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Three Rivers Publishing

Wednesday
Jun 19th
Home Classifieds Real Estate
Kill the death tax Print E-mail
Written by L. Wood   
Friday, 13 July 2012 13:27

What do you think about this Death Tax? This is the tax that the families pay after the mother or father has to pay after their death. This is 30 percent of all insurance policies and all so the state can sell 30 percent of their land.

    And it is my understanding that congress is fixing to raise this up to 50 percent real soon. Now this is money that the taxes have been paid on. So don’t you think that it is time to put a stop to all of this?
    You and I and everybody else has a chance to kill the Death Tax once and for all. There is nearly a majority in the House of Representatives who have signed onto a bill (HR1259) to end the Death Tax.
    I think that every American no matter which party they vote for should stop and think about this real hard. What would your family do if you passed away? With this Death Tax they lose everything, no income, home, car. Where would they go? How would they live? This Death Tax has to stop. So as American people we have to stick together and fight this and put a stop to the out of control politicians in Washington, D.C. It was your vote and mine that put them into their office, so let’s let them know that it is time for this to stop.
    So e-mail, write or make a phone call to your state representative, United States Senator and congressman/congresswoman. Let them know how you feel about the Death Tax.
    Remember these people work for you and me; they work for all American people. They were voted into that office and they can be voted out.
    So what do you say? Do we stick together and take back America or sit back and just talk about the things that are wrong with America today?
    This Death Tax is a very low shot by our Congress and it is wrong. Any politician that has anything to do with the Death Tax should be removed from his/her office.
    “God Bless America.”
L. Wood
Vichy

    EDITOR’S NOTE: As of 2011, the U.S. Estate Tax (also known as the death tax) allows for up to $5 million to passed from an individual upon their death without paying taxes. If assets are left to a spouse, the tax does not apply no matter what amount is inherited. Currently the estate tax rate is 35 percent after it was temporarily reduced by Congress in 2010. In 2013, however, the Estate Tax is scheduled to return to its 2001-02 levels, which allow for an untaxed inheritance of only $1 million with a tax rate of 55 percent on any assets over that amount. The U.S. Estate Tax was created by Congress in 1916.

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wbrown4  - Kill The Death Tax   |2012-07-19 22:26:55
Tax everyone, feed the truly hungry, help the disabled.

To create an entity
and endow it with the power to take your neighbors money or property after
death, prior to distributing it to the family members the deceased put a
lifetime of work into, is a terrible thing to do. There is plenty of money to
feed the hungry, just not enough money to pay lawmakers well over a hundred
grand a year and buy everyone a house, car, cell phone, internet service, big
screen TV's and other luxuries. Do not take what a person earns and give it away
to non-family members!
andrew  - MOOT   |2012-07-18 08:53:22
Tax the rich, feed the poor..............Since the first five million $$ in
inheritance are exempt from this tax.. This only effects the uber rich..I want
the rich to pay more tax .More income tax, fewer tax loopholes, tax
shelters..Come on..Mitt Romney got a $70,000 tax credit for his horse.. Dont be
fooled.. the rich get richer and we working folks get the shaft..
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