snopes.com  

Go Back   snopes.com > SLC Central > Soapbox Derby

Reply
 
Thread Tools Display Modes
  #1  
Old 04 December 2017, 05:25 PM
Psihala's Avatar
Psihala Psihala is offline
 
Join Date: 28 February 2001
Location: Denver, CO
Posts: 8,017
Icon103 GOP senator says comments on estate tax misinterpreted

A top Republican senator said Monday his comments were misinterpreted when he defended GOP efforts to scale back the federal estate taxes because it helps those who invest rather than people who spend their money on "booze or women or movies."

http://abcnews.go.com/Politics/wireS..._headlines_hed
Reply With Quote
  #2  
Old 04 December 2017, 05:52 PM
GenYus234's Avatar
GenYus234 GenYus234 is offline
 
Join Date: 02 August 2005
Location: Mesa, AZ
Posts: 26,108
Default

Quote:
Grassley, in his statement on Monday, said he wants to ensure the tax code is as fair for "family farmers who have to break up their operations to pay the IRS following the death of a loved one as it is for parents saving for their children's college education or working families investing and saving for their retirement."
This is a very odd choice of things to compare to considering that the tax code completely eliminates the deductions for student loan interest and there was strong consideration to slash the 401k limits to 1/8 of their previous level.

Also, if your big concern is the family farms, why not add an exemption when the value of the estate consists of agricultural land? Oh that's right, because you are using farmers as a smokescreen for your real concern, the Koch brothers' estate.
Reply With Quote
  #3  
Old 04 December 2017, 06:20 PM
Lainie's Avatar
Lainie Lainie is offline
 
Join Date: 29 August 2005
Location: Suburban Columbus, OH
Posts: 74,430
Default

Also, to Chuck Grassley, women are not people, but commodities that people (IOW, men) waste money on. I hope every woman in his district remembers that the next time he's up for election.
Reply With Quote
  #4  
Old 05 December 2017, 05:21 PM
jimmy101_again jimmy101_again is offline
 
Join Date: 29 December 2005
Location: Greenwood, IN
Posts: 6,906
Default

Quote:
Originally Posted by GenYus234 View Post
This is a very odd choice of things to compare to considering that the tax code completely eliminates the deductions for student loan interest and there was strong consideration to slash the 401k limits to 1/8 of their previous level.

Also, if your big concern is the family farms, why not add an exemption when the value of the estate consists of agricultural land? Oh that's right, because you are using farmers as a smokescreen for your real concern, the Koch brothers' estate.
Or the Turnip's estate. Turnip claims he is worth about $6B so repeal of the estate tax is worth $1.5B to his family. Remember when Turnip said the tax plan was bad for him personally? The elimination of the alternative minimum tax, the estate tax and the lowering of corporate tax rates will be worth a heck of a lot of money to the Turnip.
Reply With Quote
  #5  
Old 05 December 2017, 05:28 PM
dfresh dfresh is offline
 
Join Date: 11 November 2005
Location: Oxford, PA
Posts: 4,208
Default

Yeah, but what Trump said at any point before now is totally irrelevant to what he is saying now (and his believers seem fine with that.)
Reply With Quote
  #6  
Old 05 December 2017, 05:37 PM
GenYus234's Avatar
GenYus234 GenYus234 is offline
 
Join Date: 02 August 2005
Location: Mesa, AZ
Posts: 26,108
Default

And what he said then and what he says now and what he'll say 20 minutes into the future will all be totally irrelevant to the truth despite all being different from each other. It is really quite remarkable his ability to say so many contradictory statements without ever (even accidentally) telling the truth.
Reply With Quote
  #7  
Old 05 December 2017, 06:17 PM
Richard W's Avatar
Richard W Richard W is offline
 
Join Date: 19 February 2000
Location: High Wycombe, UK
Posts: 26,206
Default

Quote:
Originally Posted by jimmy101_again View Post
Remember when Turnip said the tax plan was bad for him personally?
To be fair, if it's an estate tax change then his family will only benefit when he's dead, so he himself may not much care because it won't do anything for him personally other than perhaps make a number of people slightly more eager to see him dead...

Also, he's probably forgotten how much money he claimed to have.
Reply With Quote
  #8  
Old 05 December 2017, 07:37 PM
jimmy101_again jimmy101_again is offline
 
Join Date: 29 December 2005
Location: Greenwood, IN
Posts: 6,906
Default

Quote:
Originally Posted by Richard W View Post
To be fair, if it's an estate tax change then his family will only benefit when he's dead, so he himself may not much care because it won't do anything for him personally other than perhaps make a number of people slightly more eager to see him dead...

Also, he's probably forgotten how much money he claimed to have.
One way to avoid, or at least minimize, estate taxes is to give stuff to your beneficiaries before you die. So it actually does help the Turnip while he is alive since he can keep everything without having to worry about a big tax liability for his heirs.

As to the second point, yep, he's probably forgotten, and since the number isn't actually based in fact he probably can't remember what he said.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Diplomats HATE him: How to do real estate development with one weird trick Dreams of Thinking Machines Soapbox Derby 3 04 December 2016 12:18 AM
Nine in ten feel phantom phone vibrations: Muscle spasms are wrongly misinterpreted A Turtle Named Mack Techno-Babble 7 13 January 2016 06:06 PM
Real estate scammer says he's too obese for prison snopes Police Blotter 0 12 March 2014 08:59 PM
'Alien hand' spotted on estate agent website: ET sell home? snopes Fauxtography 19 24 September 2009 01:09 PM


All times are GMT. The time now is 04:09 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.