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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (38007)	7/25/2005 4:36:07 PM
From: tonto	Read Replies (1) \| Respond to of 93284

Really, be specific on how we won't be paying taxes... and then tell us how if we pay more in taxes so that the government can waste it, wqe end up with more money in our pockets. LOLOL No wonder your business failed. THE GOOD NEWS is it's becoming increasingly less likely that you'll owe estate taxes. That's because Congress has approved a schedule that increases the amount an individual can leave to heirs tax-free to $1.5 million in 2005 and eventually to $3.5 million in 2009. In 2010, it will supposedly be repealed altogether. Still, with 401(k) accounts compounding and life insurance death benefits thrown into the pot, it's easier than some think for a working couple to be subject to the estate tax, at least for the next few years. And this tax can be brutal. For every dollar more than $1.5 million that you leave behind, Uncle Sam will take at least 45 cents. The marginal tax rate hits 47% for a $2 million estate. If you're idle rich guy with 100 million in stock you pay no federal taxes even when you die. Nothing.