The history and purpose of the estate tax are discussed, with the hosts noting how wealthy families like the Hearsts use elaborate trusts to bypass the tax and maintain control over their wealth across generations.
4 chapters across the catalog
The history and purpose of the estate tax are discussed, with the hosts noting how wealthy families like the Hearsts use elaborate trusts to bypass the tax and maintain control over their wealth across generations.
EU Inheritance Tax and Global Government Trends
The UK Independence Party (UKIP) debates a proposed EU property and inheritance tax. The hosts view this "death tax" as a way to ease the public into a centralized European tax system, part of a broader trend toward a global army and government.
Newt Gingrich Marijuana Death Penalty Proposal, Rick Santorum Taxes
Gary Johnson's comments on MSNBC regarding Newt Gingrich's 1997 proposal for the death penalty for marijuana possession are discussed. The hosts also mock Rick Santorum for his inconsistent statements regarding his tax returns, noting his claim that he couldn't access them while simultaneously mentioning the "unhappy check" he had already written to the IRS.
Bush Tax Cuts, Media Misinformation Regarding the Rich
The hosts analyze the "tax cuts for the rich" narrative, arguing that the expiring Bush-era tax cuts actually applied to all income brackets. They express frustration that the media portrays the expiration as only affecting the wealthy, when in reality, the 10% bracket would rise to 15% and various family tax credits would be reduced.