The Conservative Cave

Current Events => General Discussion => Topic started by: Mr Mannn on July 20, 2012, 05:44:51 AM

Title: Don't Die in 2013: Confiscatory 55% Death Tax Set to Take Effect
Post by: Mr Mannn on July 20, 2012, 05:44:51 AM

http://atr.org/dont-die-confiscatory-percent-death-tax-a7051
Don't Die in 2013: Confiscatory 55% Death Tax Set to Take Effect

Quote

--snip--
In 2013, the death tax will revert to its antiquated, pre-2001 form. The applicable exclusion amount will plummet to $1,000,000, and the top marginal rate will leap twenty points to 55%. A 5% surtax will also return, to be levied on estates between $10 million and $17 million. This raises the top effective rate of the death tax to 60%.
--snip--

Thanks to Democrat class warfare, you can say goodby to the family farm.

Title: Re: Don't Die in 2013: Confiscatory 55% Death Tax Set to Take Effect
Post by: thundley4 on July 20, 2012, 05:55:40 AM

I hope the owner of my company stays healthy.

Title: Re: Don't Die in 2013: Confiscatory 55% Death Tax Set to Take Effect
Post by: JohnnyReb on July 20, 2012, 07:43:59 AM

Quote from: thundley4 on July 20, 2012, 05:55:40 AM

I hope the owner of my company stays healthy.

It'll be just another small business put out of business by the government helping to build that business. He didn't build it by himself you know.