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OBAMA’S DEATH TAX: Death of America

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November 23, 2012 in Resistance

by

OBAMA’S DEATH TAX: Death of America
Copyright November 23, 2012
Ronald Boldt

The history of the Death Tax:
On July 1, 1862, the U.S. Congress enacted a “duty or tax”
The modern U.S. estate tax was enacted on September 8, 1916 under section 201 of the Revenue Act of 1916. Section 201 used the term “estate tax”.

Right now, there is a 5 million dollar estate tax exemption and anything above that is taxed at 35 percent. But on January 1st, the exemption will go down to 1 million dollars and the tax rate will go up to 55 percent, a lot of people will be absolutely devastated by this change in the tax law.

Farmers, ranchers and small businesses out there today that does not make much money but are sitting on tracts of land that are worth millions of dollars.

By 2013, the death tax will be 55% for any estate over one million dollars, this is going back to the level it was at in 2001.

Almost every farm and ranch in America would now be taxed under this law, even though as a farmer I know that the amount of money it costs to run a farm, compared to amount spent and overall gross taxable income is three different things.

Unlike say your mom and pop store that can order in goods, as a farmer or rancher the government will tax everything from the livestock to the equipment to the property both real and surreal. This will destroy farmers and ranchers forcing them to sell off livestock, equipment and even real property, {the difference between real and surreal property is this, a car, truck, or clothing is surreal, since the item can be used up or worn out quickly, real property is land.}

The federal government and the liberals have taken it upon themselves to demand the greater good or share the wealth. I ask this was the government when I was clearing my land, where was the welfare bums when I was planting my trees or caring for my crops, so why should when I die my property be taken, by the government as a Death Tax?

I say this as a property owner what I will do when I get bad off I will sign a living will, which I will sell my property to my loved one for a dollar more or less, and the date I die she takes over the property.

The federal government may not like that but I say fuck ‘em if they can’t take a joke.

I don’t see Obama paying his fair share of taxes, nor do I see the estate of elected officials paying their fair share in taxes but as hard working Americans we are always stuck with the bill for taking care of the fat and lazy masses.

No one helped me clear my land, no one help me save up my money to buy land, and no one helped me with anything here on my property so why should I help out others? If some fat body wants to own property get off your ass get a job and save your money otherwise shut up you ditch digger.

What do these elite and welfare bums think will happen when there are no more farmers and ranchers to feed their fat pig faces? Will they resort to cannibalism? Who will feed the masses when there are no more farmers and ranchers?

Before some air headed Obama lover says anything, the government will not feed you slaves, so you better get the taste for lawn pork cause your neighbor will be looking at you the same way when there is no more food to be had.

I would rather my property be all destroyed before it ever got in the hands of the government. Many lazy fat bodies will say that is antisocial, by gods yes I am Anti-Social, I hate socialism and if they don’t care for that tough.

As I sit here writing this article I recall how much it cost me to bury my mother when she died. It was over 9,000 dollars, which included a tax on the autopsy, the box, and the cremation. I still had to pay an estate tax in the form of probate court costs. So all said in done, to cover her complete costs, I dropped almost $12,000 dollars just for the right of the government to say yes she was dead, and yes you can dispose of her.

I did not see any welfare bum, socialist or malcontent out there helping me pay that off, or doing anything other than having their grubby little hands held out demanding I give to them.

The Sec. of Treasury Timothy Geithner wants to do away with the debt ceiling and allow the government to make as much fiat currency as it want to pay its debts. Since Obama is driving us to hell in a hand basket in a rocket sled.

The middle class will end up paying more and more in taxes all so that the mindless zombie welfare bums can suck off the hind tit.

Individuals, partnerships, and family corporations own 98 % of the nation’s 2.2 million farms and ranches. With many of these falling well within the million dollar mark, due to the value of the real estate.

As stated earlier, death tax burdens farmers and ranchers because agriculture and livestock/animal husbandry involves the use of many capital assets, such as land and equipment, to generate the same amount of income that other types of businesses generate with fewer assets.

The death tax will force surviving family members to sell land, buildings, or equipment to keep their operation going.

Proponents, for the death tax, continually offer that the inheritor of wealth doesn’t deserve the wealth because; they did not earn it directly.

While it may be true that the receiver of wealth may not have a direct moral claim to that wealth, then neither does anyone else; including the federal government.

Common Law, asserts that the rights to that wealth lie with the deceased persons, the person who earned it originally and who paid taxes on it continually while living.

The deceased has the right to dispose of his or her wealth as he or she sees fit, whether that disposition be in the form of a charitable gift, a check to the government, or a gift to a chosen heir.
So if the person dies what right does the government or a group of people not listed in the will have the right to demand money from the estate, since the government was collecting taxes on the property that person bought until the time of his death.

Why do the liberals and socialists like to demand a death tax, at the same time claiming that an heir does not deserve inherited wealth; could certainly not claim a right to use the power of government to confiscate that wealth on behalf of unknown others who most certainly would not deserve the wealth by that same line of thinking.

So if you are old enough to recall only two things are certain death and taxes, and now there is a third Obama Death Tax.

If you want to have something to leave behind for your loved ones you need to get ahold of your Congressman and Senators and demand that this death tax will not be allowed.


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