When right calls for estate tax cuts, call rich CRY BABIES & UNPATRIOTIC

[yurbud]

and mention Paris Hilton.

We are not trying to take away all their money or punish them for being rich but simply asking them to pay their fair share.

[TallahasseeGrannie]

1. How much can you inherit now w/out taxes? n/t

[napi21]

2. I think it's $1.5 million, but the Dems agreed to increase the cap

to $2 or $3 million, and the Pubs just want it completely gone!

[TallahasseeGrannie]

3. Okeeee then

I'm not worried about it. Outta my league.

[napi21]

4. That's why the BIG fight! There are about 20,000 Americans

who would be affected by this tax, but you can sure see who's side the Pubs are on, huh?

[TallahasseeGrannie]

5. Gee

if you inherit 1.5 mil tax free, then you are set for life and shouldn't complain.

Geez. 1.5 million. Not in my life, I guess.

Besides, they do all those trust fund things.

And how is it when I buy a lottery ticket that is basically a self-imposed tax, if I win, I have to turn over 50% to Uncle Sam? But if I am lucky enough to have a rich daddy (from whom I have benefitted all my life) then I get 1.5 million free and clear?

[napi21]

6. Face it Tallahassee, you're just not lucky!

If you were, you're family would have been rich and given it all to you...TAX FREE!

[Finder]

7. Lot more than that.

Also, many small businesses and mom and pop operations have suffered because of the estate tax. The ultra rich have their money protected by high priced accountants, tax shelters, etc. It is the middle to upper middle that get the short end of the stick mostly.

[yurbud]

8. mom & pop & farms can be fixed without thowing out all

[Finder]

9. agree, however...

it is essentially double taxation in many cases. If I take my after tax money and put it in the bank...why should it be taxed again if I die?

[yurbud]

10. ha! well, it's double taxation if you pay income & sales tax

and your employer paid tax on the money before it passed to you, and a customer paid tax on the money before it passed to him.

In most cases, inheritance is gravy--like winning the lottery when you are already rich.

The test in this case should be is it a burden to pay? How would it change Paris Hilton's life if she inherited 20 million instead of 30?

Again, if you are thinking of people at the lower end of the spectrum or passing on a business or farm, those are exceptions that can be fixed.

[briang5000]

11. you're not being taxed again...

your heir is being taxed on income.

The IRS taxes all income. Not just earned income. All income.
That's why the estate tax exists.