Bullitt
12-13-2009, 02:45 PM
It isn't worth it for savers to die, but hey, somebody has to offset the unproductive deadbeats who check out daily with $50K of credit card debt.
On Jan. 1, the death tax will finally be repealed. But relief from this onerous tax won’t be long. It will return with a vengeance in 2011 with a rate of 55% and an exemption amount of just $1 million. This is the perverse result of the Byzantine budget rules under which Congress is forced to operate, where spending programs are automatically assumed to continue forever and tax relief is assumed to be temporary.http://www.forbes.com/2009/12/12/death-tax-inheritance-congress-opinions-contributors-jon-kyl.html
On Jan. 1, the death tax will finally be repealed. But relief from this onerous tax won’t be long. It will return with a vengeance in 2011 with a rate of 55% and an exemption amount of just $1 million. This is the perverse result of the Byzantine budget rules under which Congress is forced to operate, where spending programs are automatically assumed to continue forever and tax relief is assumed to be temporary.http://www.forbes.com/2009/12/12/death-tax-inheritance-congress-opinions-contributors-jon-kyl.html