contain……add the Yale Skull and Bones crew, and who does he really represent….definitely not middle class, working Americans…….sadly, neither do the Democrats….
If we want to get a voice in our government again, every middle class American should go to the polls and vote out every incumbent in Congress. Yes, we would lose some good people, but Washington would get the message more clearly than any other way……..an inexperieced Congress might make some mistakes, but they might be honest mistakes, instead of bought mistakes.
Somewhere I read 18 billionaires were financing the entire lobby movement to oust the Estate tax, and that is probably true, since most ordinary fortunes don’t hit within it once they are divided…..

]]> By: DosPeros http://donklephant.com/2006/07/23/irs-loses-lawyers/comment-page-1/#comment-54703 DosPeros Mon, 24 Jul 2006 14:18:37 +0000 http://donklephant.com/2006/07/23/irs-loses-lawyers/#comment-54703 It gets much worse than you think. Not only did the IRS lawyers get shit-canned from their blood-sucking employer -- now who do you think they'll go to work for!! Legal Aid doesn't have much use for them. They'll go to work protecting the very people they were in charge of auditing/prosecuting. Its a double whammy. I'm weeping uncontrolably. It gets much worse than you think. Not only did the IRS lawyers get shit-canned from their blood-sucking employer — now who do you think they’ll go to work for!! Legal Aid doesn’t have much use for them. They’ll go to work protecting the very people they were in charge of auditing/prosecuting. Its a double whammy.

I’m weeping uncontrolably.

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