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Thom's blog
How the 1% is Rewiring Brains & Future Generations
The federal estate tax is a tax on property and assets that are passed down from a deceased individual to their heirs (like how Paris Hilton gets most of her money). The estate tax has brought in crucial revenue for our government for nearly 100 years, and Republicans have been opposed to it for nearly that long too.
They like to argue that the tax is too large, and that it's too burdensome for small businesses and family-owned farms. But, the facts say otherwise.
Similarly, as the CBPP points out, "taxable estates generally pay less than one-sixth of their value in tax." So far, this tax doesn't seem too "burdensome" at all. And then there's the argument Republicans make about the estate tax hurting small businesses and family-owned farms. Well, that argument is pretty bogus too.
As the CBPP notes, "Only roughly 20 small business and small farm estates nationwide owed any estate tax in 2013, according to the Tax Policy Center." You heard that right. Only 20 out of hundreds of thousands of small businesses and family farms nationwide owed estate taxes in 2013.
Clearly the facts don't support any argument Republicans make about the estate tax. So, that begs the question, why are Republicans doing everything in their power to eliminate it?
Well, the answer to that is pretty simple: to put more money in the pockets of the wealthy elite who own and fund the Republicans. After all, the wealthy elite HATE the estate tax.
-Thom
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Tonight on The Big Picture on RT TV at 7pm and 10pm... How Climate Change Has Impacted the West Coast Drought (check your local listings for stations or stream at RT or Free Speech TV, and catch past shows on Youtube)
Need to Know: The 2016 Casino Election- America's Lawyer Mike Papantonio, Ring of Fire Radio 
PLUS, Iran-a good deal...so why do conservatives hate it?- Paul Kawika Martin, Peace Action
Daily Take: How the 1% is Rewiring Brains & Future Generations
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Thursday's Daily Stack 
Hour One: Thom talks issues of the day with America's Lawyer- Mike Papantonio, Ring Of Fire Radio
Hour Two: How close are we to war with Russia?- Professor Stephen Cohen, The Nation
Hour Three: Drugs in Cases of Violence, Suicide- Dr. Peter Breggin, Practicing Psychiatrist |
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Thom
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Thom's Poll
Should Obama issue an executive order requiring gov't contractors to disclose political spending?
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Order Thom's latest book, Death in the Pines: An Oakley Tyler Novel, at Amazon or Barnes & Noble now! |
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Watch & Listen to Thom
Rumble - Americans Want TPP Transparency
Jamie Diamond Basically Just Gave Elizabeth Warren the Bird
Rumble - We Need More Drug Reform
If A Business is Discriminating - Pull Their License!
Garbage...it's what's for dinner at a prison near you
The Good - the Bad - and the Very Very Cheimaphillicly Ugly
Or watch the Full "Big Picture" Show...
Full Show 4/1/15: Prison Caught Serving Inmates Garbage
Thom debates Indiana's religious freedom law with RedState's Bryan Pruitt and discusses a Michigan prison's decision to serve their inmates garbage with Michigan Progress' Hugh Madden. Tonight's "Rumble" talks Obama's attempts to end the war on drugs, how Republican governors considering a presidential run have taken Obamacare money despite slamming the law, and how a group of college students have refused to pay back their college loans. In tonight's "Daily Take" Thom discusses the true history of the Boston Tea Party and what it can tell us about the fight to take money out of politics.
Pharmaceuticals Implicated in Germanwings Tragedy? (w/ Dr. Peter Breggin)
War with Russia? More Possible than Ever... (w/ Prof. Stephen Cohen)
Dark Money & Cheap Wine... with a Hint of Arsenic (w/ Mike Papantonio)
Thom Hartmann on the Science & Green News - March 30, 2015 |
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