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View Diary: I am a job creator: A manifesto for the entitled (61 comments)

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  •  it most certainly is NOT bad to want to help (3+ / 0-)
    Recommended by:
    SpamNunn, Sylv, Eric Nelson

    your kids Spam but using the reasoning that the money you leave them has already been taxed is specious... and it irks me when I hear people (like Romney) say it about his investment income "it was already taxed at the corp level so when it comes to me I dont have to pay taxes on it"  

    ALL money 'has already been taxed' unless you are printing it in your basement.

    YOU should not be double taxed on Money you decide to leave to your kids but your kids never paid any taxes on that money that will now belong to them just as Romney has not paid taxes on income he gets from investments...

    as I understand it we dont tax money we tax people.  there isnt a record attached to every dollar that tracks the amount of taxes places on that specific dollar although, to hear the Romney class tell it, there is...  Romney believes the dollars that come to him have already paid their taxes so he doesnt have to.

    "You've got to be an optimist to be a Democrat, and a humorist to stay one" - Will Rogers

    by KnotIookin on Sun Sep 30, 2012 at 08:54:15 AM PDT

    •  Thanks. That's why we have trust instruments. (1+ / 0-)
      Recommended by:

      It will get taxed once, when I leave it to my wife with a big spousal exemption, and then distributed to my kids.  

      It aggravates me, though, to hear people criticize kids for benefitting from the hard work and love of their parents.  That "silver spoon" crap pisses me off.   We should all be so lucky.  I wasn't.  That's why it's so important to me to be able to give my kids a hand when I am not here anymore.  

      Thanks for letting me vent.   Tough week.  Mom passed away.  Lot's of stuff to think about.  

      He only employs his passion who can make no use of his reason. - Cicero

      by SpamNunn on Sun Sep 30, 2012 at 09:28:33 AM PDT

      [ Parent ]

      •  sorry to hear of your Moms passing (2+ / 0-)
        Recommended by:
        Sylv, SpamNunn

        and I am sure that it has made you think about what you can do for your own kids over time.  

        my condolences to you and your family.

        "You've got to be an optimist to be a Democrat, and a humorist to stay one" - Will Rogers

        by KnotIookin on Sun Sep 30, 2012 at 09:58:18 AM PDT

        [ Parent ]

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