How about all estates paying the same rate as Ted Kennedy’s estate pays? I remember the YouTube video of someone cornering him and asking about all his family trusts. Classic.
Proving yet again that “bipartsanship” to Democrats is a 70/30 deal in their favor.
Maybe it’s time to say “screw it” and pull R support and let Obama carry his own water with his own party. I don know...keeping the Bush tax rates is the right thing for American families, but not at ANY cost.
We should be getting MORE not less out of this deal.
what makes Government think it is so entitled?
I really believe the republicans just threw OZERO a life line....There was to be NO compromise, and they failed to heed the voice of the people. If the pubs would have kept their promise, OFOOL and the RATS would have sunk quicker than the titanic in the ocean of public approval! The snake grew another head and this one is going to be extremely dangerous with the help of the mediaWHORES of course! I for one am very disappointed! Forget men for they shall fail you, BUT God will always be there...”KEEP YOUR EYES SOLELY FOCUSED ON THE LORD AT ALL TIMES”!
No deal if any changes.
Wait to January when we have power.
Yeah, because not confiscating assets from dead people would cost the government money.
Democrats: Not happy until they get the quarters off the dead man’s eyes.
I have never won anything but peanut money from a lottery. However it has always bugged me as to by what rights does the government have to take someones winnings which the government had no part in except by the wildest of social stretching? The point being that government should never extract from persons that for which the person did not get government services.
We should not be negotiating with the enemies within that promote Marxism
Let me tell anyone here how it feels to have just got slammed with this:
My dad died and left our family business in 1997. There were almost no estate exemptions then and we had to sell the businesses eventually to pay the then 50 or 55% tax...
Flash forward to 2008. My mom dies. She had some exemptions. and had gifted some college money to her grandkids.
Her tax bill was 1.4 million over the exemption. She left a life insurance policy of 850,000. I had to leverage my business to satisfy the taxes or the government would have simply seized and auctioned some properties which we had to sell anyhow.
All this was valued at time of death when values were still fairly high. All those assets ..land, vacation home, bank stock are worth about 50% today what they were then.
Long story short. Death taxes cost her heirs around 2M net versus 2010 or today’s deal which would have put us near or under the exemption ...
and I’m still left owing some death tax a little....
it’s a good thing I have several of my own ventures too but I’ve milked them to pay Uncle Sam..
it’s a damn racket...and we fell right on the line ...just above total exemption levels to get pinched...someoene with 10-20 million or truly rich could still be rich
you get taxed like this and you are just above the line and you basically get your family wealth snuffed
now I better figure out how to protect my family better and I’m not a fraction the success my dad is....you know how....put all you can in your kids names and don’t get a fancy CPA looking to cover his ass first....just do things slow and careful...in 20 years...nobody will know the difference
rant off/...it’s been a nightmare....God bless my folks ..my dad did not work hard all his life to leave most of it to an entitlement society but sadly that is about what happened
it chaps me to see billionaires claim it’s just fine to strip my family’s fortune to pay for a bloated government which is killing America when they can clip off 50% and still have more money than God.
2 million for them is yearly jet charter change, for us it was a cornerstone for a jumpstart for grandkids
Will just one Liberal explain the need to tax someone upon death? After all, taxes have been paid for years on that earned income and capital gains, why is there a need to tax even more on the same money? Could it be Liberal greed and simply the transfer of wealth?
The right needs to institute a policy of ZERO TOLERANCE FOR MARXISTS IN CONGRESS.
CPC members need to be hunted down like the degenerate communist animals they are and jailed for subversion and grand theft.
Letting these people walk around as if they are ordinary Americans is a serious mistake.