The estate tax in this case is 45% for estates from 3.5 million to 7 million. While you may think this is a lot of money, guess again.
Imagine a farmer that has been farming his families land all his life and it has been in the family for 100 years. When he dies, the property is part of his estate. Farms in Iowa can be 500, 1000, even 2000 acres. Even a 500 acre farm anywhere near a metro area or in an area with good soil could be worth 1.5 million easy. Now the government will want 45% of what has already been taxed, in terms of property tax, income tax and other taxes. Even someone from the suburbs of Long Island may have saved all their long life, and when they died, their home and assets could easily go into the millions, especially if they have a family owned business. Again, the government double and triple dips here, stealing from the people, and we haven't even mentioned state estate tax.
The real deal here is the Vampiress and her cohorts are further digging a hole for themselves come 2010. While Bella is in good form because she runs from the people's republic of California, her fellow dems will not do so well. At the very least she will lose the speakership. May be this is the silver lining of Obama getting elected: By allowing the flower of socialism to bloom, people smell the stench of the feculent flower and are now out to get the 2-4-d and be done with it. With the GOP in for 8 years, the dems always had a foil to blame for what wasn't working. Now that we get to see the results of their corrupt and feckless philosophy in a very short time, people will finally understand, come to their senses and choose a better alternative to the status quo.
Thank you for reading this blog.
4 comments:
Isn't anyone crazy enough in this world to just beat the shit out of Pelosi and make her stop???
She won't stop until she's either room temperature or she is repudiated by election or criminal justice. Unfortunately one isn't coming, at least anytime soon and the other isn't legal. If the GOP wins, at least she'll lose the power as speaker.
When are Americans going to wake up and realize as long as we have this oppressive taxation system, WE ARE NOT FREE NOR LIVING UNDER FREEDOM. I'll be honest with you, over the past year, I have had problems standing up for the National Anthem, because it seems like rhetoric and not anything of fact anymore. Think about it. The home of the brave and the land of the free? Give me a break! We'll be brave again once Americans overthrow the oppression.
BBCW:
I know what you mean, but you understand what it means, those words. When the day comes that Obama's fabian bullshit becomes reality, I too will sit.
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