- people that have been Unemployed for less than 99 weeks (that is just under 2 years)
The President also agreed that we should Raise the threshold on Estate Taxes from a $1million per Estate to a $5 million per Estate... Estate Taxes are those that the Guvment takes after your Parents Die & their worth is more than the Threshold...
- 2010 Threshold is $0.00 (this why so many Liberals believe George Steinbrenner's Family Killed him this year!). The Guvment would have gotten about $500 million if George had died Next Year! Instead, George's heirs got the $$$ that George & his Dad & Granddad earned in their Life Time.
The President agreed to raise the Threshold to $5 million & make the Tax ONLY 35% as opposed to the Democratic Party desire to raise this Estate Tax on your Assets that you earned & paid Taxes on to a Whopping 55% on anything your due to Inherit that is more than $1 million! Again, the President wants to make it $5 million and ONLY 35%, while Nancy Pelosi wants to make it 55% and anything over $1 million...
- The Democratic House is LIVID!!! over this...
Now, most people I know do not have a Net Worth of $1 million, let alone $5 million...But! In your own way aren't you striving for it? If you get there...and you have played by-the Rules...working hard, paying Taxes, being a productive citizen...would you want the Guvment to come Sweeping in after you are gone & take ANY % from your Heirs?
- I believe I have run out of Paper...thank goodness...Plus...I believe I have lost the interest of those w/ an Estate of less than $1 million...
4 comments:
You now have one comment on this political topic.. I don't have an inheritance, so therefore, this doesn't apply to me..Nor does it hold my interest as a topic of conversation or concern...forgive my apathy, though I do appreciate the attempt. Say g'nite Gracie!
Amen, Pea.
Very well put Pea. If the threshold is $1M or $5M once it takes effect it's only a matter of time before the threshold is lowered and the estate of middle america approaches the threshold. If your house is $250K, life insurance $250K, cars, secon d home etc and your'e at the threshold. Life i s may not be included; not sure.
But my point is once it's in it stays and gets bigger and eventually nets the little guy.
What did the govt do to deserve what a family has saved?
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