The Wealthy look set to get another tax break!
Congress is going to try to repeal the Estate Tax in September. This tax brings in more than $70 billion a year (year 2000). All estates worth less than $675,000 are exempt from any tax. In 2000 this was about 52,000 estates, or 2.16% of the total. Various new limits have been suggested. If the exemption is raised to $1.5 million, only 0.57% of estates would pay any tax. If $2.0 million, 0.26% would pay; if $3.5 million, 0.15%.
This tax reduction effort is strictly for the truly wealthy. If you're in that group, you might want to see the law changed. If you're not in that group, and figure you're not likely to get there, you probably don't want to see the law changed. If the law is changed, that $70 billion is going to be gotten from the rest of us.
You can get more information on this subject by gong to http://www.faireconomy.org
You might want to contact your Senators or Representative if you don't want the law changed.
posted by georgex5 @ 9:20 AM
6 comments
6 Comments:
Hi georgex5: Interesting blog. I’ll save it in my favorites. I too have a blog about xelr8. <. Just in case, you’re interested in, xelr8 check out my site. The company is endorsed by over 350 Pro Athletes. A good site for more information is http://www.xelr8-xelr8.com. Take Care
Hi georgex5: Interesting blog. I’ll save it in my favorites. I too have a blog about BEVERLY SASSOON. <. Just in case, you’re interested in, BEVERLY SASSOON check out my site. The company is endorsed by over 350 Pro Athletes. A good site for more information is http://www.xelr8-xelr8.com. Take Care
Hi georgex5: Interesting blog. I’ll save it in my favorites. I too have a blog about YourNetPlus.com. <. Just in case, you’re interested in, YourNetPlus.com check out my site. The company is endorsed by over 350 Pro Athletes. A good site for more information is http://www.xelr8-xelr8.com. Take Care
Hi georgex5: Interesting blog. I’ll save it in my favorites. I too have a blog about LIFEWAVE. <. Just in case, you’re interested in, LIFEWAVE check out my site. The company is endorsed by over 350 Pro Athletes. A good site for more information is http://www.xelr8-xelr8.com. Take Care
Hi georgex5: Interesting blog. I’ll save it in my favorites. I too have a blog about Body Shop at Home. <. Just in case, you’re interested in, Body Shop at Home check out my site. The company is endorsed by over 350 Pro Athletes. A good site for more information is http://www.xelr8-xelr8.com. Take Care
Hello georgex5, been looking for the latest info on The Donald and found The Wealthy look set to get another tax break!. Though not exactly what I was searching for, it did get my attention. Interesting post, thanks for a great read.
Post a Comment
<< Home