";Under current law, if someone inherits a $5 million estate in 2009, they would pay $675,000 in federal estate taxes, according to an analysis by Deloitte Tax. In 2010, they would pay no estate tax but the estate would be subject to a 15 percent capital gains tax. If they inherit the $5 million estate in 2011, they would pay $2,045,000 in estate taxes, according to the analysis."...and according to what the current Democrat Congress is proposing...
- But, I still think it is unconscionable that the Gov't could take about 50% of what you worked for and intended to leave to your Family...!@#$%...
Of course, Rich people can make Plans to get around this, but, is a $5 million Estate "RICH" in today's Society? Should it be necessary to have to "make Plans" to get around this Tax?
- The Democrats in Congress are setting the Bar @ $3.5 million for the Tax to take effect.
Does anyone else think this is Thievery?
4 comments:
NO...Tax the Rich and give it to me
NO.
YES!!! I can't stand this? This is crazy!!! We need Al Gore in the "Big Seat"... That guy invented the internet!
Not only is it the right thing to do..I am shocked at your reaction! Just because you got to keep 99% of you inheritance doesn't mean that we shouldn't review the tax laws every generation...geez Pea! Are you still living off the interest?
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