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Bernie is up at the tax debate. (Original Post) SamKnause Dec 2017 OP
Bernie kicked ASS !!!!!!!!!!!!!!!!!!!! SamKnause Dec 2017 #1
What else is new?! InAbLuEsTaTe Dec 2017 #6
Imagine what will happen the day after the estate tax is repealed. Huge drawdown on trusts and wiggs Dec 2017 #2
the end of the estate tax will be devastating questionseverything Dec 2017 #7
Me too. nt Irish_Dem Dec 2017 #3
Nothing being said by anyone right now matters. This sickening bill will pass. sadiegirl Dec 2017 #4
Thats how Im feeling. NCTraveler Dec 2017 #9
Oh, goodie - the guy who made this all possible Adenoid_Hynkel Dec 2017 #5
I hope he can stop it. Nt NCTraveler Dec 2017 #8
I don't think it can be stopped. SamKnause Dec 2017 #10
I dont either. NCTraveler Dec 2017 #11
McConnell and Hatch are all smiles. SamKnause Dec 2017 #12

wiggs

(7,814 posts)
2. Imagine what will happen the day after the estate tax is repealed. Huge drawdown on trusts and
Fri Dec 1, 2017, 08:38 PM
Dec 2017

hundreds of billions transferred to heirs.

Right now, if your estate as a couple is worth more than 10,000,000, you're heirs would pay 40% on anything gifted or left to them above 10 million. There are huge estates in every big city out there, managed at great expense to somehow maximize the size of the estate but also managed to avoid as much estate tax as feasible.

In the world of the .1%, 10 million is not a big estate. There are wealth management firms that don't even talk to you if you have less than 10 million to manage.

Rather than risk a future where the estate tax comes back, the days and weeks after the repeal will see unbelievable transfers of wealth. Wish I could be a part of that, but even if I was I would recognize the reason and history of the estate tax is valid and that we all contribute to the overall economic health of the country.

But...watch what happens when on one day there's a 40% tax on wealth given away, and the next there's nothing.

questionseverything

(9,654 posts)
7. the end of the estate tax will be devastating
Fri Dec 1, 2017, 09:27 PM
Dec 2017

personally I hope a couple of the deep pockets drop dead before it is signed into law

 

sadiegirl

(138 posts)
4. Nothing being said by anyone right now matters. This sickening bill will pass.
Fri Dec 1, 2017, 08:39 PM
Dec 2017

May Karma strike them all.

 

Adenoid_Hynkel

(14,093 posts)
5. Oh, goodie - the guy who made this all possible
Fri Dec 1, 2017, 08:44 PM
Dec 2017

For refusing to concede a primary he'd list an poitlessly beating up the only person who stood between the US and a Trumpian nightmare

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