Obama Wants The Death Tax Increased to 60 Percent, More Taxes on College Savings

townhall.com ^ | 1/19/15 | Katie Pavlich

[NormsRevenge]

Yà can’t take it with ya.

Obama wants to make sure of that.

[Qwackertoo]

What a crook. Guess he needs all that tax money to pay for his amnesty and free community college Santa Claus programs.

[jdege]

Obama knows these have zero chance of passing. What he’s trying to do is to goad the GOP into doing something that the MSM can portray as being evil.

[Qwackertoo]

I don’t think I can watch tomorrow night. Unless I stop at the store today for a bottle of wine.

[Qwackertoo]

All the clapping and standing O’s by the D’s will be enough to make me sick.

We saved for our kids college. Like you are suppose to do.

[Abathar]

"Yessir!"

[aquila48]

Obviuosly his proposals ain’t going nowhere, so I wonder what his goal is in doing this. I guess it must be to put the repubs on the defensive?

[Pearls Before Swine]

The idea is to bypass the exemption.

When the estate is valued, full market value is used to check against the 5.3 million exemption. Anything over is taxed at 40%.

So, passing on the original value is the same as destroying the estate exemption.

[Duckdog]

All the clapping and standing O’s by the D’s will be enough to make me sick.

ABOUT A WASH TUB FULL.

[sickoflibs]

Obama promised us that just the Romney rich would pay for Obamacare.

[Rumplemeyer]

I see zero chance of this passing.

Any Congress Critter voting for this, if not in a safe seat, is a “dead man walking”. But even then...

[Duckdog]

Any time I hear him say tax the rich, my wallet screams, and I’m sure as hell not rich!

[Mears]

” Under the Obama plan, you have a capital gain of $110,000 (sales price of $120,000 less original basis of $10,000). “

—

There would still be no tax.

.

[SandRat]

Wine???

I’d need a big, 1 gallon corn stopper jug of High Test Appalachian Hill Moonshine.

[thackney]

It's a huge tax hike on family farms and small businesses.

BTTT

[Blood of Tyrants]

Elimination of inherited wealth is one of the planks of the Communist Manifesto.

[ProudFossil]

I don’t think I can watch tomorrow night. Unless I stop at the store today for a bottle of wine.

Hey I just laid in two bottles of 180 proof rum and a couple pounds of popcorn. But I think I will read a genealogy book on the family tree of Charlemagne instead. Of course I can still lose myself with the rum.

[mrsmith]

A stubborn remnant of the American middle class remains after all his work.
This tax on their employers and estates will, he hopes, finish them off.

[Dagnabitt]

The individual exemption for the estate tax is something like 5 million dollars. Unless that changes, I don’t see what this article is about.