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Politics : Don't Blame Me, I Voted For Kerry
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To: American Spirit who wrote (13867)4/10/2004 7:25:10 PM
From: rrufffRead Replies (1) of 81568
 
Estate tax cuts for the rich will be taken away. Above $200,000 back to Clinton era.

Are you saying that above $200,000, all estates would be taxed?

This would be a disaster for the US economy, requiring the sale of just about every small business, farm or r/e holding.

Clearly, you must have typed before you thought it out.

You didn't answer about capital gains.

I agree his corporate tax plan is innovative and I like it. But so far, nothing else but a lot of vague stuff.

Who is rich? I don't think someone with a home and a small business, should have to sell either upon death, do you? Elminating estate taxes under $10 million is probably the thing to do. They could raise more money attacking the charitable foundations and generation skipping trusts that the extremely wealthy use to avoid all taxes, and these procedures have been around long before George Bush I.

See what I mean?

The anti-Bushies can lose the election by merely using catch phrases like "tax the wealthy" "roll back the Bush tax cuts" etc., because they have no idea about the particulars and the particulars are not being detailed from the top.

When politicians say "tax the wealthy," all of us full time middle class workers hold onto our wallets.
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