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Politics : View from the Center and Left

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To: Travis_Bickle who wrote (90100)10/15/2008 11:05:22 AM
From: DewDiligence_on_SI  Read Replies (2) of 541936
 
Re: Death tax

>The portability will be nice though under the current system I would draft the necessary trusts to maximize tax benefits for $400, it takes me about an hour, the reason it is very expensive for some couples is that they are getting ripped off.<

One can also retain the double exemption of a married couple via renunciation, although this has some practical issues as you undoubtedly know.

The 45% tax rate the Obama campaign is talking about is barely an improvement over the pre-Bush rate of 55%, and it could even be worse if state levies end up being incremental to the federal take in some states. This alone is a reason to not vote for Obama as far as I’m concerned. Regards, Dew
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