Should some Oklahomans be exempt from the state's income tax?

[SoonerP226]

Nope. Gotta worry about estate taxes, too.

Not unless you have a huge estate (currently on the order of $12M, IIRC).

 

[alnpar]

I feel if your are 65 or older, and Retired, and no longer working. Then No tax on anything. No matter what state you live in.

 

[SoonerP226]

yep, also if you get a refund because you over payed its then also taxed.
I think thats whats caused a lot of the problems, the gov's got to much money.
voting should be in the same month as paying taxes, while is fresh on your mind.

If you want to fix income taxes, eliminate withholding and have taxpayers write a check to the tax man each payday.

 

[TerryMiller]

So the disabled who get .gov assistance shouldn't be asked to pay taxes? Then cut the assistance. That's a two way street. Nobody forced them to sign that line. They volunteered.

Not everyone. LOTS of folks today that were drafted, so they didn't entirely volunteer. It was either go to the military or go to jail or leave the country.

 

[BillM]

Not unless you have a huge estate (currently on the order of $12M, IIRC).

Last I heard it was $600k, and the state thinks my house is worth over $100k. They're trying to get me over the threshold regardless!

 

[TerryMiller]

Oh come on who has time videos.
Are you a he/him?

Let's see if you can figure it out.



Oh, and perhaps you should take some time for videos. Many of them are educational. They even teach stuff like history, you know, like learning that the NFA was made a law before us Boomers even were a beam in our daddy's eyes.

 

[SoonerP226]

Last I heard it was $600k, and the state thinks my house is worth over $100k. They're trying to get me over the threshold regardless!

Every reference I can find says Oklahoma is one of 38 states that has no estate tax, so estates in Oklahoma are only subject to the Federal death tax, which only applies to estates with a value exceeding a bit more than $12M. I'm currently dealing with my mother's estate, and I'm pretty sure the probate attorney told us the same thing.

 

[mahatma]

since when???? i inherited my aunts house 25 years ago and had to pay estate taxs...S

since when???? i inherited my aunts house 25 years ago and had to pay estate taxs...

During the years 2002 through 2009, the estate tax applicable exclusion amount was $1 million in 2002 and 2003, $1.5 million in 2004 and 2005, $2 million in 2006 through 2008, and $3.5 million in 2009.

 

[Seadog]

When I moved back to OK from AZ, I was surprised that groceries/food was taxed.

That was supposed to come to an end

 

[Seadog]

So the disabled who get .gov assistance shouldn't be asked to pay taxes? Then cut the assistance. That's a two way street. Nobody forced them to sign that line. They volunteered.

There are still quite a few Vietnam vets left that didn’t have a choice in it. Though not as many as they used to be.