Author Topic: Interesting Articles...  (Read 881982 times)

Offline whYME

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Online ExGingi

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Re: Interesting Articles...
« Reply #9976 on: April 14, 2019, 09:21:56 PM »
How is it so easy to avoid?
There are plenty of legal techniques.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline zh cohen

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Re: Interesting Articles...
« Reply #9977 on: April 14, 2019, 10:01:05 PM »
There are plenty of legal techniques.

Are people changing the way they do business (to their detriment) in order to avoid the death tax?

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Re: Interesting Articles...
« Reply #9978 on: April 14, 2019, 10:08:13 PM »
Are people changing the way they do business (to their detriment) in order to avoid the death tax?
I donít think so.

In a way thereís a positive aspect to this tax, in that it gives people the impetus to engage in planning. There are very often issues that are much larger and more important than the tax.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline zh cohen

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Re: Interesting Articles...
« Reply #9979 on: April 14, 2019, 10:55:28 PM »

In a way thereís a positive aspect to this tax, in that it gives people the impetus to engage in planning. There are very often issues that are much larger and more important than the tax.

If the argument made in the article, that almost no-one pays, is true, why shouldn't the government abolish it completely (unless it's about making money for for lawyers and life insurance companies)?

Offline moko

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Re: Interesting Articles...
« Reply #9980 on: April 14, 2019, 11:09:48 PM »
Quote from: www.nhregister.com
Rabbi Jon-Jay Tilsen of Beth El-Keser Israel said in an email, ďAny food purchased by crossing a picket line or from scab workers is not kosher for Passover.Ē He said it is ďa matter of well-established Jewish law.Ē
https://www.nhregister.com/news/article/Jews-face-having-to-find-Passover-foods-without-13763250.php

Online ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Online ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Online ExGingi

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Re: Interesting Articles...
« Reply #9983 on: April 14, 2019, 11:29:39 PM »
If the argument made in the article, that almost no-one pays, is true, why shouldn't the government abolish it completely (unless it's about making money for for lawyers and life insurance companies)?

With no planning whatsoever, under current law estates (of married people - which is now expanded) under ~$22MM should owe no federal estate taxes. The huge shock when the most recent tax law passed was that they didnít do away with step-up in basis at death.

Families with a decent number of children and grandchildren also usually take advantage of annual exclusions for gifting.  Combine that with some common techniques to leverage gifting, as well as charitable planning, and you can easily transfer most 8 digit estates without much difficulty.

Which leads to the (relatively) few 9 digit and above estates. Those obviously present more of a challenge (except when a person is very charitable, in which case a world of planning opens up, that can leave their family and favorite charity with more money at the expense of Uncle Sam), and thatís where the big $$$ are for the tax to make sense as a revenue generator.
« Last Edit: April 14, 2019, 11:40:35 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
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Online ExGingi

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Re: Interesting Articles...
« Reply #9984 on: April 15, 2019, 12:33:46 AM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: Interesting Articles...
« Reply #9985 on: April 15, 2019, 02:43:21 PM »
https://www.timesofisrael.com/the-people-have-spoken-they-want-to-live-in-netanyahus-israel/

Quote
Over 57% of counted votes went to right-wing and ultra-Orthodox parties (Likud; Shas; UTJ; Yisrael Beytenu; United Right-Wing Parties; Kulanu; The New Right; Zehut, and Gesher). This is the highest proportion in Israeli history. Only 34% went to centrist and left of center Zionist parties (Blue and White, Labor and Meretz).

....

By way of comparison, the 2015 elections saw over 56% voting for right-wing and ultra-Orthodox parties (Likud, Kulanu, Jewish Home, Shas, Yisrael Beytenu and Yachad). In 2013, the comparable figure was 48% (Likud, Jewish Home, Shas, UTJ, Otzma LeYisrael). In 2009, it was 54% (Likud, Yisrael Beytenu, Shas, UTJ, National Union and Jewish Home).

Going way back to 1977, when Menachem Beginís Likud first won power, the comparable proportion was about 53% ó and thatís including the then-relatively centrist National Religious Party, which had partnered with Labor-led governments for the past three decades.

The people have spoken.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline justaregularguy

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nothings impossible- the word itself says Im possible

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Offline Definitions

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Re: Interesting Articles...
« Reply #9988 on: April 19, 2019, 12:51:53 AM »
https://www.smithsonianmag.com/smart-news/great-debate-over-whether-1234-112-180949559/

This is so unbelievably stupid I don't care what anybody says.

It's like saying the world is infinite because numbers are infinite.
Jack of all trades, master of none.

Online Boruch999

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Re: Interesting Articles...
« Reply #9989 on: April 19, 2019, 12:02:25 PM »
https://www.smithsonianmag.com/smart-news/great-debate-over-whether-1234-112-180949559/

This is so unbelievably stupid I don't care what anybody says.

It's like saying the world is infinite because numbers are infinite.
I agree it's super stupid, that was the point of the article. And I don't get your analogy. The stupidity is that they presented something as cool and surprising which was only so because they changed the meaning of a plain English word to something it does not mean.  It's like saying "I have and elephant as small as a mouse" using proprietary definitions for I, elephant, small, and mouse.