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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (13499)	4/8/2004 11:23:45 PM
From: Alan Smithee	Read Replies (1) \| Respond to of 81568

I'm amazed at the things you know. Such breadth of knowledge. It must be a good thing to go through life knowing you are so right.

To: American Spirit who wrote (13499)	4/8/2004 11:45:28 PM
From: Rainy_Day_Woman	Read Replies (2) \| Respond to of 81568

Smithee was right, federal estate taxes begin on estates valued at $1,500,000 also, did you know this tax law will be repealed in 2010? It's very important to be aware that this repeal is temporary; the entire law "sunsets" (expires) after December 31, 2010. This means that the provisions of this 2001 Tax Act will no longer be effective on January 1, 2011 and the tax structure as it existed in 2001 will take effect again (in 2011, Federal estate tax will be assessed on property in excess of $1 million at the top rate of 55%.) Federal 2004 Gift and Net Estate Tax Rates If taxable estate is... the base tax is... plus minus unified credit $1,500,000 - 1,999,999 - $555,800 45% of excess over $1,500,000 $555,800 $2,000,000 and over - $780,800 48% of excess over $2,000,000 $555,800

To: American Spirit who wrote (13499)	4/9/2004 10:40:59 AM
From: tonto	Respond to of 81568

You do not know what you are talking about...or are flat out lying...again. I purchased two farms during the past 18 months and they are neither up in their necks in hock, nor were the farmers that I bought them from. In fact, with grain prices up so much this year, farmers are smiling and looking for land...18 months too late...(s) Don't post AS what you do not know about...that should limit myour posts to one per day at the most... You just make stuff up without a clue. That is wrong. LA Times said yesterday estate taxes start at 2 million. It's their mistake if it it a mistake, but I believe them over you. (sorry) Also, take into account that this 2 million figure is NET value (after debts) which means very few family farms or small businesses are worth 2 million. Most are up to their necks in hock. The Bushies ruse it to claim this benefits the small guys, it doesn't. It was written for the HUGE FAT CATS and ultra OLD MONEY.