@ISIDEWITHQuestionseconomyStarted 8yrs agoActive 2 days ago

Should the current estate tax rate be decreased?

The estate tax is a tax that is levied on all property that is declared in a deceased person’s will. The tax is also known as the “inheritance tax” or “death tax.” In 2016, the estate tax rate is 40% and only applies to estates with a value greater than $5.45 million. In 2015 5,300 estates in the U.S. were subject to the tax and paid $18.4 billion in taxes. Proponents of the tax, including Hillary Clinton, argue that more estates should be subject to the tax and the threshold should be lowered from $5.45 million to $3.5 million. Opponents of the tax, including Donald Trump, argue that people who have paid income taxes their entire life should not be subject to another tax when they die.

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Answer Overview

Response rates from 572 State Senate District 31 voters.

52%
Yes
48%
No
46%
Yes
39%
No
7%
Yes, and we should eliminate it
5%
No, I am satisfied with the current rate
4%
No, and increase it at a progressive rate

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Other Popular Answers

Unique answers from State Senate District 31 voters whose views went beyond the provided options.

 @8NK6PJ6 from Kansas  answered…4yrs4Y

Not sufficiently well-informed to make a judgement.

 @8XLR4JX  from North Carolina  answered…1yr1Y

No, it should mirror a progressive tax equivalent to both the deceased and the inheritant’s respective incomes.

 @9RH3CPQ from Georgia  answered…5mos5MO

Yes, but only for people who live in the house they own. People who own multiple residences should have increased taxes.

 @9RR7JNS from Virginia  answered…4mos4MO

Yes, the tax system is too convoluted and a flat wealth tax should be considered as opposed to several different tax types

 @98YQQNB from Kentucky  answered…2yrs2Y

Make all land public

 @8ZMCHXD from Washington  answered…3yrs3Y

it should progressively increase as the value of the estate grows higher. (small estate - no tax, medium - 10 to 20 percent - large, up to 45 percent

 @9VJZZCG from Maryland  answered…2mos2MO

Yes, and we should eliminate it because it hurts farmers and their families who don’t have the money to pay taxes on such large properties once the owner dies.

 @9RV4TYK from Idaho  answered…4mos4MO

Inheritance of anything other than real estate should be banned in order to limit the cycles of generational wealth and poverty. When they die, a person's assets should be reclaimed by the government and placed into the Universal Basic Income fund.

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 @ISIDEWITH submitted…2 days2D

Israel Sinks Syria's Navy

Israel said Tuesday that it had destroyed Syria’s navy in overnight airstrikes, as it continued to pound targets in Syria despite warnings that its operations there could ignite new conflict and jeopardize the transition of power to an interim government.Israel’s defense minister, Israel Katz, said that the Israeli military had “destroyed Syria’s navy overnight, and with great success.” His remarks appeared to confirm Israel’s responsibility for the destruction documented in the Syrian port city of Latakia, where photos showed the smoldering remains of ships sunk at their dock.Mr. Katz said that Israel’s military “has been operating in Syria in recent days to hit and destroy strategic capabilities that pose a threat to Israel,” although he did not indicate what new or immediate risk Syria’s navy presented to Israel, which has the most powerful military in the Middle East.Israeli warplanes have conducted hundreds of strikes in Syria since the fall of President Bashar al-Assad on Sunday, according to war monitors. Israel has characterized its operations as defensive, saying its military was striking suspected chemical weapons stockpiles in Syria to prevent them from falling “into the hands of extremists.”“From here, I warn the rebel leaders in Syria: Those who follow Assad’s path will end like Assad,” Mr. Katz said.As the Assad government fell to the rebels over the weekend, Israeli ground forces advanced beyond the demilitarized zone on the Israel-Syria border, marking their first overt entry into Syrian territory in more than 50 years. An Israeli military spokesman on Tuesday denied reports that the military was advancing on Damascus. The spokesman, Avichay Adraee, said the military was inside a buffer zone between Israel and Syria and at other points “in order to protect the Israeli border.”Earlier Tuesday, Geir Pedersen, the United Nations special envoy for Syria, called on Israel to halt its “very troubling” military operations there, and said de-escalation was needed. “We are continuing to see Israeli movements and bombardments into Syrian territory. This needs to stop,” Mr. Pedersen told reporters in Geneva.

▲  1511 replies

 @ISIDEWITH submitted…3 days3D

CEO Shooting Suspect Had Manifesto That Criticized Healthcare Companies

A man is being held for questioning in connection with last week’s killing of a health insurance executive in Midtown Manhattan, the police said.The man being questioned was identified as Luigi Mangione, 26, the police commissioner, Jessica Tisch, said at a news briefing. He was identified in a McDonald’s in Altoona, Pa., after an employee recognized him and called the authorities at about 9:15 a.m. on Monday.Mr. Mangione was carrying identification with his name on it, along with fake I.D., according to law enforcement officials.Mr. Mangione showed the police the same fake New Jersey identification that the man believed to be the gunman presented when he checked into a hostel on the Upper West Side of Manhattan on Nov. 24, a senior law enforcement official saidWhen Mr. Mangione was approached in Altoona, he had a gun, a silencer and other false identification cards similar to those they believe the killer used in New York, according to one of the law enforcement officials and a person briefed on the investigation. The gun was described as possibly being a so-called ghost gun, assembled from parts purchased online.Mr. Mangione was also carrying a handwritten manifesto that criticized health care companies for putting profits above care, according to two law enforcement officials.Mr. Mangione is in custody on local charges, the official said, possibly related to presenting the fake identification to the police. He has not been arrested or charged in connection with the killing.New York police investigators are traveling to Altoona, in western Pennsylvania, about 280 miles from the city, according to one of the law enforcement officials.

▲  2011 replies

 @ISIDEWITH submitted…1 day1D

Border Bombshell: 8 Million New Arrivals Under Biden

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▲  1512 replies

Active 1hr ago

 @ISIDEWITH submitted…2hrs2H

Pete Hegseth Slams Gay Troops Policy

Pete Hegseth, President-elect Donald Trump’s pick for secretary of defense, has repeatedly criticized policies allowing gay people to serve openly in the US military, calling them part of a “Marxist” agenda to prioritize social justice over combat readiness.In his 2024 book “The War on Warriors” and in subsequent media promotions this year, Hegseth described both the original “don’t ask, don’t tell” (DADT) policy and its repeal in 2011 as a “gateway” and a “camouflage” for broader cultural changes that he claims have undermined military cohesion and effectiveness.In a 2015 appearance on Fox News, Hegseth also argued these policies like repealing DADT “erode standards” in favor of political goals like social engineering.DADT was implemented under President Bill Clinton in the 1990s and allowed gay people and lesbians to serve in the military — provided they did not disclose their sexuality. Military officials were also barred from asking military members their sexual orientation. If a troop’s orientation came to light, it could lead to their discharge.The policy was repealed during the Obama administration, allowing openly gay service members.Hegseth writes in his book that he was initially ambivalent to the change but came to regret his passive stance, describing the repeal as a “breach in the wire” that opened the door for broader cultural and ideological changes in the military.On Thursday, Hegseth appeared to walk back his earlier remarks about DADT, telling CNN, “Oppose the repeal? No, I don’t,” and calling this report on his previous comments “more false reporting.”

▲  168 replies

Active 3hrs ago

 @ISIDEWITH submitted…3hrs3H

Elizabeth Warren Walks Back Murder Comments

Congressional Democrats broadly denounced the murder of UnitedHealthcare CEO Brian Thompson Friday morning, after Republicans started accusing Sen. Elizabeth Warren of excusing violence.“No one's condoning this,” said Rep. Brad Schneider (D-Ill.). “Violence never is the right answer for anything. And it was a horrible murder, a tragic loss for his family.” Warren this week condemned the shooting, but added that people “can be pushed only so far.”"We'll say it over and over," Warren said on MSNBC’S “The ReidOut.” " Violence is never the answer. This guy [Luigi Mangione] gets a trial who's allegedly killed the CEO of UnitedHealth, but you can only push people so far, and then they start to take matters into their own hands."In a statement to POLITICO, Warren said, “Violence is never the answer. Period. I should have been much clearer that there is never a justification for murder.” Top Republicans denounced Warren's comments and the walked-back rhetoric, with House Majority Leader Steve Scalise (R-La.) calling it “inappropriate and dangerous.”Some House Democrats asked about the incident on Thursday pivoted the conversation to discuss policy options on health care or gun safety.“I don't really know that this is really a space that Congress normally weighs in on,” said Rep. Jasmine Crockett (D-Texas). “But at the end of the day, I think it’s an opportunity, because now people are talking about health care and to talk about the fact that this industry has honestly not been as helpful as it could be.”“Violence is never the answer,” said Rep. Troy Carter (D-La.). “We know that there are people suffering, there’s great challenges in healthcare. There's great challenges, and people have, in fact, been wronged, but a process of governance is the way to address that, not violence.”And Rep. Ted Lieu (D-Calif.) who denounced the murder, said the killer should be prosecuted and that “I do know that allegedly a ghost gun was used, and we should also ban ghost guns. There's no reason for them beyond the streets.”

▲  1514 replies

Active 55mins ago

 @ISIDEWITH submitted…2hrs2H

Trump Slams Zelensky As "Foolish" Over Russian Missile Strike

President-elect Donald Trump went out of his way to criticize Ukrainian President Volodymyr Zelensky over his decision to fire missiles into Russia, characterizing it as a “foolish decision” and even “the most dangerous” geopolitical development in recent days.Trump has met with Zelensky twice since winning the 2024 election. After speaking with the war leader in Paris last week, Trump declared that “He wants to make peace.”“He thinks it’s time, and [Vladimir] Putin should think it’s time because he’s lost — when you lose 700,000 people, it’s time. It’s not going to end until there’s a peace,” he continued.In his “Person of the Year” interview with Time, however, Trump took a detour from a question about Iran to blast Zelensky.“Iran recently plotted to have you assassinated. What are the chances of going to war with Iran during your next term?” asked Trump’s interlocutor.“Anything can happen. Anything can happen. It’s a very volatile situation,” replied Trump before turning his attention to the ongoing conflict between Russia and Ukraine.Elsewhere in the interview, Trump was asked if he would “commit to protecting Ukrainian sovereignty?”“I would like to see Ukraine—okay, ready? You have to go back a little bit further. It would have never happened if I were president. Would have never happened—” he answered.After being pressed about whether he would “abandon Ukraine,” Trump said, “I want to reach an agreement, and the only way you’re going to reach an agreement is not to abandon. You understand what that means, right?”

▲  158 replies