You are four times as likely to be hit by lightning...

[Acebass]

Than to have to worry about estate tax...

This really pisses me off. Last year I made a measly $36,000. and had to pay over $700. in taxes...do I give a rats ass if these people have to pay their fair share...


TAXES -- EIGHTEEN FAMILIES BANKROLL ESTATE TAX REPEAL CAMPAIGN: The 10-year effort to repeal the estate tax (aka the Paris Hilton Tax ) on heirs of the super wealthy has been financed and coordinated by just 18 families , according to a new report by Public Citizen and United for a Fair Economy. The families include “the candy magnate Mars family, Waltons of Wal-Mart fame, Kochs of Koch Industries and Dorrance family of the Campbell 's Soup Co.” Together, they are worth a total of $185.5 billion. The estate tax repeal would “ collectively net them a windfall of $71.6 billion .” Bending to the will of these families, House and Senate conservatives are proposing to permanently repeal the estate tax -- or seek a “compromise” that is nearly as bad -- even though such a move would cost over three quarters of a trillion dollars in the next decade. Senate Majority Leader Bill Frist (R-TN) has promised a vote on repeal in May . Meanwhile, a new poll finds that 57 percent favor reforming or leaving alone the estate tax; only 23 percent back repealing it . And for good reason: Americans are about four times as likely to be hit by lightning than to have to pay estate taxes on small businesses or farms.

[American Tragedy]

1. And guess who will have to compensate for that lost revenue?

The government can hardly afford to just cast aside $71.6 billion in taxes. Wars are expensive enterprises.

[Acebass]

2. But it's good for the economy...barf...n/t

[electropop]

3. Let's hope the GOP are very public about the next billionaire giveaway,

or maybe even by some miracle, the Dems make a loud stink about it and point out these very facts. They should list off the 18 families and how much they stand to gain, and point out that that's what the rest of us stand to lose.

[Acebass]

4. There were several embedded links in this article...

I pulled them up and copied them to forum. some of them will answer your questions...


http://politicalswitchboard.invisionzone.com/index.php?showtopic=9623&hl=