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rainbow4321

(9,974 posts)
Thu Dec 27, 2012, 06:54 PM Dec 2012

Guess we will see if this holds true if we hear of a bunch of millionaires' "deaths"

in the next few days:

http://www.cnbc.com/id/100341727

Many families are faced with a stark proposition. If the life of an elderly wealthy family member extends into 2013, the tax bills will be substantially higher. An estate that could bequest $3 million this year will leave just $1.9 million after taxes next year. Shifting a death from January to December could produce $1.1 million in tax savings.

It may seem incredible to contemplate pulling the plug on grandma to save tax dollars. While we know that investors will sell stocks to avoid rising capital gains taxes, accelerating the death of a loved one seems at least a bit morbid—perhaps even evil. Will people really make life and death decisions based on taxes? Do we don our green eye shades when it comes to something this serious?

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Guess we will see if this holds true if we hear of a bunch of millionaires' "deaths" (Original Post) rainbow4321 Dec 2012 OP
Why did I just think about Poppy Bush? rateyes Dec 2012 #1
Exactly what I was thinking! n/t LeftofObama Dec 2012 #3
he has more than one offspring who would pull the plug rurallib Dec 2012 #6
CNBC reaches a new low abelenkpe Dec 2012 #2
I cannot even imagine that someone would make life and death decisions based on DearHeart Dec 2012 #4
Um these are the people who think ALL money is theirs. TheMadMonk Dec 2012 #5
I agree... DearHeart Dec 2012 #7

abelenkpe

(9,933 posts)
2. CNBC reaches a new low
Thu Dec 27, 2012, 07:13 PM
Dec 2012

with this idiotic article. Why anyone thinks they are a credible news source is beyond me.

DearHeart

(692 posts)
4. I cannot even imagine that someone would make life and death decisions based on
Thu Dec 27, 2012, 07:16 PM
Dec 2012

TAXES!! I would rather give it all up in taxes to keep my loved one alive for even one more day!! I guess I'm just naive or nuts!

 

TheMadMonk

(6,187 posts)
5. Um these are the people who think ALL money is theirs.
Thu Dec 27, 2012, 08:54 PM
Dec 2012

These are the people who instruct health insurers to: dump expensive clients; to provide the cheaper sub-standard treament rather than the effective, but expensive one.

THESE ARE THE PEOPLE WHO HAVE BEEN BEHIND DEATH PANELS FOR FUCKING DECADES.

DearHeart

(692 posts)
7. I agree...
Fri Dec 28, 2012, 01:20 AM
Dec 2012

I just don't like to think of people pulling the plug on their loved ones to save some money. I know that they don't give a shit about strangers, but I would've liked to believe that their family members were different, but I now believe that they wouldn't think twice about saving "grandma", if there was a buck involved. How sad!

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