Posted on 07/16/2010 9:09:51 AM PDT by Arcy
"...taxpayers don’t want the IRS to confiscate huge portions of what has been saved and invested over lifetimes of hard work.
“You don’t know whether to commit suicide or just go on living and working,” says Eugene Sukup, an outspoken critic of the estate tax and the founder of Sukup Manufacturing, a maker of grain bins that employs 450 people in Sheffield, Iowa. Born in Nebraska during the Dust Bowl, the 81-year-old Mr. Sukup is a National Guard veteran and high school graduate who founded his firm, which now owns more than 70 patents, with $15,000 in 1963. He says his estate taxes, which would be zero this year, could be more that $15 million if he were to die next year. …Estate planners and doctors caution against making life-and-death decisions based on money. Yet many people ignore that advice. Robert Teague, a pulmonologist who ran a chronic ventilator facility at a Houston hospital for two decades, found that money regularly figured in end-of-life decisions. “In about 10% of the cases I handled at any one time, financial considerations came into play,” he says. In 2009, more than a few dying people struggled to live into 2010 in hopes of preserving assets for their heirs. Clara Laub, a widow who helped her husband build a Fresno, Calif., grape farm from 20 acres into more than 900 acres worth several million dollars, was diagnosed with advanced cancer in October, 2009. Her daughter Debbie Jacobsen, who helps run the farm, says her mother struggled to live past December and died on New Year’s morning: “She made my son promise to tell her the date and time every day, even if we wouldn’t,” Mrs. Jacobsen says. …Mr. Aucutt, who has practiced estate-tax law for 35 years, expects to see “truly gruesome” cases toward the end of the year, given the huge difference between 2010 and 2011 rates.
The obvious question, of course, is whether politicians will allow the tax to be reinstated. The answer is almost certainly yes, but it’s also going to be interesting to see if they try to impose the tax retroactively on people who died this year.
Democrat: The party of death.
suicide? wouldn’t it be easier to just collect welfare and watch Oprah?
“The obvious question, of course, is whether politicians will allow the tax to be reinstated. The answer is almost certainly yes, but it’s also going to be interesting to see if they try to impose the tax retroactively on people who died this year.”
Can’t think of an serving POS in DC that gives a shit about us or what happens to us...if they did, the ones screwing us would be getting attacked by those who care...and I don’t see anyone with their hair on fire. Do YOU?
Dump these chumps.
That a lot of reasons to not take the estate planners/doctors advice.
Make taxes retroactive...............it’s happened before. Given the Steinbrenner estate I think we can count on it being made effective for 2010.
I considered strapping a “Never lived under Communism” sign to myself and taking a can of gasoline to a busy street corner back between 11/08 and 1/09.
I’d still do it if I thought it would make a useful difference to Lady Liberty.
Yet, under Bush with four years of GOP control of the House and Senate they never made these cuts permanent.
They'll even dig you up to pull out your gold fillings and steal your wedding ring if they get half a chance.
This is part of Obama’s health care plan; it leaves fewer people to serve and take benefits from others.
His economic plan is to destroy the economy in order to stop giving aliens the reason to cross borders into the U.S. It is working well.
The kenyan has no problem with suicide by old people. Living long enough to “benefit” from Obamacare will put an end to you anyway. May as well try and help younger family members live as good a life as allowed by these Marxist SOB’s!
Just go on living and working, Mr. Sukup.
/johnny
Instead of giving up and dying before their time, I wish they and those who would benefit from their estates would use resources to fight against Obama, the Democrats and the RINOs who never made the tax reduction permanent.
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