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

To: i-node who wrote (585276)	9/13/2010 1:42:09 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1577025

If you die this year you'd pay less than $150 million (cap gains, no estate tax). Obamas letting that slide. Baffling. Next year $550 million less the deduction.

To: i-node who wrote (585276)	9/13/2010 2:17:01 PM
From: Alighieri	Respond to of 1577025

I have $1 Billion in appreciated stock that I paid negligible dollars for. When I die, the IRS wants $550 Million. If the stock isn't liquidated, how are my heirs to pay that tax liability? Duh! The point made in the article is that cap gains are nearly as much as death taxes even IN THE ABSENCE of a death tax...see below. That's very misleading... In fact, enormous amounts of tax, including capital gains tax on all the assets they receive, is almost as much, if not equal to, the amount they would have paid under the death tax. Al