Night of the Living Death Tax

[Landis82]

Quote from Lightningdog:

In other words, by raising the estate tax in the name of fairness, Mr. Obama won't merely bring back from the dead one of the most despised of all federal taxes, and not merely splinter many family-owned enterprises. He will also forfeit half the jobs he hopes to gain from his $787 billion stimulus bill. Maybe that's why the news of this unwise tax increase was hidden in a footnote.

http://online.wsj.com/article/SB123846422014872229.html#printMode

Only the truly IGNORANT are unaware that the Estate Tax expires with the Bush tax cuts. Yet, the author above implies that this is some sort of "secret" and is "hidden" in a footnote.

Get real.
It's law that was signed into legislation back in 2001.

 

[dcvtss]

Quote from 377OHMS:

Yeah the death tax sucks.

Can't we just give our kids our money and property before we die in a controlled way, like a trust that gives us permanent residency in our home until death but actual deeds the property to the trust?

Set up a charitable foundation and have your kids run it. That is how the actual rich people (billionaires) keep money in the family.

 

[TraderZones]

Quote from 34985347859:

because your parents didn't or don't have anything to pass onto you

NO

1) Because when they pass it on to me, if they had a lower income tax instead, they would have had a lot more money in their life and probably would have lived better instead of struggling, as many people and seniors do. I vote to let my parents have a better life over our worrying about taxes on my inheritance.

2) Generally, an inheritance is somewhat unexpected found money to most. Most people do fine without money from a rich uncle, parent, grandparent, sibling, etc. Keeping more of their income due to a lower tax would be what many people want. And when it comes, an inheritance is a bonus on top of everything. Getting only $200,000 instead of $280,000 will not hurt most people. They are still ahead. Many people never inherit anything of much value. Again, a lower income tax is what they would benefit the most from.

 

[NYC212]

Quote from TraderZones:

Getting only $200,000 instead of $280,000 will not hurt most people. . [/B]

I would like to get it over uncle sam.