Comments on: Congress Considers Steep Death Tax Increase http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/ Tue, 14 Feb 2012 21:10:27 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Ron Andersen, Lincol http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-242447 Ron Andersen, Lincol Wed, 01 Dec 2010 22:57:23 +0000 http://www.foundry.org/?p=20371#comment-242447 How can help the many members of our families if the government takes over half of your wealth. It has already happened to our family to the tune of 55% or 6.4 million dollars before the reform, everything had to sold to pay the tax, what was left was split 6 ways and now the government wants more. It's not our fault the government can't manage money. Why make us pay each time a family member dies. It's just not right. A million dollars is not what it was in the early 1900's. Today it is less than what you need to have financial security within your family. i.e Husband - wife - children - 2 sets of parents - 2 sets of grandparents and many grandchildren if you lucky. The 1 million dollar CAP is a joke concidering our deflated dollar today. How can help the many members of our families if the government takes over half of your wealth. It has already happened to our family to the tune of 55% or 6.4 million dollars before the reform, everything had to sold to pay the tax, what was left was split 6 ways and now the government wants more. It's not our fault the government can't manage money. Why make us pay each time a family member dies. It's just not right. A million dollars is not what it was in the early 1900's. Today it is less than what you need to have financial security within your family. i.e Husband – wife – children – 2 sets of parents – 2 sets of grandparents and many grandchildren if you lucky. The 1 million dollar CAP is a joke concidering our deflated dollar today.

]]> By: Video: Estate Tax a Killer for Family-owned Businesses – Part 2 | Conservative Principles Now http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-73363 Video: Estate Tax a Killer for Family-owned Businesses – Part 2 | Conservative Principles Now Mon, 07 Dec 2009 04:32:03 +0000 http://www.foundry.org/?p=20371#comment-73363 [...] The U.S. House of Representatives will vote this week on a bill that would permanently extend the es... This extension would prevent the death tax from expiring as scheduled on January 1, 2010. As such it would be a significant tax increase. Before voting to extend the death tax, Congress should consider the devastating impact it has on family-owned businesses. [...] [...] The U.S. House of Representatives will vote this week on a bill that would permanently extend the es… This extension would prevent the death tax from expiring as scheduled on January 1, 2010. As such it would be a significant tax increase. Before voting to extend the death tax, Congress should consider the devastating impact it has on family-owned businesses. [...]

]]> By: michael f mccarthy http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-71959 michael f mccarthy Mon, 30 Nov 2009 15:50:04 +0000 http://www.foundry.org/?p=20371#comment-71959 It's a good time to die... if you own a fram, business or valuable stock. The "death tax" is scheduled to expire January 1, 2010 and spring back to "life" in 2011 with a top rate of 55% for anyone having wealth valued at more than $1 million. You have one year in which to die before your heirs have to sell half the farm, half your business equipment or half your stock portfolio to pay the estate tax. Even foreign investors will have to pay this tax. In anticipation of these taxes we can expect older farmers, businessmen and investors to start selling off their assets. Due to Obama-crat tax policies land values will decline as land sales increase; unemployment will increase with more business closures; and, stock values will decline in proportion to the number of people "retiring" from the market. Where is this analysis wrong? It's a good time to die… if you own a fram, business or valuable stock. The "death tax" is scheduled to expire January 1, 2010 and spring back to "life" in 2011 with a top rate of 55% for anyone having wealth valued at more than $1 million. You have one year in which to die before your heirs have to sell half the farm, half your business equipment or half your stock portfolio to pay the estate tax. Even foreign investors will have to pay this tax. In anticipation of these taxes we can expect older farmers, businessmen and investors to start selling off their assets. Due to Obama-crat tax policies land values will decline as land sales increase; unemployment will increase with more business closures; and, stock values will decline in proportion to the number of people "retiring" from the market. Where is this analysis wrong?

]]> By: Patricia, dunkirk MD http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-71894 Patricia, dunkirk MD Mon, 30 Nov 2009 11:37:32 +0000 http://www.foundry.org/?p=20371#comment-71894 They want our mind, body and possessions. God help the people They want our mind, body and possessions. God help the people

]]> By: Bobbie Jay http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-70145 Bobbie Jay Sat, 21 Nov 2009 00:28:53 +0000 http://www.foundry.org/?p=20371#comment-70145 Where's the empathy? How immoral. For those that vote this in, will be haunted for the rest of their days. Where's the empathy? How immoral.

For those that vote this in, will be haunted for the rest of their days.

]]> By: Doug Bissonette, Bin http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-70117 Doug Bissonette, Bin Fri, 20 Nov 2009 21:06:56 +0000 http://www.foundry.org/?p=20371#comment-70117 FYI FYI

]]> By: John B. San Diego CA http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-70094 John B. San Diego CA Fri, 20 Nov 2009 19:21:37 +0000 http://www.foundry.org/?p=20371#comment-70094 Greetings Heritage Foundation, may I preface my statements with a declaration? Realizing comment is always a privilege not a right on this blog, I may press the extension of privilege, however not intentionally only through passion and the hopefulness of a free America will I risk this? What strikes me as apparent is, Liberal Leadership in Congress and the current Administration is not satisfied with cradle to grave dictatorial authority! No, as leadership they must have total control, i.e. from the point of conception.... until the point after being laid to rest. What is prescribed as freedom in the interim period? Wherein we all exist as common men and women.../our human rights during existence here on earth? I submit to all rational mindset that we are being afforded precious little in the form of "LIFE, LIBERTY, and the PURSUIT of HAPPINESS here on earth!" As each and every day passes leadership in the majority and the executive is planning and plotting the very end of "OUR CONSTITUTIONAL RIGHTS!" Why you ask, for one world government I say, the end of sovereignty, collapse of our currency and a promise of even more power for those in charge! STEP BY STEP they march on--- robbing us---wake up America! I pray I am wrong. JB #### Greetings Heritage Foundation, may I preface my statements with a declaration? Realizing comment is always a privilege not a right on this blog, I may press the extension of privilege, however not intentionally only through passion and the hopefulness of a free America will I risk this?

What strikes me as apparent is, Liberal Leadership in Congress and the current Administration is not satisfied with cradle to grave dictatorial authority! No, as leadership they must have total control, i.e. from the point of conception…. until the point after being laid to rest. What is prescribed as freedom in the interim period? Wherein we all exist as common men and women…/our human rights during existence here on earth? I submit to all rational mindset that we are being afforded precious little in the form of "LIFE, LIBERTY, and the PURSUIT of HAPPINESS here on earth!" As each and every day passes leadership in the majority and the executive is planning and plotting the very end of "OUR CONSTITUTIONAL RIGHTS!" Why you ask, for one world government I say, the end of sovereignty, collapse of our currency and a promise of even more power for those in charge!

STEP BY STEP they march on— robbing us—wake up America!

I pray I am wrong.

JB ####

]]> By: Adam Nicholson, DC http://blog.heritage.org/2009/11/20/congress-considers-steep-death-tax-increase/#comment-70049 Adam Nicholson, DC Fri, 20 Nov 2009 16:19:05 +0000 http://www.foundry.org/?p=20371#comment-70049 great research and great post, Curtis. A temporary extension of the estate tax is nothing less than a tax hike, and a particularly bad one at that. For more videos of the impact of the estate tax on family businesses, please visit: <a href="http://www.estatetaxtruth.org" rel="nofollow">www.estatetaxtruth.org</a>. No Taxation without Respiration! great research and great post, Curtis. A temporary extension of the estate tax is nothing less than a tax hike, and a particularly bad one at that.

For more videos of the impact of the estate tax on family businesses, please visit: http://www.estatetaxtruth.org.

No Taxation without Respiration!

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