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house Bill H.R. 631

Should the "Death Tax" and Generation-Skipping Transfer Tax be Repealed?

Argument in favor

Why should death or gifts from grandparents to their grandchildren be taxable events? These people already paid taxes on that money when they first earned it, taxing it again at a person’s death is not only insulting, it's double-taxation.

Abbie's Opinion
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04/18/2017
That money has already been taxed as income, and will be taxed again when it is spent by the inheritors. There is no need to tax it a third time.
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Melissa's Opinion
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04/18/2017
So many people think it would be unfair if it applied to them, but because it only affects the wealthy, they are all for it. It was already taxed once, and it will be taxed again when it is spent. Although I am not among the wealthy, I am able to see that is unfair to tax it a third time.
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Derek's Opinion
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04/18/2017
It's unfair to pay taxes on the same money twice.
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Argument opposed

The people who pay these taxes are the wealthiest in the country — they can afford it. Not to mention, the tax only applies to about 2 of every 1,000 estates. The government does not need to be giving the Paris Hiltons of the world a $269 billion gift.

Miranda's Opinion
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04/18/2017
The so-called "death tax" currently applies only to estates worth more than $5 million. Republicans need to stop deceiving people about a tax that affects only a very small number of Americans. It is not unreasonable for the most fortunate few to forego a portion of their unearned riches for the benefit of the many who have not been born into wealthy families.
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Nicole's Opinion
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04/18/2017
Look carefully at who is affected. $5 million is the threshold. Yeah....no, it doesn't need to be repealed.
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Melinda's Opinion
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04/18/2017
Leave estate taxes in place where they are. Wealth accumulated over millions of dollars is wealth not being reinvested in our society and should not just be left to roll along generation to generation without taxation. If we had a $0 deficit and excellent infrastructure perhaps it could be reconsidered but right now leave the "death tax" in place.
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    That money has already been taxed as income, and will be taxed again when it is spent by the inheritors. There is no need to tax it a third time.
    Like (158)
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    The so-called "death tax" currently applies only to estates worth more than $5 million. Republicans need to stop deceiving people about a tax that affects only a very small number of Americans. It is not unreasonable for the most fortunate few to forego a portion of their unearned riches for the benefit of the many who have not been born into wealthy families.
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    Look carefully at who is affected. $5 million is the threshold. Yeah....no, it doesn't need to be repealed.
    Like (190)
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    So many people think it would be unfair if it applied to them, but because it only affects the wealthy, they are all for it. It was already taxed once, and it will be taxed again when it is spent. Although I am not among the wealthy, I am able to see that is unfair to tax it a third time.
    Like (126)
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    Leave estate taxes in place where they are. Wealth accumulated over millions of dollars is wealth not being reinvested in our society and should not just be left to roll along generation to generation without taxation. If we had a $0 deficit and excellent infrastructure perhaps it could be reconsidered but right now leave the "death tax" in place.
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    There is no "death tax" the estate tax is charged because the income is new to you. The tax is charged against the receiver of the income... just like tax is charged every other time someone receives income. This is just income tax. Stop being puppets
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    Stop giving tax breaks to the wealthiest people of the country
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    It's unfair to pay taxes on the same money twice.
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    This tax only applies to the wealthy. Repealing it reduces tax revenue but does nothing to create jobs or stimulate economic growth.
    Like (68)
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    Another tax gift to those who don't need it
    Like (64)
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    The founding fathers strongly supported inheritance taxes to guard against the rise of an American aristocracy and we are very nearly there again. I think the current cut off of $5 million is perfectly acceptable.
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    People saying "no" are all making the "screw rich people" argument. No mention of the fact that the money was already taxed the first time, the fact the the person who earned it has a right to dispose of it how they see fit, or the fact that the government, in taxing an estate, is just taking money that it DID NOT earn and will ultimately just squander.
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    The 1% already don't pay their way. This is another tax break for them.
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    No! The argument that some are making that the money has already been taxed falls apart when you realize all money is already taxed on some level prior to transfer. The other argument that business or property cannot be inherited without taxation; there are ways to facilitate transfers without taxation. And please stop calling it a death tax! It is an inheritance tax for only very large inheritances intended to prevent the development of an American aristocracy. Lastly the tax in 2016 was only 40% for amounts greater than $5.45 million. If you are fortunate enough to inherit that much ... good on you. If you inherit $100 million you only have to pay 37.8 million. You have zero to complain about to pay that little amount for the benefits you receive in this country.
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    You save your money for retirement with a hope that yours kids may benefit if money is left after death. But Socialism knows best- spreading your wealth around to make life better for the elites who make laws. Well, no thank you! I didn't work a lifetime for my neighbors or failing social programs. The Death Tax is a Communist dream making hard working taxpayers slaves to the political elites. While we're at it, let's repeal the Income Tax. Just heard on Tucker Carlson that a Socialist professor wants a 80% tax on income, but admitted she herself doesn't "pay her fair share", even volunteered.
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    I support any reduction in taxes at any time for any person for any reason. What claim does the government have on anyone's estate? By what authority can that possibly be justified? It is theft. It is an infringement on personal property. It is unjust. "They can afford it" is no basis for just governance. You don't get to determine what someone else can or cannot afford to have taken from them. That's tyranny.
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    The death tax - is costing the government more money to enforce than it generates. It costs us citizens money to hire estate lawyers. This is an unnecessary expense - if avoided these funds would be put to more productive use in the economy.
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    People are already going through enough when they lose a loved one, and the death tax just reaffirms that the government is involved in every matter, no matter how private or emotional.
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    No because we don't need to reduce U.S. government revenue by giving a tax break to the wealthy.
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    I don't see how true conservative lawmakers can support a bill that will increase the deficit by $270 billion. Do you care about your middle class constituents or just wealthy donors?
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