|
Read the rules in the OP before posting, please.In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. |
United Kingdom13775 Posts
On September 27 2016 02:38 Plansix wrote:
Ok, of all the political writing out there, why do we keep coming back to Scott “I don’t understand women” Adams. Can we get the political views of the guy who writes Garfield too?
I guess it's because he says weird stuff and people care about that for some reason?
I'd be perfectly fine if he just stuck to Dilbert and did nothing else.
|
On September 27 2016 03:01 FiWiFaKi wrote:Show nested quote +On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point.
You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert.
|
On September 27 2016 01:03 {CC}StealthBlue wrote:
So when Trump fails to set his podium on fire and manages to act normal in the debates.... The media will be on the receiving end of the monster they helped create.
Complicit in the act would be the Hillary campaign. He's a fellow traveler with white supremacists and spreader of memes!
My alcohol sits ready at home for after work. No drinking games because tomorrow's a workday 
|
United States41991 Posts
On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground?
In no universe is anyone living impacted by it. It specifically targets the deceased. You could make an argument that it reduces the amount of unearned money from someone else's labour that kids receive but so would ending the child tax credit. It's a very narrow tax that embodies "over my dead body" and if you get rid of that then you'll have to make up the shortfall created with actual income taxes on people who are still working. But yeah, it's standard to simply bypass this with trusts, whole life insurance policies and other workarounds.
|
On September 27 2016 03:09 Plansix wrote:Show nested quote +On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert.
google search shows his net worth estimated at $75 million; though citations and sources aren't clear.
I think you are underestimating the value of Dilbert at any rate; it's a major comic, has been for a long time, I'd expect him to be running at least 10 million at any rate, if not a lot more. merchandising, licensing, compilation books, plus whatever he gets regularly. Those can all ad up to quite a lot.
PS I scanned the estimates a few other top comics writers; and they're up there quite a bit. Though detailed info and sources remain rather limited, so hard to say on accuracy.
|
Norway28559 Posts
Scott Adams is from quick googling supposedly worth $75 million.
To me, that doesn't give him any credibility though. I give my most sincere and heartfelt fuck yous to anyone with that kind of wealth opposed to estate taxes- his children should be fine even if they have to manage with $25mill split between them. However, his position of 'selfish opposition to the estate tax' seems especially ridiculous seeing as he seemingly has no children of his own (to be fair, this is also based on a quick google/wikipedia search and if I'm wrong, I'll easily concede this!) and divorced his wife 2 years ago.
|
On September 27 2016 03:09 Plansix wrote:Show nested quote +On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert.
Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly.
I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah.
What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes.
|
On September 27 2016 02:38 Nyxisto wrote:Show nested quote +About a year ago I told you that Donald Trump would change far more than politics. I predicted that he would change your understanding of the human condition and your role in reality.
Back then, I couldn’t explain what I meant. You didn’t have the mental framework to hold this new idea – unless you were a trained hypnotist or a cognitive scientist. The ideas were too radical.
Until now. Sorry Danglars but the guy has completely lost it I also doubt that his house is worth 10 million bucks or wherever the tax starts
The obfuscation starts when people fail to realize it's hitting estates of far lower worth.
|
Norway28559 Posts
On September 27 2016 03:16 FiWiFaKi wrote:Show nested quote +On September 27 2016 03:09 Plansix wrote:On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert. Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly. I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah. What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes.
What form of taxation is better than the estate tax? I mean, you claim to be all about meritocracy. Estate tax is the by far most pro-meritocratic form of taxation, nothing comes close.
|
On September 27 2016 03:16 FiWiFaKi wrote:Show nested quote +On September 27 2016 03:09 Plansix wrote:On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert. Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly. I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah. What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes.
i'm a bit unclear on your last part:
do you mean you want the nominal and effective rates to be the same?
(i'm unsure if you typo'ed/used the wrong word, because isn't the effective tax rate by definition, what people actually pay?)
|
On September 27 2016 03:19 Danglars wrote:Show nested quote +On September 27 2016 02:38 Nyxisto wrote:About a year ago I told you that Donald Trump would change far more than politics. I predicted that he would change your understanding of the human condition and your role in reality.
Back then, I couldn’t explain what I meant. You didn’t have the mental framework to hold this new idea – unless you were a trained hypnotist or a cognitive scientist. The ideas were too radical.
Until now. Sorry Danglars but the guy has completely lost it I also doubt that his house is worth 10 million bucks or wherever the tax starts The obfuscation starts when people fail to realize it's hitting estates of far lower worth.
How does that happen exactly?
|
On September 27 2016 03:16 FiWiFaKi wrote:Show nested quote +On September 27 2016 03:09 Plansix wrote:On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert. Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly. I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah. What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes.
So you want to purely rely on income taxation? How's that fairer than taxing property, which given how high the exemption is for the most part will affect heirs or the very wealthy?
|
Norway28559 Posts
On September 27 2016 03:19 Danglars wrote:Show nested quote +On September 27 2016 02:38 Nyxisto wrote:About a year ago I told you that Donald Trump would change far more than politics. I predicted that he would change your understanding of the human condition and your role in reality.
Back then, I couldn’t explain what I meant. You didn’t have the mental framework to hold this new idea – unless you were a trained hypnotist or a cognitive scientist. The ideas were too radical.
Until now. Sorry Danglars but the guy has completely lost it I also doubt that his house is worth 10 million bucks or wherever the tax starts The obfuscation starts when people fail to realize it's hitting estates of far lower worth.
2009 levels which he references starts off at $3.5 million, top tax rate 45%.
|
On September 27 2016 03:16 Liquid`Drone wrote:
Scott Adams is from quick googling supposedly worth $75 million.
To me, that doesn't give him any credibility though. I give my most sincere and heartfelt fuck yous to anyone with that kind of wealth opposed to estate taxes- his children should be fine even if they have to manage with $25mill split between them. However, his position of 'selfish opposition to the estate tax' seems especially ridiculous seeing as he seemingly has no children of his own (to be fair, this is also based on a quick google/wikipedia search and if I'm wrong, I'll easily concede this!) and divorced his wife 2 years ago.
Damn, I stand corrected. I assumed he was worth a couple million, but not $75. If people want to get rid of the estate tax and replace it with someone more effective, I’m all about it. If people want to remove it so the wealthy can pass there ever increasing wealth on forever through their families, I’m not really about it.
|
On September 27 2016 03:19 Liquid`Drone wrote:Show nested quote +On September 27 2016 03:16 FiWiFaKi wrote:On September 27 2016 03:09 Plansix wrote:On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert. Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly. I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah. What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes. What form of taxation is better than the estate tax? I mean, you claim to be all about meritocracy. Estate tax is the by far most pro-meritocratic form of taxation, nothing comes close.
to be pedantic:
no tax at all because the gov't gets its money without any taxes (typically due to revenues from a natural resource, e.g. oil money)
|
On September 27 2016 03:19 zlefin wrote:Show nested quote +On September 27 2016 03:16 FiWiFaKi wrote:On September 27 2016 03:09 Plansix wrote:On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert. Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly. I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah. What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes. i'm a bit unclear on your last part: do you mean you want the nominal and effective rates to be the same? (i'm unsure if you typo'ed/used the wrong word, because isn't the effective tax rate by definition, what people actually pay?)
Effective tax rate is the cumulative rate you'd pay when combining up the tax brackets. While someone's marginal tax rate if they make 5 million in the US will be 39.6%, their effective tax rate will be lower, since you're adding up all the tax brackets.
I went back to the wikipedia article where I first saw it, and they call both effective rates, so a bit confusing. But the top 1% that earns 1.5mil should pay some 35% tax when looking at tax brackets, in reality they pay 20%. That's the discrepancy I'm talking about.
|
On September 27 2016 03:25 FiWiFaKi wrote:Show nested quote +On September 27 2016 03:19 zlefin wrote:On September 27 2016 03:16 FiWiFaKi wrote:On September 27 2016 03:09 Plansix wrote:On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert. Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly. I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah. What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes. i'm a bit unclear on your last part: do you mean you want the nominal and effective rates to be the same? (i'm unsure if you typo'ed/used the wrong word, because isn't the effective tax rate by definition, what people actually pay?) Effective tax rate is the cumulative rate you'd pay when combining up the tax brackets. While someone's marginal tax rate if they make 5 million in the US will be 39.6%, their effective tax rate will be lower, since you're adding up all the tax brackets. I went back to the wikipedia article where I first saw it, and they call both effective rates, so a bit confusing. But the top 1% that earns 1.5mil should pay some 35% tax when looking at tax brackets, in reality they pay 20%. That's the discrepancy I'm talking about.
I see, so tha'ts how you're using it. sometimes people use effective rate to refer to what's actually really gonna be paid (factoring in valid deductions and such; since a high nominal rate may have a lot of available deductions).
how would your desire for them to be similar handle the issue of deductions?
if their nominal rate is 35%, and they're only paying 20% what is the source of the discrepancy? is it all in deductions? or some other adjustments?
and how does the nominal/actual rate difference vary by tax bracket?
|
On September 27 2016 03:23 Plansix wrote:Show nested quote +On September 27 2016 03:16 Liquid`Drone wrote:
Scott Adams is from quick googling supposedly worth $75 million.
To me, that doesn't give him any credibility though. I give my most sincere and heartfelt fuck yous to anyone with that kind of wealth opposed to estate taxes- his children should be fine even if they have to manage with $25mill split between them. However, his position of 'selfish opposition to the estate tax' seems especially ridiculous seeing as he seemingly has no children of his own (to be fair, this is also based on a quick google/wikipedia search and if I'm wrong, I'll easily concede this!) and divorced his wife 2 years ago. Damn, I stand corrected. I assumed he was worth a couple million, but not $75. If people want to get rid of the estate tax and replace it with someone more effective, I’m all about it. If people want to remove it so the wealthy can pass there ever increasing wealth on forever through their families, I’m not really about it.
This is not what happens! You know it trickles down.
|
Norway28559 Posts
On September 27 2016 03:24 zlefin wrote:Show nested quote +On September 27 2016 03:19 Liquid`Drone wrote:On September 27 2016 03:16 FiWiFaKi wrote:On September 27 2016 03:09 Plansix wrote:On September 27 2016 03:01 FiWiFaKi wrote:On September 27 2016 02:45 Plansix wrote:
In what universe is he going to be impacted by the estate tax? Is he really raking in that much money off of a comic strip, but can’t afford a lawyer to assure his assets are not going to get his kids taxed into the ground? Yep, sounds like an excellent world. If I don't want to pay estate tax, I should just hire expensive lawyers. You're not making your point. You are showing you don’t understand the issue at all. You need to have an estate of 5 million(10 for a couple) before you are effected under the estate tax. Adams is complaining about a tax he will never have to pay. Unless I am vastly underestimating the value of Dilbert. Of course I understand the estate tax, I researched the shit out of it because it's tax I diagram with the most, and double taxation is so ugly. I just assume a public figure that many of us here we recognize (and people seem to care about his viewpoints) would be worth at least several million at the end of his life, yeah. What I want to see in the US is the effective tax rate to equal what actually people pay. If it did, we wouldn't need to have any of these bull taxes. What form of taxation is better than the estate tax? I mean, you claim to be all about meritocracy. Estate tax is the by far most pro-meritocratic form of taxation, nothing comes close. to be pedantic: no tax at all because the gov't gets its money without any taxes (typically due to revenues from a natural resource, e.g. oil money)
I am totally pro nationalization of natural resources.  As a Norwegian though, I can fairly confidently state that even with this in place, tax revenues are still highly necessary. Despite our oil riches (and to be fair, while Norway does have more expansive public programs than the US does) 80% of government income comes from taxation.
|
On September 27 2016 03:28 TheDwf wrote:Show nested quote +On September 27 2016 03:23 Plansix wrote:On September 27 2016 03:16 Liquid`Drone wrote:
Scott Adams is from quick googling supposedly worth $75 million.
To me, that doesn't give him any credibility though. I give my most sincere and heartfelt fuck yous to anyone with that kind of wealth opposed to estate taxes- his children should be fine even if they have to manage with $25mill split between them. However, his position of 'selfish opposition to the estate tax' seems especially ridiculous seeing as he seemingly has no children of his own (to be fair, this is also based on a quick google/wikipedia search and if I'm wrong, I'll easily concede this!) and divorced his wife 2 years ago. Damn, I stand corrected. I assumed he was worth a couple million, but not $75. If people want to get rid of the estate tax and replace it with someone more effective, I’m all about it. If people want to remove it so the wealthy can pass there ever increasing wealth on forever through their families, I’m not really about it. This is not what happens! You know it trickles down.
We would just wait for it to be dealt the old fashion way. The problem of wealth disparity solves itself through the free market, mostly by the market collapsing as all the violence and civil unrest.
|
|
|
|
|
|
EPT
