Bad news on the death tax (user search)
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  Bad news on the death tax (search mode)
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Author Topic: Bad news on the death tax  (Read 1028 times)
A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« on: May 26, 2005, 02:36:56 PM »
The Senate is apparently considering a mere rate reduction to 15% with higher deductions and an increase in the cost basis.

The House version abolished it completely. Why can't a tax ever die? Damn filibuster.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #1 on: May 28, 2005, 10:58:18 AM »
By the way, we're falling behind other nations in economic freedom. Australia and New Zealand repealed theirs. So have former communist nations Slovakia and Bulgaria. Sweden also killed it.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #2 on: May 28, 2005, 11:49:30 AM »
Quote from: Born on the Floor on May 28, 2005, 11:42:49 AM
Good. Paris Hilton doesn't need a tax break.

The rate right now is over 45%. The right after this will be 15%. So that is a tax brake.

Second, quit trying to tell parents everywhere what to do with the money they earned.

Third, the death tax is terrible for small business.

Basically, instead of curing cancer, we're going to eliminate some of it, and just wait around and hope it doesn't spread.
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