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To: SeekAndFind

I thought it automatically renewed?

If not Kyle needs to be defeated.


3 posted on 07/14/2010 11:53:12 AM PDT by edcoil (OK, so what's the speed of dark?)
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To: edcoil

The estate tax comes back in 2011 with an exemption amount of $1 million. Kyle wants to raise that to $3.5 million which is where it was last year. He should be commended not defeated.


5 posted on 07/14/2010 11:56:21 AM PDT by Busywhiskers ("Once you have wrestled, everything else in life is easy" -Dan Gable)
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To: edcoil

RE: I thought it automatically renewed?


Without action, under current law the tax will rise to 55 percent, with an exemption level of $1 million.

Kyl and Lincoln want to make it less onerous (see their proposal above).

I disagree with them of course. I want it SCRAPPED altogether, permanently.


6 posted on 07/14/2010 11:57:08 AM PDT by SeekAndFind
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To: edcoil

The headline is not accurate. Unless a new law is passed, the estate tax next year will take 55% of the fair market value of a decedent’s estate above a $1 Million exemption.


14 posted on 07/14/2010 12:03:11 PM PDT by Mr. Lucky
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To: edcoil
If not Kyle needs to be defeated.

He needs to be defeated regardless!

28 posted on 07/14/2010 12:58:23 PM PDT by Titus Quinctius Cincinnatus (The success of Darwinism was accompanied by a decline in scientific integrity. - Dr. Wm R. Thompson)
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