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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (379645)	4/22/2008 7:21:12 AM
From: Brumar89	Read Replies (1) \| Respond to of 1575377

"You neglected to mention the exclusion amount was $675K in 2001?" It is $4 million now. "And in 2011 its to go back to $1M." If they don't change it. What are the odds they won't? Who knows? Certainly makes estate planning more complicated. But if this is only a tax on "multi-gazilionaires", why not raise the exclusion to something big - like $50M or something? "Is resentment of "multi-gazilionaires" an informed opinion? (Ignoring the fact that "multi-gazilionaires" aren't gonna pay much if any estate tax anyway." Who said there is resentment? I just don't see why the tax code should be changed to accommodate them. They are just another group trying to get special treatment. You mean trying not to have the government seize roughly half their wealth. "Sure, given their homes and 401K's it will hit a bunch of babyboomers someday. But don't worry - its only gonna affect "multi-gazilionaires."" Exactly. If their estate is worth much more than $4 million, then none of their heirs are going to be hurting. I note you're more than happy to see the tax on "multi-gazilionaires" hit folks with >$4M, which could easily happen given a successful business plus home plus savings.