If You Are Going to Die You Better Do it Before Jan 1 2011

Discussion in 'Politics' started by KMAN, Sep 29, 2010.

  1. KMAN
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    KMAN Senior Member

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    Just a reminder...

    Life-or-death tax implications

    As repeal of the estate tax loomed at the end of 2009, wealthy families had an incentive to keep ailing parents or grandparents alive until Jan. 1. This year, in what sounds like an episode of Law & Order, heirs stand to benefit if wealthy benefactors die before midnight on Dec. 31. While outright homicide seems unlikely, estate-planning attorneys say they can envision situations in which the prospect of onerous estate taxes influences family members' decision to discontinue a relative's life support.

    It could also cause some wealthy people with terminal illnesses to hasten their own demise, Behrendt says. "The fact is that our tax laws are influencing people's decision to live or die."

    Estate tax to return in 2011, and it could hurt ordinary folks - USATODAY.com
     
  2. VaYank5150
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    VaYank5150 Gold Member

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    Maybe THESE are the death panels Caribou Barbie was fearmongering about?
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I plan on dying, but I am expecting another 80 years of life first.
     
  4. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    From your link:
     
  5. xotoxi
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    xotoxi Platinum Member

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    ANOTHER 80 years of life?

    You're 80???
     
  6. topspin
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    topspin BANNED

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    I'm not worried for you man, somehow I have your net worth under $3.5 mil
     
    • Thank You! Thank You! x 1
  7. polpotterybarn
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    polpotterybarn taylor gang or...........

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    Out of all the things conservatives whine about the estate tax might be the worst. It's been around for a long time and no one had any real problem with it until a republican strategist renamed it "death tax." Psych 101
     
  8. Chris
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    Chris Gold Member

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    The estate tax is a good thing.

    We need to bring it back as well as raising the top rate to 39% to reduce the deficit.
     
  9. Tom Clancy
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    Tom Clancy Clancy for Ron Paul

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    More Taxes!

    Less Prosperity for the people!

    Woot!
     
  10. Chris
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    Chris Gold Member

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    Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.

    Click on the link and follow the links to the Treasury website for proof...

    ReaganBushDebt.org
     

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