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Somebody needs to look out for the little guy. That lion might eat him.

One of the GOP’s greatest achievements was convincing their voters that the estate tax is a terribly unfair thing that might affect ordinary Americans and keep their children from inheriting their parents’ farms and small businesses. When Frank Luntz eventually shuffles off this mortal coil, it’s safe to say that his renaming the estate tax the “Death Tax” in the 1990s will make the first paragraph, if not the first sentence, of most obituaries. Hating the estate task is an obligatory part of being a Republican, just as pointing out how insane that is is an essential part of progressivism, since only the very richest families — .18 percent of them — ever have to pay it. So of course it’s no surprise that, while waiting on Congress to get around to repealing the estate tax altogether, Donald Trump is jonesing to roll back Obama administration rules aimed at closing loopholes and requiring more uniform enforcement of the estate tax, because aren’t the super-rich already burdened enough?

The rules the Trumpers want to ax were aimed at standardizing who would pay estate tax, cutting out some of the loopholes that rich families with especially creative accountants and lawyers have used to estimate their estate’s worth, and thereby avoid or reduce a postmortem tax liability. Obviously, making everyone pay the same rate is just not fair.

Again, let’s just emphasize how few people actually have to think about estate taxes, which have been cut back by successive Republican administrations since Reagan. If you’re not leaving more than $5.5 million to your heirs, after some hefty deductions (including ones for farms and small businesses!), you are not hit by the estate tax.

Nevertheless, the supposed “threat” to small businesses and family farms is the main R talking point in favor of eliminating the estate tax, or at least not enforcing it as strictly as the Obama rules would have. Which makes perfect sense — the Washington Post estimates that 13 of Trump’s 24 cabinet members have enough wealth to be subject to estate tax, and they represent ordinary Americans, now don’t they? Oh look, a quick case study:

“This hurts a lot of farmers. It hurts a lot of people who have businesses that they want to pass on,” Treasury Secretary Steven Mnuchin told CNBC in May. “Many people have to sell their family business. Many people have to sell their family farm.”

Hmm. Guess that depends on your definition of “many” — again, going back to the Tax Policy Center, Your average small business or family farm isn’t affected at all by the estate tax: Only about 80 farms or “closely held businesses” will face estate tax in 2017. In the whole damn country. Your farm or family business has to be obscenely rich to face estate tax; the center estimates that “small farms and businesses will pay $30 million in estate tax in 2017, fifteen hundredths of 1 percent of the total estate tax revenue.” So probably not a lot of ordinary folks having to sell off Bossy the Cow or Screech the fax machine to pay their estate taxes.

Hey, how about Stephen Mnuchin?

Mnuchin’s reported net worth of $621 million would make his estate liable for the tax if he were to pass away. Whether the Obama administration’s new rules would increase his estate’s bill if his department allowed them to take effect depends on whether he is using a certain legal strategy to save money. That information is not publicly available.

The Obama rules that the Trumpers want to scotch are aimed at creative appraisals of an estate’s value; we won’t go into the details because accounting jokes aren’t really our strong point, on balance (see?). The rules would close a loophole that super-rich people use to devalue liquid assets like stocks and bonds that they shouldn’t have been able to, potentially reducing the on-paper value of their estates by as much as a third of their real worth. Sure, it’s cheating, but it’s legal cheating, so it should be encouraged, especially since it’s only a matter of time until Congress murders the estate tax altogether.

ICYMI

Oh, there’s one small bit of good news in all this: Since the Trump administration has done such a piss-poor job of appointing staffers to all departments, there’s currently nobody in the Treasury Department to actually rewrite the rules Trump’s people want to get rid of. Trump has nominated someone to be assistant treasury secretary for tax policy, but the nominee, David Kautter, hasn’t gotten a confirmation hearing in the Republican-led Senate just yet. Oopsies. Better blame Democratic obstruction again!

Yr Wonkette is supported by reader donations. Please click the “Donate” clicky to help! You could also consider leaving us everything in your will, especially the contents of your wine cellar or your comic book collection. Where’s our Joan Kroc?

[WaPo / Tax Policy Center Briefing Book]

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  • Bill D. Burger
    • schmannity

      Needz moar baby monocle.

  • Scooby

    He’s just trying to ensure Donnie Jr. stays loyal.

    • Covfefe’s Evil Twin

      After all the pee hooker tapes are paid for will Drumpf even have two nickels to rub together?

  • Msgr_MΩment

    .18 percent of them

    I humbly suggest that you append a leading zero whenever you write a digital number between 0 and 1. It makes it more difficult to trip over the “.” and sprain something.

    /poindextered
    /nerd pet peeve

  • memzilla Ω

    “Estate Tax Repeal” sounds so boring. Why not just go all the way and call it “The C. Montgomery Burns Bill for Excellence in Revenue Freedom?”

    • dslindc

      Excellent! Release the hounds!

    • Belasaurius

      can we get a fancy awards show to go with it?

    • Wild Cat

      I heard that name a few times . . . it was back in the 1980s . . . is he still a thing?

    • I thought you were supposed to come up with a nifty acronym first and the retrofit a name into it.

      • FlownΩver

        The Greatness In Money Management & Expenses bill

  • aureolaborealis

    $5.5 million is only for individuals. If you’re a couple, that threshold increases to $10.5 million, iirc.

  • Msgr_MΩment

    If you’re not leaving more than $5.5 million to your heirs,…

    Hold. My. Beer.

  • Wild Cat

    I really want my “Farm Aid” contributions back.*
    Bunch of ungrateful racist fuckers.

    *Actually, I never gave them a dime because I had an actual job so they were already getting my tax $$$ for their white welfare, those ungrateful racist fuckers.

    • UncleTravelingMatt

      My Wisconsin dairy-farmer grandpa was not a fan. He seemed to think that if farms were operated like businesses by people skilled in farming rather than inherited, the whole farm-foreclosure “crisis” could have been avoided. “Birthright farming,” as he called it, was a sore subject with him, right up to the day he retired and sold his farm.

  • arglebargle

    …accounting jokes aren’t really our strong point…

    That’s okay Dok. It’s the total of all your other additions to the Wonkette that add up to a net gain.

    • Msgr_MΩment

      Trump is auditioning accountants to do his taxes.

      First guy comes in, hands over his resume, talks about the work he’s done for his clients. Trump interrupts him.
      “How much is 2 + 2?”
      “Why, 4,” the accountant replies.
      “You’re fired.” (even though he hadn’t been hired yet)

      Second guy comes in. Same deal. When he’s done talking, Trump asks him:
      “How much is 2 + 2?”
      “Ummmm….. 4?”
      “You’re fired.”

      Third guy comes in. Cut to the chase. Trump asks:
      “How much is 2 + 2?”
      “What would you like it to be?”
      “I like this guy.”

    • Latverian Diplomat

      If Wonkette could build up an inventory of accounting jokes, I’m sure it would be depreciated.

  • Crystalclear12

    Accounting joke:
    Torture numbers and they will tell you anything.

    • schmannity

      Trump is waterboarding the estate tax

    • FlownΩver

      Another:

      Client: If you want me to hire you, tell me this – What’s two plus two?

      Accountant: How much do you need it to be?

      Edit: I see the long version has been here a while. Failure to scroll is a terrible thing. Viva Msgr_MΩment.

  • Me not sure

    The inheritance tax is found in Adam Smith’s “The Wealth of Nations”. Our current law is merely a rather weak attempt to insure that we don’t fall prey to an aristocracy of inherited wealth, as opposed to the aristocracy of inherited title and land that existed in Europe at the founding of the country.

    • JustPixelz (((Ω)))

      Without inherited wealth, people would have to rise by dint of their own abilities. Something Republicans HATE HATE HATE!

      • UncleTravelingMatt

        May granddaddy didn’t pull me up by my bootstraps for nothing, you know.

      • PubOption

        See Hilton, Paris.

        • Paul

          I love that line! Use it every time I hear a whine about the death tax, FFS.

      • Resistance Ftr PuckStopsHere

        Except for how the whole working 4 (min wage) jobs is “uniquely American” part.

  • aureolaborealis

    They’re just trying to free all those rich-people’s Ameros, which have been cruelly enslaved by the boot heel of Big Government on their necks, while lazy atheist dope-smoking Mexican illegals rape their grandmas and steal everyone’s jerbs.
    LET FREEDOM RING, I say.

    • Crystalclear12

      Needs more caps lock. Also, it seems you spelled everything correctly.

  • schmannity

    But the estate tax is going to cut into Donnie Jr.’s prison commissary allowance!

    • PigsDoFly

      You only are allowed $100 a week.

      • aureolaborealis

        Listen to the man.

  • UncleTravelingMatt

    I can’t get past her wind-blown cape.

  • armed_bears

    The Armed Bears’ Death Tax Proposal: Make the baseline $50 million, not $5.5 million, and index it each year for inflation. Republicans will still oppose it.

    It’s not even the top 0.2% they are protecting: It is the top 0.045% (or so) they are catering to. In 2017, that is an estimated population of just 5,480 impacted returns.

  • Comrade Trump has probably learned from his Russian oligarch friends, lenders, and mafia contacts the importance of maintaining wealth inequality.

  • lucidamente

    When Donald Trump shuffles off this mortal coil, can’t wait to see how he’s divided up his stuff among three wives and five children, and who’ll be first to contest the will.

    • JustPixelz (((Ω)))

      It’s all going to Ivanka.

      • lucidamente

        And Melania will just take that lying down, which is how she became wife number three.

        • Msgr_MΩment

          I thought it was about fitting under the desk while hunched over.

      • kareemachan

        ‘To my darling daughter Iwanka, the only one who loved me like I deserved.’

    • UncleTravelingMatt

      Some of his creditors might finally get paid.

      • I do believe creditors >>>> then heirs for outstanding debts.

        • FlownΩver

          Some states mandate a survivor’s allowance off the top. Usually about enough to cover tonight’s appetizer for this bunch.

    • Doug Langley

      Place yer betz on how fast they drop their smiles and friendly demeanor.

  • CindyinEncinitas
  • PigsDoFly

    This is a terrible estate of affairs.

    (Someone had to make that pun eventually so I figured I’d be the one everyone hates on this post)

    • Msgr_MΩment

      That does it. You’re on probateion.

      • PigsDoFly

        Some one HAD to.

    • Rags

      I didn’t have the will.

    • Doug Langley

      Your courage will not be forgotten.

  • NotDarkYet

    Why do I keep reading/saying Steven Munchkin instead of Steven Mnuchin?

    I’ll blame my evil brain.

    • Msgr_MΩment

      “MNUCHIN”. Rhymes with Douche-In.

      • Opalescent Riddles

        And prostitution.

    • JustPixelz (((Ω)))

      Things like this didn’t happen when Obama was our beloved POTUS

    • schmannity

      We represent, the billionaires’ guild, the billionaires’ guild, the billionaires’ guild. . .

    • Villago Delenda Est

      I do it too. Guy deserves it for his hatred of vowels.

    • Steven Nochin

    • Joe Beese

      I don’t see how anyone couldn’t.

  • MynameisBlarney

    But…but…isn’t that what they planned all along?

    To prove that govt. doesn’t work by being incompetent and corrupt?

    https://www.nytimes.com/2017/07/12/us/politics/republicans-health-care-senate-recess.html?_r=0

    • TJ Barke

      The government is broken, elect me and I’ll make sure of it.

  • Villago Delenda Est

    The Estate Tax for people named “Koch”, “DeVos”, “Mercer”, “Walton” and “Trump” should be 150%.

  • SayItWithWookies

    It seems like such a small amount of the general revenue – couldn’t it be replaced by, say, a ten percent tax on food stamps?

    • ariel_gee_398

      That’s in the pipeline. They want to tax retailers that accept food stamps – a fee for the luxury of participating in the program. Now, since retailers usually don’t just absorb cost increases like that, the reality is that it will effectively be a tax on food stamps. Either that or vendors stop participating in the program and poor people can’t eat. Win win?

  • jesterpunk

    Those poor rich kids pulled themselves up by their bootstraps and took personal responsibility to be born rich, why should they have to pay any taxes?

  • kareemachan

    How did they make Melanoma’s dress do that? If they had a wind machine going, I’m sure drumpster’s hair would have been on Barron’s head.

    Anyway totally O/T, but the first I read about it:

    https://www.dailykos.com/stories/2017/7/11/1679869/-Don-t-look-now-but-Democrats-just-flipped-two-more-seats-from-red-to-blue-tonight

    This was in Oklahoma – omg!

    • Joe Beese
      • clubseal

        I would love to make a false flag joke, but the joke portion of my brain is a slow starter today.

        • FlownΩver

          Protip: The appropriate form for Teh Wonket in such circumstances would be “Something something false flag.”

    • No one is paying attention to those silly, those are only local and states. PFT.
      Everyone knows it is winning special elections with no time to field or fund raise in all red districts that count!

    • PubOption

      Could be a piece of coathanger wire running from her neck to the hem.

    • Nockular cavity

      “See? Is nice breeze now. Like have wind machine on wife’s shower-curtain dress, yes?”

      “But did you have to throw my tax attorney out the winow…”

      “Mr. Trump, what point we just go over?”

      “Right, sorry, Fyodor. I’ll shut up.”

  • TJ Barke

    I dreamed I saw Joe Hill last night…

  • Mr. Blobfish

    So, the kid plays with toy limousines. Sez a lot.

    • Plays, has placed before him for staged photographs, tomayto, tomahto.
      This picture to me is ridiculously sad. Dad looks uncomfy to even be there. Kid looks like he wants to cry. Mom and Dad are as far from kid as they can get and still be in the same picture.

      Edit: Also the plant on the right side is fake

      • Nockular cavity

        That picture looks like Barrrrrron and Melanoma were photographed elsewhere and photoshopped in. Only Donnie was in the actual room.

      • Thiazin Red

        That one looks to me like they were all Photoshopped in from different pictures.

        • NotDarkYet

          Apparently, Melania was in a place that had rather heavy wind gusts … how else can you explain that … uh … curtain (shower/window?) she’s wearing to fly up like that?

          Also, too: there’s simply not enough gold in that room.

  • Jo Mathie

    That photo of the Trumps is so strange. Why is Melania wearing a pink curtain? Why can’t Donald understand how ties work, and can someone rescue Barron who looks constantly like he’s five minutes of throwing himself the nearest tall building?

    • That’s not even the Trumps. They are all body doubles, trump is 280 lbs and Malaria is like 45.

    • PubOption

      He has a Barron existence.

    • ariel_gee_398

      I zoomed in on Melania’s face. Are we sure that’s not a body double, because it doesn’t look much like her.

      • Jlow and a Young Elija Woods?

        • A Groucho Marxist

          Andy Serkis as both?

      • No it is her. She has had quite a bit of tucks and lifts as ladies are wont to do when they are no longer 28 or so.

      • Msgr_MΩment

        Her wax figure replacement. He only brings her out of the humidor for rare occasions.

    • Oblios_Cap

      I find that lion quite disturbing.

      • FlownΩver

        Certainly no Lion of Cuteness.

  • Spotts1701, Nothingburger Chef

    New rule: If you’re wealthy enough that your grandchildren’s grandchildren will never have to work an honest day in their lives, you pay the tax.

  • Jamoche

    https://consumerist.com/2017/07/12/here-are-the-14-trump-hotels-affected-by-companys-latest-hack-attack-what-you-can-do-about-it/
    “Here Are The 14 Trump Hotels Affected By Company’s Latest Hack Attack & What You Can Do About It”

    Snigger, because like hell would I be caught dead in one of those places?

    The investigation found that hackers obtained access first to Trump Hotels-related payment card and other reservation information on Aug. 10, 2016, and continued to access it through March 9, 2017.

    The company says it’s working with Sabre — which has “engaged a leading cybersecurity firm” — to address the issue.

    Oh, definitely snigger.

    • Not snigger, some companies have events there and are therefore employees forced to be there.

      • Zippy W Pinhead

        I stay at the Vegas property every year because my employer worked a group rate with them (and it’s kind of hard to find a hotel in Vegas NOT owned by an asshole)

        • FlownΩver

          How true. You are absolved.

    • mmmm leading security firm. Wonder if that is where Rudy is?

  • Joe Beese

    Frank Rich:

    Wasn’t it only yesterday that we were reading those pieces about the wily legislative genius of Mitch McConnell? Trapping the Senate in Washington is not going to lead to the passage of the latest rewrite of the Senate health-care bill (whatever is in it). What we are likely to get instead is two weeks’ worth of television shots of Republican senators scurrying down the halls or shutting their office doors to escape reporters. Other things not happening this summer: tax reform, an infrastructure initiative, or the raising of the federal debt ceiling. The vacuum will be filled by the steady drip, if not flood, of White House revelations that neither the president nor his Capitol Hill enablers, apologists, and collaborators can stop.

    If McConnell were really canny, what he’d be doing right now is gaming out how his party will respond to the next looming constitutional crisis: Trump’s inevitable version of the Saturday Night Massacre, in which Robert Mueller is fired, and Rod Rosenstein along with him. For all of us, a little perspective is in order. Little Donald is not the story here any more than G. Gordon Liddy and those third-rate burglars were the story in Watergate. We are likely to reach a point when this week’s firestorm will be remembered mainly as a warm-up for conflagrations yet to come.

    http://nymag.com/daily/intelligencer/2017/07/watching-the-downfall-of-a-presidency-in-real-time.html

    • Zippy W Pinhead

      that is a very good point- the moment that Mueller makes enough headway to back the boy king into the corner, he will do to Mueller what Joffrey did to Ned Stark. We all know it’s coming, but the GOP will plant their heads firmly up their asses and pretend not to notice the blatant treason

      • Lord Jim

        And the House subcommitte has already said that they will simply rehire Mueller and start over again. Then Drumpf will have implicated himself on account of the firing, the thing that spelled the doom of Richard Nixon.

        • Zippy W Pinhead

          the House subcommittee chaired by a Republican? Good luck wit dat. I know Schiff says he will, but he’s not the ranking member, nor chair.

  • Vecchioivan

    Won’t somebody think of the trust fund babies?!!

    • natoslug

      Oh, I am. I’m thinking they’ll be tender and juicy if/when this whole American Experiment fails.

      • eka

        if? when?

        • natoslug

          Call me crazy, but I’m still holding out hope for the GOP being forced to work FOR America and things getting back to relative normalcy. Okay, yes, I’m crazy.

          • eka

            you poor thing. when your best hopes are lindsay graham and john mccain … well, life is sad.

    • Pre-Existing Condition Jack

      Those dressage horses aren’t going to shoe themselves.

  • natoslug

    I won’t ever have to worry about the estate tax — my parents said they’re leaving it all to the dogs. So I have that going for me.

    • PigsDoFly

      My mom said I’d just blow it.

      • natoslug

        My mom plans on outliving me. I showed her the actuarial charts, and she just reminded me that she had me young, and that while the men on both sides of the family tend to live into their 80’s, the women usually hit their mid to upper 90’s before croaking.

    • Spotts1701, Nothingburger Chef

      But won’t you have to take care of the dogs?

      • natoslug

        No. Enough taxidermy jokes, and the grandkids were assigned that duty.

    • eka

      my parents plan on leaving stuff to their kids, but will probably find a way to write it into their wills that I have to pay the estate tax for my brother.

    • Zippy W Pinhead

      your mother is Leona Helmsley?

  • elviouslyqueer

    I’m sorry, I couldn’t hear the article over all that INCREDIBLY loud tackorama.

    • BadKitty904

      Apt that Trump should live in a Tehran whore house, circa 1980.

      • FlownΩver

        Can I get a “Meow”?

        • BadKitty904

          Me-OW!!1!

    • capnkrunch

      Seriously. Can you imagine living in a place like that? I would never feel comfortable.

      • (((fka_donnie_d)))

        Like I always say, I don’t want the maserati. Where would I park it?

  • Resistance Fighter Callyson

    So the swamp had to be drained to make room for the grifters. MAGA!!!

    https://uploads.disquscdn.com/images/68abdcd39a2a5d11bd6a3930381af103abdd3b422d1fcf4e83a7427a7f2c9ad4.jpg

    • When you drain swamps, you wind up with plague.

      • Mystery_Poster

        Or bottom feeding scum-suckers.

  • Ryan Denniston

    “So probably not a lot of ordinary folks having to sell off Bossy the Cow or Screech the fax machine to pay their estate taxes.”

    Can’t sell Bossie the cow anyway; if a farm is making that much money, they aren’t primarily farming legal crops, and they need the cow as cover.

  • BadKitty904
    • Zippy W Pinhead

      they’re such fucking idjits

      • BadKitty904

        I continue to be astounded by a group that works so very HARD against its own best interests.

        • Zippy W Pinhead

          It’s absolutely gobsmacking how gullible and stupid that they are. If you put a thousand people into a room, less than TWO of them would be subject to this tax. And despite the fact that those two people have nearly as much money as half the people in the room put together, several hundred of those fucking morons will go to the mat to fight the idea of those two having to pay a little more to keep the lights on, even though that means that those several hundred people will now have to pull more money out of their own meager savings to make up the difference or let the bills go unpaid. There really are no words to describe just how incredibly dumb they are…

          • BadKitty904

            This is why I get so frustrated with the Dems who keeping saying “Let’s try to educate the Repugs and persuade them to join us.” These people are not subject to logic or reason – we are NEVER, by any means or in any way whatsoever, going to change their minds.

            So, let’s stop wasting our time and work around them to save our nation. They’re a doomed demographic and, as the majority, we don’t require their cooperation.

          • Zippy W Pinhead

            I’m OK with trying to educate them as a side effort; you’ll probably pick off a few of the smarter ones. But for God’s sake don’t count on it in any meaningful numbers and don’t change who and what you are to try to woo their dumb asses.

          • BadKitty904

            Maybe after we’ve broken the GOP’s death-grip on Congress. Priorities, man…

          • Claire

            You know what would be better than educating them on this topic? Commercials with Drunk Lindsay Lohan, Paris Hilton wearing a “don’t be poor” t-shirt, and obnoxious millennial trust fund babies on yachts waving beers and yelling “Thanks, poor people!” Know-nothing conservatives hate millennials. Even if they are millennials.

          • Ginnie Sack

            I actually think this would work.

          • Vagenda of Rebel Scum

            Even if you’re a stoopid libertarian and you believe in a truly merit based society, what right should you have to pass your property on to your dissolute heirs? They did nothing to earn it. Aren’t you just encouraging the creation of a parasitical nobility?

          • mardam422

            But I have a Powerball ticket for tonight. I don’t want the gummint takin’ any more of my money.

          • Zippy W Pinhead

            Unfortunately, it a combination of the temporarily embarrassed millionaire syndrome and the fact that many of these morons don’t mind the bills going unpaid because they think we are spending too much on “those people” and can afford to cut back. The combination of delusional fantasies of imminent wealth and the chance to shit on minorities has driven poor whites to voluntarily stick their heads in the yoke since the foundation of this country. How else did they manage to convince millions of dirt poor confederate soldiers to fight for a handful of wealthy plantation owners?

          • Lord Jim

            It’s depressingly easy. The political class, which is largely a retainer class of the superwealthy, execute a simple divide-and-conquer strategy: white people against brown people, the dirt-poor against the working poor, city folks against country folks, Yankee fans vs. Giants fans, etc, etc. So the peasants continue to fight each other while the feudal lords suck the life out of all of them.

          • Zippy W Pinhead

            and it works devastatingly well, because these people are morons

          • Meanwhile, those two would have no qualms about laying off the other 998 in order to boost their stock portfolio by half-a-cent.

          • FlownΩver

            But… but… Jerb Creators! Bow down!

      • not much in the way of fuscking going on if their demographics are shrinking….

        • Zippy W Pinhead

          we can only hope- but somehow the promise of them all getting old and disappearing never materializes- the stupidity must be contagious…

        • BadKitty904

          Not fast enough.

        • FlownΩver

          Which kind of makes the point. The gazillions left over after the tax is paid should be more than enough to set up a few offspring for a few generations.

      • Msgr_MΩment

        and not very useful.

    • I demand a tax on cartoon frogs and anime porn.

      • BadKitty904

        Hey, it’d be a start…

        • Lord Jim

          I imagine the taxing of anime porn alone would balance the federal budget.

          • BadKitty904

            Well, I couldn’t say, personally, but if you say so…

          • Lord Jim

            ;)

  • Oblios_Cap

    If the US were truly equal opportunity, then inheritance would go to the government and everyone would start out equal. Sort of.

  • Panika MCD

    why can’t these heirs pull themselves up by their golden bootstraps? they’ve gotten the best of everything in life which ostensibly includes education.

    • Vagenda of Rebel Scum

      It’s not good for them to have all that money anyway. Look at Don Jr.

      • Panika MCD

        look at his dad!

    • CindyinEncinitas

      Sometimes their parents are too busy jet-setting around to stick the kid in a school. Melanie Griffith grew up like that. Bless her heart. https://uploads.disquscdn.com/images/3561633a357248a7871981777518906d76857ed4c5d9dd4bbf8ce336e52873ff.jpg

    • They’ve also got dad’s “stupid” gene.

      • Panika MCD

        you mean all of the .18% have the same daddy?

        • There’s that aristocratic inbreeding thing… Hapsburg nose, Drumpf brain…

          • Panika MCD

            so the Gateses and the Jobses and the Dells and the Clintons and the Buffets all look like Drumpfs to you? because they’re all part of that .18%, too.

          • Bozilingus

            Nouveau riche. But some with class (Gates, Clintons, etc.).

          • Panika MCD

            just because they’re first generation rich people, doesn’t mean that your comment on all the .18% inheriting their dads’ stupid genes makes sense. otherwise you are calling Bill Gates, Bill Clinton, Warren Buffet, Steve Jobs and Michael Dell “dumb sperm havers”. maybe just say you got a little off topic and quit defending the comment?

          • We’ll see how the kids turn out.

          • Panika MCD

            so you’re still going with judging them before they’ve had a chance to turn out and amending later. bless your heart.

          • (((Aron)))

            I think the Habsburgs were known for their prognathus jaw ;)

            Hello, Charles II!

  • Msgr_MΩment

    NIST has announced that a basic unit of measurement, the RCH, has not been redefined, but rather renamed, in honor of the people whom this measure would benefit. RCH now stands for
    Red
    Cunt
    Heirs

  • MynameisBlarney
    • That boy just ain’t right in the head.

      • Vagenda and Pee-ara

        Colbert apologized to Eric Trump last night by saying “sorry we thought you were the dumb one.”

        • Debravhorton

          Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !pd168d:
          On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
          !pd168:
          ➽➽
          ➽➽;➽➽ http://GoogleFinancialJobsCash458MediaConnectionGetPay$97Hour ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★:::::!pd168l..,….

    • Doug Langley

      It’s like watching the witness crack under Perry Mason’s cross examination.

  • SisterArtemis

    I’m leaving Screech the Fax Machine to my grandkid – she’ll never figure it out.

    • (((Aron)))

      I LOVE fax machines. And I’m thirty.

      Yeah, I’m a weirdo that way.

  • Donkey Option

    Wouldn’t a small business be better handled by ensuring that it isn’t affected by the estate tax at all? I’m sure there a very few farms and businesses where the owner passes away suddenly, but, as a small business (FAMILY-OWNED!) co-owner, bringing in someone to help run things and slowly changing ownership over to them allows better continuity and a more effectively run business. I guess because my business is actually a business and requires the people working for it to actually, you know, work (except when commenting at Wonkette) I don’t understand the tribulations of rich people who own businesses and make money off of them but don’t do any of the actual labor to produce income.

    • TX Dept. of Space Tacos

      ” but, as a small business (FAMILY-OWNED!) co-owner, bringing in someone to help run things and slowly changing ownership over to them allows better continuity and a more effectively run business. ”

      we learned in one of my classes there’s a mechanism for this…i’m not a lawyer and I’m not giving legal advice, but maybe ask one about a trust “for management during lifetime.”

      This is my e.g. for that one: “A farmer who’s getting old and doesn’t want to run the farm on a day-to-day basis”

      BONUS: Apparently a trust can also be used “‘To reduce the incidence of inheritance taxes and gift taxes.’ If they’re held in trust, they’re not an inheritance or a gift.”

      Law is fun!

      • JustDon’tSaySortMyBalls

        Yup. Wifey and I have a trust set up. No businesses involved, but it’ll pretty much keep the survivor out of probate and still pass a few Ameros to offspring.

  • azeyote

    there was no need for words – the picture says it all –

  • Ginnie Sack

    I wonder if the toy limos come with little minimum wage driver action figures.

    • Nah, they all come with one tech “disruptor” action figure working on autonomous driving AI’s.

      • Old Man Yells at Cloud

        I want a self driving car. My Great-grandfather actually had one. He was functionally blind, but his horse knew how pull the buggy to town and back to the farm on its own.

    • mailman27

      Collect ’em all! Watch ’em be judged at the grocery store cuz they have to use food coupons to feed their families! Thrill as they go to their second jobs!!

  • Bozilingus

    I feel bad for little Barron. At least my rocking horse could rock.

    • Funny, though, you’d think that a guy whose son is riding a stuffed lion would have learned the proverb about riding a tiger.

    • Old Man Yells at Cloud

      At least my parents had ethics.

  • goonemeritus

    I will be telling my 90 year old Mother it is now safe for her to amass a substantial fortune safe in the knowledge that the government won’t steal it after her death.

  • Looking at that picture, all I gotta say is, all that gilt and not a single book in sight.

    • Snark Tank Full of Resistance

      Books are longer than 140 characters, and could never keep the attention of anyone in that clan.

    • Flashman

      … all that guilt

      Fixed that for you.

    • bookish

      Toy limousines, though.

  • Lyly Sirivong

    My head is spinning just looking at Stephen Mnuchin’s net worth. How can a Treasury Secretary have so much money ?

    • CripesAmighty

      2 words: Goldman. Sachs.

      • AnnieGetYerFun

        Alternatively: Gold. Mansacks.

      • Lyly Sirivong

        They’re really everywhere.

      • Zyxomma

        Goldmine Sacks.

    • Blackest Noobs

      O/T: he seems to have a face i like to punch A LOT…and that’s before he says his bullshit.

    • Wonder Woman.

  • SCK

    Fuck these assholes. If you’re worth more than $200 million when you die then your corpse should be burned publicly, your ashes scattered in a public space for all to piss on, and your money spread out evenly to the 50,000 poorest people in a 100 miles radius.

    How’s that for an estate tax?

    • FukuiSanYesOta

      Would that apply to lottery winners?

      • Bill O’Neil

        Most of them end up broke or close to it.

  • whitroth

    Ah, yes, “family farm”. Wonketteers, “family farmer” hasn’t been a “recognized job classification” since the 1990 Census, when it had fallen under 1.5% of the population. The folks I, personally, know with farms, one or more members of the family have full-time non-farm jobs.

    And the last living member of FDR’s Cabinet said in an interview on NPR in the early ’90s, before they sold out to become Faux News lite, said, in so many words, that the estate tax wasn’t only created to raise money, but to prevent a class of inherited money, like what the GOP used to call “old Europe” (presumably jealous of that).

    • marxalot

      You know who owns all the “family farms” now? Archer-Daniels-Midland and, for some reason, Ted Turner.

  • Bitter Scribe

    It’s not just that they lie about the estate tax, it’s that lots of low-info voters consider themselves future tycoons. Remember how Joe the Plumber got his 15 minutes in 2008, by buttonholing Obama to bitch about taxes he would never have had to pay on money he was never going to earn?

    • AnnieGetYerFun

      Yes, the temporarily embarrassed millionaire thing.

  • marxalot

    Eat the rich.

    • MOG253

      No, not enough fat , on most them, too stringy.

  • Seriously why do Donald’s ties and posture always protect his dick? Even when he’s relatively thin and posing next to his kid’s toy limos.

    • David Chaillou

      Who’s the escort girl standing next to Trump?

      • Old Man Yells at Cloud

        One of his #PeeHookers, no doubt.

    • redblack

      and have you ever noticed that trump only wears english/euro-striped ties, and never american-striped ties?

      what a dick.

  • My brother’s boyfriend’s father is a classic example of this. He voted for Trump because he hates the estate tax, and he’s a retired US Marshall. Which is cool and all, but like, you’re a pensioned mid-level government employee, not a fucking Rothschild? He’s also the only example I’ve personally met of someone who likes the Affordable Care Act—because it pays for his mentally ill son’s therapy and medication, via the Medicaid expansion—but hates Obamacare. He literally did not know they are the same thing.

    • Bill O’Neil

      That is the problem. Trump depends on his supporters to be too stupid to know the facts about any issue.

    • Old Man Yells at Cloud

      And that is why Obama failed on it. He did not learn the lesson of HillaryCare. By allowing his name to be tied to it, it provided the republicans with an instant way to get the base to hate it without having to have a reason. It should have been Americare. What god fearin’, red blooded, commie hatin’ gun and bible clutchin’ ‘Mercin would oppose “Americare”? It has America right there in the name!

      • Snopes Shop

        Not he sure he “allowed” it, but I get what you’re saying.

  • pgjack

    The Estate Tax drivel has been one of the biggest lines of bullshit spewed by Republicans for a generation. That GOP voters eat that bullshit like honey coated whipped cream is pathetic. If Munchkin or whatever his name is has to pay $100,000,000 of his $621,000,000 in taxes how poor will his children be? They’l only have $521,000,000 to piss away. Any American other than the tiny percent of folks who actually pay this tax that supports this crap is an idiot and deserves to eat his or her dinner from the seat on Trump’s gold plated toilet.

  • greyXstar

    Wall to wall beige carpeting. As if these cretins weren’t tacky enough.

  • Daniel Hooper

    I remember reading about the estate tax in Al Franken’s book(Pretty sure it was in Rush Limbaugh Is A Big Dumb Idiot) and thinking how stupid it was that this was a huge concern for a majority of Republicans, and I was in high school at the time. Guess things haven’t changed…

  • Komsumverweigerer Ron

    funny you mention it, dok, i do have a comic book collection. was that a hint?

  • unionthuggery

    The rest of us just wish we had enough money/assets to have to worry about the estate tax.

  • because aren’t the super-rich already burdened enough?

    I’m always baffled when people living check-to-check say this unironically.

  • Ilgattomorte

    Goldammit It! I ain’t want no taxes on my estate. I done put together a house, $355.00 dollars, 2 cows, an’ an X-Box. If’n we don’t repeal the estate tax my heirs ain’t gonna got their damn X-Box.

    Fuck th’ govenment, day don’t git my X-Box. Goldamn-a-fuck! That fuckin’ goberment ain’t taking my goldamn cows, or my $355 dollars. Fuck dat death tax! An’ fuck you liberals. Ain’t none ‘o ya know da truth!

    Jesus-tap-dancin’-Christ! I hates stupid people

    • FlownΩver

      Think you nailed it there.

    • Old Man Yells at Cloud

      The good thing about estate tax is you don’t pay estate tax on your estate. The bad thing is that’s because you’re dead.

  • martin xl

    That’s 5.5 million per person. Husband and Wife can shelter nearly 11 million. And its adjusted for inflation each year. The current exemption is the highest exemption level since estate taxation began. Rich taxpayers in the Reagan era paid much more estate tax.

  • Old Man Yells at Cloud

    The right way to do it is to not tax above a total estate but tax above an amount inherited. For example, if the cap were set it at $10M, then Bill Gates could give his money away without estate tax as long as he gave it to his closest 8910 closest relatives and friends. If he left the whole thing to his kids then tax it. It seems like a great compromise. You don’t pay it if you are willing to share the wealth instead of turning your kids into total arrogant assholes (i.e. Trumps/Hiltons/Kochs, etc) who’s sole accomplishment in life is winning the DNA lottery.

    • KenHoughton

      Otherwise known as “how things are done now.”

  • Debravhorton

    Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !pd168d:
    On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
    !pd168:
    ➽➽
    ➽➽;➽➽ http://GoogleFinancialJobsCash458MediaConnectionGetPay$97Hour ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★:::::!pd168l..,…..

  • Donna Schoenkopf

    I ALWAYS get good information from you, Doktor Zoom. This one’s really good. (Heh, Screech the fax machine.)

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