Posted on 12/28/2009 7:53:24 AM PST by mike48
In five days the United States will enter the New Year with the mother of all loopholes. The estate death tax is abated for one year: 2010.
Thats the good news.
The bad news is that in order to take advantage of this chasm, one has to pay the ultimate price. He or she must die before next year is over. In order to prevent the government from reigniting the theft of already taxed booty from those six feet under, retroactive to the beginning of the New Year, the wealthy need expire at the last possible moment to take advantage.
They wont be dying for their country. Many of our best entrepreneurs will commit Hari Kari because of their country.
New Years Eve of 2010 may witness the largest passing of unfettered wealth from its rightful owners to their chosen heirs and charities; a tax bomb shelter punch in the nose to the thieves in Congress who take every last dollar of yours they can to spend on pet projects and people who have had their souls stolen by the Democratic Party for their weekly welfare check.
If the beneficiaries are young enough, they may live as long as it takes for Obamacare to knock them off. Even in that scenario, thats an extra 30 years (unlike the 48 years now) for a 30 year old to avoid the Socialists from stealing said earned fortunes.
(Excerpt) Read more at daveweinbaum.com ...
Everyone would do well to remember how Clinton made the death tax retroactive!
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