Replies to This Discussion

Permalink Reply by intrepid on March 12, 2009 at 5:02

All that talk about being open and upfront with Americans just flew out the window didn't it?

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Permalink Reply by Wolverine on March 12, 2009 at 5:50

intrepid, lmao

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Permalink Reply by intrepid on March 12, 2009 at 14:38

Well, Obama has opened every window in the White House and has started throwing every campaign promise he made out. So why not that one?

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Permalink Reply by Grillin' - MmmMmm on March 12, 2009 at 11:05

Remember, talk is cheap, especially when its on the campaign trail. Backing up the talk is always hard. Of course, the old rule of thumb might come into play:

If a politician's lips are moving, you can bet he's lieing!

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Permalink Reply by Spring Branch,mineral owner on March 12, 2009 at 16:14

We need to all participate in the "Washington Tea Party" and send a bag of tea!

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Permalink Reply by Cathaus on March 12, 2009 at 16:57

Jim,
When I die, the taxes aren't going to affect me at all!

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Permalink Reply by Mr Hanky on March 12, 2009 at 17:44

No, but when someone with a taxable estate dies, and their heirs are forced to sell the decedent's business to pay death taxes, the (non-wealthy) employees who lose their jobs also suffer.

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Permalink Reply by Sue on March 13, 2009 at 2:42

Who can afford life insurance policy ?

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Permalink Reply by Bob on March 13, 2009 at 2:09

Well, if that person hadn't held onto her wealth throughout her lifetime and had paid transfer taxes all along, then not only would more people be working, but no one would lose their jobs. The death tax is so misunderstood. A friend of mind is a CPA and former IRS; I listen to him before I listen to anonymous naysayers.

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Permalink Reply by Mr Hanky on March 12, 2009 at 17:45

The estate and gift tax exemptions are coordinated. Thus, if you give away $1 million during life, that would reduce your estate tax exemption to $2.5 million.

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Permalink Reply by Jay Murrell on March 13, 2009 at 1:54

Well said.

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Permalink Reply by Bob on March 13, 2009 at 2:10

Because they didn't pay taxes all along. They amassed assets and just held onto them

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